Bitcoin Core’s Latest Update Promises Major Performance Boost, BTC Price To Rally?

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Crypto News: Bitcoin Core, the reference implementation of the Bitcoin protocol, has unveiled its latest version, 25.0, packed with new features, bug fixes, and performance enhancements. This update brings notable improvements to transaction policies and expands the use cases for smaller transaction sizes.

Bitcoin Core Version 25.0 Released

One significant change in Bitcoin Core version 25.0 is the relaxation of restrictions on non-witness transactions of 65 bytes and above. The mempool and relay policy now allow these transactions, providing a more accurate representation of the protections against CVE-2017-12842, a vulnerability discovered in an earlier version of Bitcoin Core. Furthermore, this adjustment opens up additional possibilities for smaller transaction sizes and facilitates more efficient use of the Bitcoin network.

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Bitcoin Core plays a critical role in determining the validity of transactions and which blockchain should be recognized as the authoritative Bitcoin chain. Users of Bitcoin Core only accept transactions that adhere to the rules of the selected blockchain, making it the preferred choice for the broader Bitcoin community. To stay up to date with the latest developments related to Bitcoin Core, interested individuals are encouraged to visit the official project website.

Growth Of Bitcoin Ordinals

In addition to the release of new updates, the Bitcoin ecosystem has witnessed significant advancements in its ordinal scene. Initially conceived as a means to “inscribe” non-fungible tokens (NFTs) on the smallest denomination of Bitcoin, known as the satoshi, the ordinals protocol has evolved into a versatile platform for creating various types of tokens.

Since its inception in January, the ordinals protocol has undergone rapid maturation, offering users innovative opportunities to tokenize assets and enhance the functionality of the Bitcoin network. With the ability to create diverse tokens, including stablecoins, the ordinals protocol adds further utility to the Bitcoin ecosystem, providing a foundation for innovative financial applications.

With ongoing developments and improvements, the Bitcoin community remains optimistic about the future of the flagship cryptocurrency and anticipates a bullish uptick in its price. In the wake of this crypto news, the price of Bitcoin gained by 1.95% in the past 24 hours as compared to a drop of 1.19% recorded over the last week. At the time of writing, BTC is currently exchanging hands at $26,804.82.

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Updated: 05/26/2023 — 16:00

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