Bitcoin Network Shows Signs of Improvement with Updated Core Versions
The performance improvements in bitcoin network have reduced the number of Orphan Blocks created on the Bitcoin network. The latest version of Bitcoin Core software has brought a lot of improvement in the performance of the Bitcoin network. Bitcoin Core version 0.12.1 was released earlier last month with lots of new features supporting scalability of Bitcoin network in the near future. With Bitcoin companies gradually upgrading to the newer and updated versions of Bitcoin Core, there has been a significant decrease in the number of Orphan Blocks in the network. According to available data,....
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Bitcoin Improvement Proposals (BIP) are proposals for making change to the Bitcoin network. These proposals on the blockchain are activated after gaining the required consensus from the Bitcoin community. While it is a standard practice for Bitcoin Core developers to introduce BIPs, these may require more than just technical expertise to ensure positive growth of Bitcoin as a currenc. Over the past two years, a number of Bitcoin Improvement Proposals have been put forth by various members of the Bitcoin community. These proposals call for the block size to be increased from anywhere....
Lately, the community has been keeping a warm discussion around what should be the updates implemented to the bitcoin core. Many developer teams have been presenting and working on their own versions of the new release. Now a new Bitcoin Core Candidate Release has been announced and Binaries for the Bitcoin Core version 0.11.2rc1 are now available. Release candidates are test versions for releases that are launched in beta versions to be tested. This is a release candidate for a new version release to update the bitcoin core software. It aims to implement security and bug fixes, the BIP65....
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....
Bitcoin.org announced that the new bitcoin core version 0.11.0 is already ready for downloading. Users may also opt to upgrade the previous 0.10.0 version to access new features and implement bug fixes. To upgrade, users simply need to shut down the older version then run the installer, which is compatible for both Windows and Mac. Downgrading to older versions are still possible but there might be compatibility issues with versions earlier than 0.10.0 because of the headers-first synchronization and parallel block download features. Bitcoin Core Version Changes. In particular, downgrading....
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....