This week, the Bitcoin development team announced the launch of the Bitcoin Core 28.0 version bringing along major bug fixes and performance improvements to the BTC mainnet. As we know, the Bitcoin Core is a critical program within the BTC ecosystem that helps in maintaining decentralization.
Bitcoin Core 28.0 Version Brings Higher Security
The BTC development team has published the release notes outlining several updates designed to boost the program’s functionality and security. Along with the bug fixes, the recent update focuses on introducing more security and privacy features for the users.
Bitcoin Core 28.0 has been released!
Welcome Testnet4 😁https://t.co/LZDKhXy7KF
— Jameson Lopp (@lopp) October 5, 2024
Last month, the BTC developers issued a warning about a high-risk vulnerability and a software bug that was affecting one in every six Bitcoin nodes. The vulnerability allowed malicious actors to launch a DoS attack by exhausting nodes with low-difficulty header chains. This would need the nodes to download long chains exceeding their bandwidth thereby ultimately resulting into its potential crash.
With the latest version update, the Bitcoin Core developers have patched this vulnerability along with additional security enhancements. Back in August, BTC Core integrated new security advisories in order to keep the protocol safe amid the growing adoption.
In addition to this update, the BTC Core 28.0 version supports reproducible builds that allow experienced users to compile identical binaries along with those distributed on the BTC Core official website. This feature helps to boost trust and transparency within the BTC community.
The good thing is that Bitcoin Core has relatively high system requirements compared to other Bitcoin software. By default, it allows up to 125 peer connections, with 11 outbound connections. This connectivity ensures that users stay integrated within the Bitcoin network, contributing to its decentralized structure.
Where’s BTC going Next? $50K or $70K?
Since the beginning of October, the Bitcoin price has come under strong selling pressure moving all the way to $60,000 before recovering back past $61,000 levels. However, amid the current cycle, it seems that BTC whales have shifted to the least profit-taking so far. This shows confidence among long-term holders who are eyeing a potential upside of $70,000.
If this #Bitcoin bull cycle is done here, whales have just set a record for the least profit-taking across all cycles ever. pic.twitter.com/tx5GCKDnp4
— Ki Young Ju (@ki_young_ju) October 4, 2024
On the other hand, some market analysts are predicting that the BTC price first needs to take a dip to $57,000 before resuming the uptrend. However, if the bulls manage to reclaim the crucial support zone of $63-$64k, they can start a further journey to $70K.
A counterargument to my calls for $BTC $57k before $70k is this 4h channel.
If #Bitcoin can reclaim $63-$64k, we can start talking about sweeping the $69-$70k shorts.
If it can’t and these support levels start to fail, $57k becomes the target. pic.twitter.com/xefdqEOFjn
— Justin Bennett (@JustinBennettFX) October 4, 2024
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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