Bitcoin Core 28.0 Released: New Update Enhances Security and Privacy While Supporting Reproducible Builds

The Bitcoin (BTC) development team has announced the launch of the Bitcoin Core 28.0 version as part of its extensive plans of subjecting the BTC mainnet to performance improvement and fixing major bugs to maintain decentralization.

Bitcoin (BTC) development team has announced the launch of Bitcoin Core 28.0 as part of its broader plans to subject the BTC mainnet to performance improvement and major bug fixes to maintain decentralization. This update will reportedly enhance user security and privacy without compromising the program’s functionality.

Bitcoin Core 28.0 has been released!

Welcome Testnet4 ?https://t.co/LZDKhXy7KF

— Jameson Lopp (@lopp) October 5, 2024

More on the Update

Delving into the background of this development, CNF observed that last month, Bitcoin developers discovered and issued warnings about a critical vulnerability and software bug that was affecting 16.66% of all BTC nodes (one in every six Bitcoin nodes). This vulnerability reportedly paved the way for malicious actors to stage DDoS attacks by primarily targeting and exhausting nodes that had low-difficulty header chains.

To patch this loophole, developers designed this latest version with an extra layer of security enhancement with relatively high system requirements. This implies that up to 125 peer connections and 11 outbound connections would be permitted. In this case, users will be able to stay integrated within the Bitcoin network and contribute to its decentralized structure.

Another addition to the BTC Core 28.0 update is a feature that supports reproducible builds. From our research, this enables advanced users to compile identical binaries independently, in addition to those distributed on the BTC Core official website. In the long run, this will reportedly improve trust and transparency within the community.

Amid the backdrop of these critical updates, the price of Bitcoin is attempting to stage a bullish reversal after geopolitical tensions triggered severe liquidation in the market as we reported earlier. At press time, the asset was trading at $62.1k after surging by 0.92% in 24 hours.

Bitcoin Price Analysis

In the latest analysis by crypto analytics firm CryptoQuant, it was observed that the daily moving average of Bitcoin has temporarily moved above the weekly average. This signifies a short-term bullish potential, as interpreted by our analysts.

On the other hand, another analyst, Benjamin Cowen, pointed out that the asset’s failure to overcome an upper trendline formed since March could lead to a 32% correction to the lower trendline. In this case, Bitcoin might drop to around $42k.

If Bitcoin is rejected up here [upper trendline] again and it comes down again then you have to look at this trend line down here [lower trendline] again and if you look at the bottom part of this trend line let’s say by December….it would put the price of Bitcoin right around $42,000.

Adding to this, Cowen disclosed that failure to break the lower high structure could position the price to the 100-week moving average where Bitcoin established support in the fourth quarter of 2019 (Q4 of 2019) and the first quarter of 2016 (Q1 of 2016).

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