* Specially encoded data types, small lists and sets can now use up to an order of magnitude less memory.
* VM partial rewrite for code cleaness and memory usage.
* Change to the implementation of the top level dictionary for better memory efficienty.
* redis-cli is hugely improved: tab completion, inline help (Thanks to TJ Holowaychuk), raw output, rewritten using the new hiredis C library.
* Networking internals rewritten for efficiency. You can expect LRANGE and similar commands to be at least 10 times faster.
* Most read only commands are now copy-on-write friendly, this means that Redis will use little memory when a saving child is active and the parent process is mostly stressed by read queries.
* Non blocking replication even from the point of view of the slave, with configurable behavior about what to do when the link is disconnected. You can select if serving old data or replying with an error.
* Check-and-set (CAS) transactions with the new WATCH command.
* Now write operations work against keys with an EXPIRE set! Imagine the possibilities.
* New maxmemory eviction policies. It is possible to select among LRU, farest TTL expire, and other algorithms, and if when the memory limit is reached only keys with an expire set or all the keys should be expired.
Credits: Where not specified the implementation and design are done by Salvatore Sanfilippo and Pieter Noordhuis. Thanks to VMware for making all this possible. Also many thanks to all the other contributors and the amazing community we have.