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Bitcoin Core’s New Version Out For Download, Includes Notable Changes

Originally scheduled for 1st December, 2020, Bitcoin Core version 0.21.0 is now available for download. The latest version consists of a handful of noteworthy modifications to the main software execution of Bitcoin. Particularly, Bitcoin now supports Tor’s up-to-the-minute address format. Apart from that, Bitcoin Core also gets manual fee setting.

The consensus rules for the extremely awaited Taproot upgrade have been somewhat altered since they were fused into Bitcoin Core in the month of October, last year. The consensus rules will permit for more intricate smart contracts using Schnorr signatures.

Bitcoin Core Taproot Update

It is to be noted that the Taproot upgrade is now completely live on Bitcoin’s signet, a sandbox network for developers to test newfangled software and upgrades prior to pushing them on the mainnet.

Furthermore, Bitcoin Core now permits its users to set manual fees which are denominated in Satoshis (the smallest unit of Bitcoin) instead of in terms of BTC. Prior to this modification, Bitcoin Core depended upon a fee estimator for transactions. The fees were set by laying down a Bitcoin amount (like 0.000001 BTC) instead of Satoshis (100 Sats).

Bitcoin Core now supports descriptor wallets, as well. These wallets use scripts instead of keys to execute functions, so this – among other things – will make it easier for Bitcoin Core wallets to partake in things like multi-signature transactions.

In addition to several other trivial changes, Bitcoin Core now supports the SQLite database. It also includes a feature that lessens the volume of rebroadcasting efforts a node makes when it fails to broadcast a transaction to its peers.

Moreover, the new version of Bitcoin core now supports privacy browser Tor’s V3 address. It also comes with a new dashboard for effortlessly inspecting network information and peer node data.

With the code now ready for testing, developers can now assess the features before activation commences well along this year.

Bitcoin Price Recovery & New Version Release

Amidst the news of new version release of BTC, Bitcoin has shown a quick recovery from its last week losses and is again trying to touch the 40000 USD levels. Paolo Ardoino, Chief Technology Officer at Bitfinex, mentioned:

“Bitcoin has rebounded somewhat amid frenetic trade of the world’s biggest cryptocurrency,” said Paolo Ardoino, CTO at Bitfinex.

He added:

“These markets will continue to test the leading cryptocurrency exchanges. As always, Bitfinex has demonstrated that its platform and infrastructure are reliable during moments of high volatility. While the growing interest of institutional investors in bitcoin is, of course, very topical of late, it is vital for exchanges and infrastructure providers to be on top of their game and their tech.”

At the time of reporting, Bitcoin is changing hands around 37,400 USD a pop showing a weekly decline of 5.93%. With Bitcoin core’s new version out and with the upcoming Biden stimulus, how do you think the Bitcoin prices are going to be affected? Let us know in the comments below!

Image by Pete Linforth from Pixabay