Bitcoin Core received a major update
The famous digital currency Bitcoin Core regularly makes major updates to its own work. And we, of course, cannot fail to mention the innovations that have found their place in the functionality of Bitcoin Core. It is possible that the adopted changes will please the users of the coin or encourage new crypto enthusiasts to master this interesting platform. So, without further ado, let’s get started.
What was added to the coin
To be fair, it’s worth noting that Bitcoin Core has been making headlines in a rather negative light lately. Just a month ago, we wrote about a vulnerability found that, in theory, could put an end to the entire coin. Nevertheless, the developers quickly explained the situation, assured users that their data was safe, and continued to create new solutions. However, today’s updates do not come from the creators of the coin. But from independent users who have independently developed quite significant innovations in their favorite cryptocurrency. Special mention should be made of Peter Welle, who created the request to connect new technologies. More than 200 developers have already studied the application code. Apparently, there are no serious changes. So we can confidently say that new solutions will be added to Bitcoin Core. What is this technology? Let’s tell you now.
First of all, it is necessary to touch upon the Schnorr signatures. The well-known digital signature algorithm is now coming to Bitcoin Core. The event is truly significant. In fact, such signatures are analogous to currently working multisignatures. But with the difference that Schnorr signatures further increase the scalability of the system, and also increase the privacy of the cryptocurrency. The second most important is the implementation of Taproot technology. It is a unique mechanism that analyzes and optimizes user spending. The functionality can be useful for large traders who find it difficult to keep track of their own spending. In some circumstances, the implemented algorithm can even help with the recovery of coins. That is, the innovations are really useful and, one might say, global.
When to wait for the Bitcoin Core update?
As already mentioned, at the moment the package of functionality is only submitted for consideration. Third-party programmers analyze changes in the project, and therefore there is simply no specific time frame during which the launch of technologies will begin. But we have no doubt that such interesting innovations will quickly find support from the audience and begin to function. In general, Bitcoin Core, even taking into account the past scandals, is developing quite actively. It’s worth remembering the optimization update, which we also reviewed last month. All these innovations really strengthen Bitcoin Core as a reliable payment instrument. That is why we strongly recommend that you take a closer look at this cryptocurrency if you have not worked with a coin before. It is quite possible that Bitcoin Core will solve your problems.
The main thing is to stay abreast of all industry events. After all, it is possible that tomorrow Bitcoin Core will find a new vulnerability that will completely change the market status of this currency asset. If something changes with the coin or other aspects of the cryptoindustry, we will let you know. Follow all the news from the world of Blockchain and cryptocurrencies with us. We publish only high-quality and interesting material. Thank you for attention. Good luck!