Bitcoin Core introduced a new version
It is great that innovative and daring projects continue to work in the crypto industry and are not afraid of competition from large platforms. Such bold organizations can be safely attributed to the company Bitcoin Core and their internal asset BTCC. Originally emerging as a counterbalance to Bitcoin, today this project has established itself in the market as a reputable, profitable and reliable project. Developers actively support their own brainchild. For example, a new version of the digital coin was presented today. Next, we’ll discuss the 0.21.0 release. Let’s highlight the key features and advantages of this version. So let’s get started.
What exactly did the developers bring
First, you need to briefly discuss the update itself, and then go into the details of the added technologies. Note that the installed version has already started to work successfully and is considered a fairly large update. A team of 100 developers worked tirelessly to create innovations. It took about 6 months to introduce all the promised technologies. So we are dealing with a carefully prepared, high quality and volumetric update. The development affected the block generation process, and the update also affected the supported addresses for digital transfers. In general, the network has improved its own performance, has become more stable and more efficient. But let’s dive into the details:
Wallets and Bitcoin Core
The developers have presented functionality for interacting with descriptor storages. These wallets do not use traditional keys, but special algorithms. Thus, the potential of the warehouse in developing new digital solutions is increasing. And now Bitcoin Core supports not only traditional storages, but also such advanced wallets. The update is obviously useful for programmers who create special solutions for interacting with coins on such services. But don’t worry if you’re the owner of traditional storage – the upgrade won’t affect your work in any way. Nevertheless, the developers plan to completely replace the used wallets by 2023. But this is a gradual, non-urgent process.
The solution will facilitate the work for those users who do not want to download the entire blockchain volume and use the coin for rare money transfers. Obviously a useful way to save valuable hard disk space and speed up transfer of funds. At the same time, the anonymity and security of your data remains high. New algorithms have been introduced, old techniques have been redesigned to remove possible privacy issues. By the way, to improve anonymity, the creators of Bitcoin Core are gradually replacing second-generation addresses.
The so-called V-2 storages will be completely replaced by modern addresses of the third type by October of this year. They are more difficult to compromise, but at the same time they place less load on the system core. The transition process promises to take place without direct user participation. A fully automated procedure will allow you to forget about freezes and other cryptocurrency problems once and for all.
These are, of course, just the basics adopted in the latest Bitcoin Core update. If you want to know about each of the technically complex nuances, we recommend that you independently familiarize yourself with the adopted version on the official website of the project. We just talked about the most important. Follow the crypto industry news with us. We have high-quality, interesting material. Thanks for attention. Good luck!