diff --git a/p2p/discover/v5wire/encoding_test.go b/p2p/discover/v5wire/encoding_test.go
index d9c807e0a..b13041d1b 100644
--- a/p2p/discover/v5wire/encoding_test.go
+++ b/p2p/discover/v5wire/encoding_test.go
@@ -512,9 +512,6 @@ func (n *handshakeTestNode) init(key *ecdsa.PrivateKey, ip net.IP, clock mclock.
 	db, _ := enode.OpenDB("")
 	n.ln = enode.NewLocalNode(db, key)
 	n.ln.SetStaticIP(ip)
-	if n.ln.Node().Seq() != 1 {
-		panic(fmt.Errorf("unexpected seq %d", n.ln.Node().Seq()))
-	}
 	n.c = NewCodec(n.ln, key, clock)
 }
 
diff --git a/p2p/enode/localnode.go b/p2p/enode/localnode.go
index d8aa02a77..4827b6c0a 100644
--- a/p2p/enode/localnode.go
+++ b/p2p/enode/localnode.go
@@ -36,20 +36,25 @@ const (
 	iptrackMinStatements = 10
 	iptrackWindow        = 5 * time.Minute
 	iptrackContactWindow = 10 * time.Minute
+
+	// time needed to wait between two updates to the local ENR
+	recordUpdateThrottle = time.Millisecond
 )
 
 // LocalNode produces the signed node record of a local node, i.e. a node run in the
 // current process. Setting ENR entries via the Set method updates the record. A new version
 // of the record is signed on demand when the Node method is called.
 type LocalNode struct {
-	cur atomic.Value // holds a non-nil node pointer while the record is up-to-date.
+	cur atomic.Value // holds a non-nil node pointer while the record is up-to-date
+
 	id  ID
 	key *ecdsa.PrivateKey
 	db  *DB
 
 	// everything below is protected by a lock
-	mu        sync.Mutex
+	mu        sync.RWMutex
 	seq       uint64
+	update    time.Time // timestamp when the record was last updated
 	entries   map[string]enr.Entry
 	endpoint4 lnEndpoint
 	endpoint6 lnEndpoint
@@ -76,7 +81,8 @@ func NewLocalNode(db *DB, key *ecdsa.PrivateKey) *LocalNode {
 		},
 	}
 	ln.seq = db.localSeq(ln.id)
-	ln.invalidate()
+	ln.update = time.Now()
+	ln.cur.Store((*Node)(nil))
 	return ln
 }
 
@@ -87,14 +93,34 @@ func (ln *LocalNode) Database() *DB {
 
 // Node returns the current version of the local node record.
 func (ln *LocalNode) Node() *Node {
+	// If we have a valid record, return that
 	n := ln.cur.Load().(*Node)
 	if n != nil {
 		return n
 	}
+
 	// Record was invalidated, sign a new copy.
 	ln.mu.Lock()
 	defer ln.mu.Unlock()
+
+	// Double check the current record, since multiple goroutines might be waiting
+	// on the write mutex.
+	if n = ln.cur.Load().(*Node); n != nil {
+		return n
+	}
+
+	// The initial sequence number is the current timestamp in milliseconds. To ensure
+	// that the initial sequence number will always be higher than any previous sequence
+	// number (assuming the clock is correct), we want to avoid updating the record faster
+	// than once per ms. So we need to sleep here until the next possible update time has
+	// arrived.
+	lastChange := time.Since(ln.update)
+	if lastChange < recordUpdateThrottle {
+		time.Sleep(recordUpdateThrottle - lastChange)
+	}
+
 	ln.sign()
+	ln.update = time.Now()
 	return ln.cur.Load().(*Node)
 }
 
@@ -114,6 +140,10 @@ func (ln *LocalNode) ID() ID {
 // Set puts the given entry into the local record, overwriting any existing value.
 // Use Set*IP and SetFallbackUDP to set IP addresses and UDP port, otherwise they'll
 // be overwritten by the endpoint predictor.
+//
+// Since node record updates are throttled to one per second, Set is asynchronous.
+// Any update will be queued up and published when at least one second passes from
+// the last change.
 func (ln *LocalNode) Set(e enr.Entry) {
 	ln.mu.Lock()
 	defer ln.mu.Unlock()
@@ -288,3 +318,12 @@ func (ln *LocalNode) bumpSeq() {
 	ln.seq++
 	ln.db.storeLocalSeq(ln.id, ln.seq)
 }
+
+// nowMilliseconds gives the current timestamp at millisecond precision.
+func nowMilliseconds() uint64 {
+	ns := time.Now().UnixNano()
+	if ns < 0 {
+		return 0
+	}
+	return uint64(ns / 1000 / 1000)
+}
diff --git a/p2p/enode/localnode_test.go b/p2p/enode/localnode_test.go
index 00746a8d2..312df813b 100644
--- a/p2p/enode/localnode_test.go
+++ b/p2p/enode/localnode_test.go
@@ -49,32 +49,39 @@ func TestLocalNode(t *testing.T) {
 	}
 }
 
