Cryptocurrencies

Bitcoin Launches Significant Core 28.0 Update: What’s New?

The Bitcoin development team has released a significant update to their protocol, now known as Bitcoin Core 28.0, nearly six months after the previous version, Core 27.0. This latest version brings enhancements and bug fixes aimed at improving functionality and security on the Bitcoin mainnet.

### Enhancing Security and Privacy

This week, the Bitcoin development team shared release notes detailing several updates intended to bolster the software’s overall performance and security. Bitcoin Core 28.0 introduces upgraded privacy features alongside the improvements and bug fixes. This update follows a recent alert to the public regarding high-risk vulnerabilities and a software bug affecting approximately one-sixth of all Bitcoin nodes. These vulnerabilities left nodes prone to denial-of-service (DoS) attacks, where an attacker could overload the nodes with low-difficulty header chains.

These attacks could potentially lead to crashes as the nodes attempted to download extensive chains that exceeded their bandwidth. With the new security enhancements in Bitcoin Core 28.0, these issues have been addressed, significantly improving node resilience. Furthermore, this update supports reproducible builds, enabling experienced users to compile identical binaries to those provided through official means, fostering greater trust and transparency within the Bitcoin community.

### Recent Price Movements

On September 18, the price of Bitcoin experienced a notable shift following a 50-basis-point rate cut announcement by the Federal Reserve. This pushed the cryptocurrency above the $60,000 mark after several days of trading below that level. However, shortly thereafter, the price fluctuated and began trading sideways.

Recently, Bitcoin approached $62,000 but has struggled to maintain sustained upward momentum, even in light of new employment data released in the U.S. Currently, it is trading at approximately $62,121.25, reflecting a 1.65% increase over the past 24 hours, according to market data.

While the effects of the Bitcoin Core update may not be immediately apparent, there is potential for it to positively influence the overall performance of Bitcoin as investors begin to factor these enhancements into their considerations.

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