Bitcoin News: Bitcoin Core 28.0 Launches With Major Improvements

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As a seasoned researcher who has closely followed the Bitcoin ecosystem for years, I find the latest update to Bitcoin Core 28.0 quite intriguing. The focus on enhancing security and privacy features is a testament to the evolving nature of this groundbreaking technology. The patching of the high-risk vulnerability that had been causing concern among many in the community is a significant step towards ensuring the network’s integrity.

This week, it was announced that the Bitcoin development team has unveiled Bitcoin Core Version 28.0, which includes significant bug fixes and performance enhancements for the Bitcoin mainnet. It’s important to note that Bitcoin Core is a crucial program within the Bitcoin ecosystem, as it contributes to maintaining its decentralized nature.

Bitcoin Core 28.0 Version Brings Higher Security

The team responsible for developing Bitcoin (BTC) has released a summary detailing various improvements aimed at enhancing the software’s performance and security. This latest version particularly emphasizes the integration of additional security and privacy options for the users, alongside addressing existing issues through bug fixes.

Bitcoin Core 28.0 has been released!

Welcome Testnet4

— Jameson Lopp (@lopp) October 5, 2024

Last month, the BTC developers issued a warning about a high-risk vulnerability and a software bug that was affecting one in every six Bitcoin nodes. The vulnerability allowed malicious actors to launch a DoS attack by exhausting nodes with low-difficulty header chains. This would need the nodes to download long chains exceeding their bandwidth thereby ultimately resulting into its potential crash.

In the most recent update, the Bitcoin Core team has fixed a vulnerability and added further security improvements. Earlier in August, the BTC Core incorporated new security recommendations to maintain the safety of the protocol as its usage continues to expand.

Apart from this latest release, the BTC Core 28.0 version incorporates a reproducible build function. With this feature, skilled users can compile binaries that are identical to those available on the official BTC Core website. This functionality enhances trust and transparency within the Bitcoin community by ensuring consistency and authenticity in software distribution.

It’s worth noting that Bitcoin Core, as opposed to other Bitcoin software, has a relatively high set of system requirements. By design, it can handle up to 125 connections with other nodes in the network, with 11 of those being outgoing. This robust connectivity helps keep users connected within the Bitcoin network, thereby supporting its decentralized nature.

Where’s BTC going Next? $50K or $70K?

Starting in October, the price of Bitcoin has faced significant selling, dropping as low as $60,000 and then rebounding above $61,000. Interestingly, during this market trend, large Bitcoin holders (referred to as “whales”) appear to be less inclined to cash out their profits compared to previous cycles. This suggests a high level of confidence among long-term investors who are anticipating potential price increases up to $70,000.

If the current surge in Bitcoin prices marks the end of its bull run, it’s notable that whales have taken the least amount of profits compared to any previous cycles in history.

— Ki Young Ju (@ki_young_ju) October 4, 2024

Meanwhile, certain market analysts are forecasting that the BTC price might initially fall to around $57,000 before resuming its upward trajectory. Yet, if the bulls successfully regain control over the important support level of $63-$64k, they could then aim for a continuation towards $70K.

A counterargument to my calls for $BTC $57k before $70k is this 4h channel.
If #Bitcoin can reclaim $63-$64k, we can start talking about sweeping the $69-$70k shorts.
If it can’t and these support levels start to fail, $57k becomes the target.
— Justin Bennett (@JustinBennettFX) October 4, 2024

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2024-10-05 09:16