+// This test checks that the sequence number is persisted between restarts.
 func TestLocalNodeSeqPersist(t *testing.T) {
+	timestamp := nowMilliseconds()
+
 	ln, db := newLocalNodeForTesting()
 	defer db.Close()
 
-	if s := ln.Node().Seq(); s != 1 {
-		t.Fatalf("wrong initial seq %d, want 1", s)
+	initialSeq := ln.Node().Seq()
+	if initialSeq < timestamp {
+		t.Fatalf("wrong initial seq %d, want at least %d", initialSeq, timestamp)
 	}
+
 	ln.Set(enr.WithEntry("x", uint(1)))
-	if s := ln.Node().Seq(); s != 2 {
-		t.Fatalf("wrong seq %d after set, want 2", s)
+	if s := ln.Node().Seq(); s != initialSeq+1 {
+		t.Fatalf("wrong seq %d after set, want %d", s, initialSeq+1)
 	}
 
 	// Create a new instance, it should reload the sequence number.
 	// The number increases just after that because a new record is
 	// created without the "x" entry.
 	ln2 := NewLocalNode(db, ln.key)
-	if s := ln2.Node().Seq(); s != 3 {
-		t.Fatalf("wrong seq %d on new instance, want 3", s)
+	if s := ln2.Node().Seq(); s != initialSeq+2 {
+		t.Fatalf("wrong seq %d on new instance, want %d", s, initialSeq+2)
 	}
 
+	finalSeq := ln2.Node().Seq()
+
 	// Create a new instance with a different node key on the same database.
 	// This should reset the sequence number.
 	key, _ := crypto.GenerateKey()
 	ln3 := NewLocalNode(db, key)
-	if s := ln3.Node().Seq(); s != 1 {
-		t.Fatalf("wrong seq %d on instance with changed key, want 1", s)
+	if s := ln3.Node().Seq(); s < finalSeq {
+		t.Fatalf("wrong seq %d on instance with changed key, want >= %d", s, finalSeq)
 	}
 }
 
@@ -91,20 +98,20 @@ func TestLocalNodeEndpoint(t *testing.T) {
 	// Nothing is set initially.
 	assert.Equal(t, net.IP(nil), ln.Node().IP())
 	assert.Equal(t, 0, ln.Node().UDP())
-	assert.Equal(t, uint64(1), ln.Node().Seq())
+	initialSeq := ln.Node().Seq()
 
 	// Set up fallback address.
 	ln.SetFallbackIP(fallback.IP)
 	ln.SetFallbackUDP(fallback.Port)
 	assert.Equal(t, fallback.IP, ln.Node().IP())
 	assert.Equal(t, fallback.Port, ln.Node().UDP())
-	assert.Equal(t, uint64(2), ln.Node().Seq())
+	assert.Equal(t, initialSeq+1, ln.Node().Seq())
 
 	// Add endpoint statements from random hosts.
 	for i := 0; i < iptrackMinStatements; i++ {
 		assert.Equal(t, fallback.IP, ln.Node().IP())
 		assert.Equal(t, fallback.Port, ln.Node().UDP())
-		assert.Equal(t, uint64(2), ln.Node().Seq())
+		assert.Equal(t, initialSeq+1, ln.Node().Seq())
 
 		from := &net.UDPAddr{IP: make(net.IP, 4), Port: 90}
 		rand.Read(from.IP)
@@ -112,11 +119,11 @@ func TestLocalNodeEndpoint(t *testing.T) {
 	}
 	assert.Equal(t, predicted.IP, ln.Node().IP())
 	assert.Equal(t, predicted.Port, ln.Node().UDP())
-	assert.Equal(t, uint64(3), ln.Node().Seq())
+	assert.Equal(t, initialSeq+2, ln.Node().Seq())
 
 	// Static IP overrides prediction.
 	ln.SetStaticIP(staticIP)
 	assert.Equal(t, staticIP, ln.Node().IP())
 	assert.Equal(t, fallback.Port, ln.Node().UDP())
-	assert.Equal(t, uint64(4), ln.Node().Seq())
+	assert.Equal(t, initialSeq+3, ln.Node().Seq())
 }
diff --git a/p2p/enode/nodedb.go b/p2p/enode/nodedb.go
index d62f383f0..d1712f759 100644
--- a/p2p/enode/nodedb.go
+++ b/p2p/enode/nodedb.go
@@ -427,9 +427,14 @@ func (db *DB) UpdateFindFailsV5(id ID, ip net.IP, fails int) error {
 	return db.storeInt64(v5Key(id, ip, dbNodeFindFails), int64(fails))
 }
 
-// LocalSeq retrieves the local record sequence counter.
+// localSeq retrieves the local record sequence counter, defaulting to the current
+// timestamp if no previous exists. This ensures that wiping all data associated
+// with a node (apart from its key) will not generate already used sequence nums.
 func (db *DB) localSeq(id ID) uint64 {
-	return db.fetchUint64(localItemKey(id, dbLocalSeq))
+	if seq := db.fetchUint64(localItemKey(id, dbLocalSeq)); seq > 0 {
+		return seq
+	}
+	return nowMilliseconds()
 }
 
 // storeLocalSeq stores the local record sequence counter.