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HomeNewsBitcoin Core 27.0 released, Last Update Before Halving that Reduces Block Reward...

Bitcoin Core 27.0 released, Last Update Before Halving that Reduces Block Reward to 3,125 Bitcoins

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  • Update removes old libbitcoinconsensus library, introduces new formats for better third-party application integration.
  • BIP324 v2 becomes the default protocol to enhance blockchain network interactions, fallback to v1 if issues arise.

The Bitcoin Core team has released version 27.0 of their software, which is crucial for operating Bitcoin nodes

This update is the last one before the upcoming halving event that will reduce the block reward to 3,125 Bitcoins. This latest version is now accessible on the project’s GitHub repository.

Version 27.0 sees the removal of the libbitcoinconsensus library, which has been part of the software for over a decade, and introduces new formats to enhance compatibility with third-party applications. 

Related: Preparing for Bitcoin halving: Exploring the impact of supply shock.

It also establishes BIP324 v2 as the standard transport protocol, improving network interactions within the blockchain. If there are issues with v2, the system will revert to the previous version, v1.

Further improvements include modifications to the Bitcoin mempool that enhance its functionality. Additionally, the update removes support for external signing on Windows to bolster security measures.

Meanwhile, the price of Bitcoin has experienced a downturn, recently recording a seven-week low of $60,120. This represents an 11% decline over the last week, leading to more than $70 million in market liquidations. 

The price drop comes at a time when the Bitcoin community is anticipating the effects of the halving on cryptomarket

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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