Bitcoin Core 0.12.1 Released, Major Step Forward for Scalability
Bitcoin Core 0.12.1 was released early this morning and the update includes several changes that have huge implications for Bitcoin scalability. The release deploys the first soft fork on the Bitcoin network to use the methodology outlined in BIP 9 (Version Bits), which allows multiple soft forks to take place at the same time. The three BIPs (BIP 68,....
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The recently released Bitcoin Core version will soon be implemented by the bitcoin mining pools as they take necessary steps to ensure smooth transition. The Bitcoin Core has received an upgrade. The new update- Bitcoin Core 0.12.1 will soon be incorporated by all the mining pools. Unlike other updates, the Bitcoin Core 0.12.1 is more focused towards improving the scalability of the Bitcoin network. Some of the main features of this new update include support for four different Bitcoin Improvement Proposals – BIP 9, BBIP 68, BIP 112 and BIP 113. The inclusion of these new BIPs makes....
Bitcoin Core has announced the release of a new update, Bitcoin Core 0.12.1. Focusing on scalability, this follows the “Capacity Increases Roadmap” they detailed December 23rd of last year, with Aprils focus to “deploy segregated witness (including Blocksize increase)” according to the table taken from the Bitcoin Core website below. The release comes during a contentious time for Bitcoin as there are multiple side of an ongoing debate to increase the block size from 1 mb to 2 mb or larger. Multiple changes have been detailed that laid groundwork for the Lightning Network, a scalable....
On February 16th, 2015, version 0.10.0 of Bitcoin Core was released. This update brings a whole new set of features and changes to improve the way Bitcoin Core is used. Upgrading is easy. First, you will be asked to shut down a previous versions that are running, if applicable. Then, run the new installer, and you are good to go. Do note that because the new release takes advantage of headers-first synchronization and downloading blocks in parallel, it is not backward compatible with older versions of Bitcoin Core. Like mentioned above, the new Bitcoin Core version 0.10.0 is a major....
Based on block size voting results, only 27.94% of the community is in favor of the Bitcoin Core solution. The Bitcoin ecosystem is divided into multiple camps. With the lingering scalability issues, and other proposals representing an immediate solution to this problem, there is an interesting mid shift taking place. As it turns out, the majority of miners is still supporting Bitcoin Core in the block size debate. But they are losing ground at a rapid pace. Right now, there are different proposals on the table to solve the Bitcoin scalability issue. One thing everyone seems to agree on is....
Taproot activation is a fantastic step forward for the Bitcoin network in terms of security and scalability.