diff --git a/hathor/conf/localnet.yml b/hathor/conf/localnet.yml
index d175faeaf..c01ba7f1d 100644
--- a/hathor/conf/localnet.yml
+++ b/hathor/conf/localnet.yml
@@ -1,6 +1,6 @@
 P2PKH_VERSION_BYTE: x49
 MULTISIG_VERSION_BYTE: x87
-NETWORK_NAME: local-privatenet
+NETWORK_NAME: privatenet
 BOOTSTRAP_DNS: []
 
 # Ledger genesis
@@ -24,4 +24,7 @@ REWARD_SPEND_MIN_BLOCKS: 1
 
 CHECKPOINTS: []
 
+ENABLE_NANO_CONTRACTS: 'enabled'
+NC_ON_CHAIN_BLUEPRINT_RESTRICTED: False
+
 extends: testnet.yml