Bitcoin Core 24.0, the latest version of the Bitcoin Core software, was recently released to the public. This new version brings several updates and improvements to the Bitcoin network, including new features and bug fixes. One of the leading security enhancements in Bitcoin Core 24.0 is the introduction of BIP-152, also known as Compact Blocks.
This update allows for faster block propagation across the network, which reduces the risk of a block-withholding attack. A block withholding attack is when a miner chooses not to broadcast a block they have mined, instead keeping it to themselves and potentially mining more blocks.
The risk of a successful block-withholding attack is significantly reduced by reducing the time it takes for blocks to propagate across the network. A detailed study about cryptos is available at the https://trustpedia.io/
Enhancements to Security in BTC Core 24.0
We can also include several features and improvements with Bitcoin Core 24.0 enhancements to security. These enhancements are designed to protect users’ funds and ensure the Bitcoin network’s integrity. The security enhancement in Bitcoin Core 24.0 is the addition of BIP-157, also known as Compact Filters.
This update allows for the creation of compact filters that can efficiently check whether a transaction is included in a block. It can help protect users from transaction replay attacks, where an attacker attempts to broadcast a transaction multiple times to steal funds.
By using compact filters, light clients can quickly and easily verify that a transaction has been included in a block without downloading the entire blockchain. Bitcoin Core 24.0 also includes a number of code changes that improve the software’s overall security.
For example, the software now consists of a new transaction fee estimator to help users determine the appropriate fee for their transactions. It can help to prevent transactions from being delayed or lost due to low prices. Additionally, the software includes new features, such as using the Tor network for added privacy and security.
The Core Improvement
We can see Bitcoin Core 24.0 includes several security enhancements designed to protect users’ funds and ensure the integrity of the Bitcoin network. The introduction of BIP-152 and BIP-157, along with the other security improvements, makes the network more robust and resistant to attack.
Furthermore, the new privacy features, such as the Tor network, will provide users with an additional layer of security and protection. It’s important to note that even though the core developers are constantly improving the network’s security, users should also take security measures, such as using a hardware wallet and keeping their private keys safe.
Compact Blocks
One of the most notable new features in Bitcoin Core 24.0 is the introduction of BIP-152, also known as Compact Blocks. This update allows for faster block propagation across the network, resulting in more immediate transaction confirmations. It is achieved by transmitting the differences between blocks rather than the entire block. It can significantly reduce the bandwidth required to propagate blocks, making the network more efficient.
Compact Filters
The other significant new feature in Bitcoin Core 24.0 is the introduction of BIP-157, also known as Compact Filters. This update allows for the creation of compact filters that can efficiently check whether a transaction is included in a block. It can be helpful for light clients, such as mobile wallets, who need to verify transactions without downloading the entire blockchain.
Bugs improvement
In addition to these new features, Bitcoin Core 24.0 includes several bug fixes and performance improvements. One of the most significant bug fixes is resolving a problem that could cause the software to crash when parsing certain malformed blocks. This issue has been resolved, making the software more stable and reliable.
Another notable improvement in Bitcoin Core 24.0 is the initial block download time reduction. It has been achieved by optimizing how the software handles block headers and reducing the number of disks reads required to validate blocks. It can significantly speed up blockchain synchronizing for new users.
Bitcoin Core 24.0 also includes several changes to the UI. For example, the software now consists of a new transaction fee estimator to help users determine the appropriate fee for their transactions. It helps ensure that transactions are confirmed promptly without paying more than necessary.
Wrapping up
In conclusion, Bitcoin Core 24.0 is a significant release that brings several new features and improvements to the Bitcoin network. The introduction of BIP-152 and BIP-157, along with the bug fixes and performance improvements, make the web more efficient and reliable. Additionally, the user-friendly improvements make the software more accessible to users, helping to promote Cryptocurrency adoption and mainstream acceptance. It’s worth mentioning that a group of volunteer developers, independent of any company or organization, develops Bitcoin Core software.