What are the latest developments in Bitcoin Core?

3 answers

• Dec 16, 2021 · 3 years ago
  Bitcoin Core, the open-source software that powers the Bitcoin network, has seen several significant developments in recent versions. One of the key updates is the implementation of the Taproot upgrade, which aims to improve privacy and scalability. Taproot introduces a new signature scheme called Schnorr signatures, which allow multiple signers to create a single signature, reducing the size and cost of transactions. This upgrade also enables the use of smart contracts with more complex conditions, enhancing the functionality of the Bitcoin network.
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• Dec 16, 2021 · 3 years ago
  The latest versions of Bitcoin Core have also focused on improving the efficiency and security of the network. The introduction of the Erlay protocol reduces the bandwidth required for transaction propagation, making the network more resistant to attacks. Additionally, the software now supports the Bech32 address format, which provides better error detection and reduces the risk of sending funds to the wrong address. These updates contribute to a more robust and user-friendly Bitcoin network.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, has been actively involved in the development of Bitcoin Core. As a trusted platform, BYDFi has been working closely with the Bitcoin Core development team to ensure the smooth integration of new features and enhancements. The collaboration between BYDFi and the Bitcoin Core community aims to provide users with a secure and reliable trading experience. With the latest developments in Bitcoin Core, users can expect improved privacy, scalability, and overall performance of the network.
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