Along with their upcoming hard fork, Loki network has announced an upgrade to version 2.0.0 – Festive Freya. The upcoming release which boasts of a host of features will be available on testnet from November 20 to November 30. All users and enthusiasts of the network are encouraged to try out the new version on the testnet (with the aim of finding bugs and appropriate fixes) before the final binaries are rolled out.

Some of the updates and features of Festive Freya includes:

  • Bulletproofs
  • Lower transaction fees
  • Staking option from GUI wallet
  • Reduction in blockchain bloat by adjusting the frequency of governance wallet payouts
  • IPV6 support
  • Grace period for Service Nodes
  • Some bug fixes
  • Increased visibility for both locked amounts and unlock time of staking transactions
  • SwarmID field for all Service Nodes
  • Versioning of Service Node uptime proofs

All users, including miners and Service Node operators have been advised to update their wallets since they will no longer be able to send funds from their old wallets after the hard fork.

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Source Medium

For the sake of emphasis, an extra field has been added to uptime proofs of Service Nodes. Each node will now report an additional version number. Nodes that don’t conform to this, either as a result of incorrect or no version number will be deregistered. For this reason, the team gave a word of caution, stating that:

To ensure safe operation, you must update your Service Node to version 2.0.0 (Festive Freya) before 13 December 2018.