Bitcoin Core Version 25.0 Goes Live, What Should You Expect Next

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Bitcoin development activity was on a downward trend towards the end of March. BTC reacted favorably to news of the upgrade, registering gains of 1.03% at press time.

The latest version of Bitcoin [BTC] Core, version 25.0, was released on May 26, which included a host of new features, bug fixes, and performance improvements.

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BTC reacted favorably to news of the upgrade, posting gains of 1.03% to trade at $26,712.55 at press time, data from CoinMarketCap showed.

What does Bitcoin Core 25.0 bring to the table?

One of the most notable improvements was support for witnessless transactions of 65 bytes and larger. This opened up additional use cases for smaller transaction sizes and improved protection against CVE-2017-12842, a vulnerability discovered in an earlier version of Bitcoin Core.

Additionally, new remote procedure calls (RPC) scanblocks have been introduced as part of the upgrade, which will ensure fast wallet rescans. RPC node is a type of computer server that allows users to read data on the blockchain and send transactions to different networks.

As for RPC updates, all JSON-RPC methods will accept a new parameter called “args”, which will make it easier to pass certain parameter values.

Bitcoin Core is the original Bitcoin network client software. It allows users to configure their node on the blockchain and verify transactions sent by other users.

Bitcoin Core is open source software, so anyone can view and submit upgrades. A single company or organization does not own it, but rather a global development community that maintains and reviews it.

Investors were divided

BTC development activity has been on a downtrend since late March, with a slight recovery seen over the past week, according to data from Santiment. Developer activity is a crucial indicator for measuring the growth of a blockchain network’s potential. A drop may suggest that future improvements may be delayed, affecting network adoption.

After surging earlier this week, weighted sentiment for BTC has fallen to neutral levels at the time of writing. This indicated that investors were not uniformly aligned to a single view of the market.

Source: Santiment

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Another wave of intense chain activity is approaching?

May 2023 turned out to be a peak month for Bitcoin network traffic. Notably, daily transactions have reached unprecedented levels. Although traffic had slowed down over the past couple of weeks, there were enough hints that Bitcoin was gearing up for another surge in activity.

Daily active addresses hit a 3-week high on May 26, according to Santiment. Moreover, the number of daily transactions has also increased.

Source: Santiment

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