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Bitcoin Core 25.0 Hits The Market: A Sneak Peek Into The Future

Bitcoin Core has now rolled out Version 25.0. The most recent update includes numerous new features, bug fixes, performance enhancements, and translation updates.

Bitcoin Core, the reference implementation of the Bitcoin (BTC) protocol, is indispensable to the operation and security of the Bitcoin network.

BTC responded positively to the news of the upgrade. At the time of writing, BTC is exchanging hands at $28,009, up 3.2% in the last 24 hours, according to data from cryptocurrency market tracker Coingecko. The crypto has been on the uptrend by nearly 5% in the last seven days.

This update introduces significant enhancements to transaction policies and expands the use cases for transactions with reduced sizes.

The most recent version of the full node client enables users to verify transactions, store a copy of the blockchain, and partake in the consensus procedure.

Peer-to-Peer (P2P) and network modifications, new Remote Procedure Calls (RPCs) that will ensure quick wallet rescans, and updated RPCs are notable modifications.

Mempool and relay policies now enable transactions with non-witness sizes of 65 bytes or more.

Bitcoin Core: At A Glance

Bitcoin Core is a software application that facilitates the utilization and interaction with Bitcoin. As the canonical reference implementation of the Bitcoin protocol, it is the version of the software that is most widely recognized and trusted.

Consider Bitcoin Core to be the “brain” of Bitcoin. It facilitates the creation and administration of digital wallets, which are similar to virtual bank accounts for storing and transmitting Bitcoins.

In addition, it links users to the Bitcoin network, a decentralized network of computers that combine to confirm and record Bitcoin transactions.

Bitcoin Core is built to be secure and trustworthy. It employs cryptography to safeguard your transactions and Bitcoins. It also includes a built-in wallet and an intuitive interface, making it simpler for users to manage their Bitcoins.

Optimistic On Future Of Bitcoin

The update appears to be timely, coming at a time when the Bitcoin network was required to tackle scalability and transaction performance difficulties created by the emergence of Ordinals.

Bitcoin Core, which is now available on GitHub, is extensively evaluated and supported on Linux, macOS 10.15 and Windows 7 and newer versions.

Although it should also function on other Unix-like systems, it is not tested as frequently and is therefore not recommended for unsupported platforms.

As a result of ongoing developments and enhancements, the Bitcoin community remains positive on the future of the leading cryptocurrency and expects an increase in its price.

-Featured image from Bitnovo Blog

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Bitcoin.org Hacked By Scammers For A Few Minutes. Someone Sent Them 0.4 BTC

Hackers took over the Bitcoin.org website and displayed the classic double your money scam for a few minutes today. Apparently, it was a DNS hack. Luckily, the Bitcoin community took notice and alerted Cobra, the pseudonymous website owner, as well as the company that hosted the domain. A few minutes later, Bitcoin.org was down. Sadly, a credulous person was faster than them and sent 0.4 BTC to the displayed address… or did he?

Someone sent half a bitcoin🤦‍♂️ pic.twitter.com/pnyJIHJZIN

— Harrison Bergeron (@coinableS) September 23, 2021

The transaction exists, but there’s a rumor that it might’ve been the scammers themselves, trying to make the operation look reputable. Just like a busker who put some change in his hat to encourage others to contribute. However, that’s just a rumor. Someone might’ve been scammed.

Related Reading | Old Bitcoin Miner Proves Craig Wright has No Access to 145 Tulip Trust Addresses

In any case, everybody else should thank Matt Corallo, a Bitcoin Core contributor who took it upon himself to contact the domain name registrars and managed to convince them to temporarily take down the site before some catastrophe happened. 

Namecheap to the rescue, thanks y'all https://t.co/HfmQVvUDt9

— Matt Corallo (@TheBlueMatt) September 23, 2021

What Does The Bitcoin.org Owner Think About All Of This?

When Cobra announced the Bitcoin.org hack, he or she said, “Currently looking into how the hackers put up the scam modal on the site.” So far, there’s no information on that. Cobra also said that Bitcoin.org “May be down for a few days,” but luckily that wasn’t necessary.

https://t.co/OsFgRFRRZb has been compromised. Currently looking into how the hackers put up the scam modal on the site. May be down for a few days.

— Cøbra (@CobraBitcoin) September 23, 2021

Earlier in the day, Cobra contacted via Twitter their new hosting company Cloudflare and told them that the website has never been hacked, and now that he moved to their servers, this happened. The company responded, and eventually, the original tweet disappeared.  

BTC price chart for 09/23/2021 on Bittrex | Source: BTC/USD on TradingView.com
Does This Have Anything To Do With Craig Wright AKA Faketoshi Nakamoto?

A few months ago, both Cobra and Bitcoin.org made worldwide news. Craig Wright, Australian entrepreneur and Satoshi Nakamoto cosplay artist, got a UK court to order the website to remove the Bitcoin Whitepaper from its servers. At the time, Yahoo! finance informed:

“Cobra, the pseudonymous creator of the Bitcoin.org website, has been ordered by London’s High Court to discontinue hosting its copy of the Bitcoin white paper.

Citing copyright infringement brought forward by nChain Chief Scientist Craig Wright, the judge had no option but to rule a default judgment because Cobra chose not to make an appearance.”

https://t.co/yc0aKbZcer is Hacked by Scam. pic.twitter.com/2qmRMS2lJh

— Wu Blockchain (@WuBlockchain) September 23, 2021

Does the hack have anything to do with Craig Wright? There’s not a single clue to indicate that, but, rumors are flying. He’s the only one incentivized to attack Bitcoin.org, they say. However, 0.4 BTC is a pretty great incentive. Maybe the scammers were just interested in scamming.

Related Reading | Craig Wright Wins Lawsuit On Bitcoin.org Hosting Bitcoin Whitepaper

In any case, to close all the loops, Yahoo quotes Cobra explaining why he chose not to make an appearance in court:

“Unfortunately the court rules allowed for me to be sued pseudonymously, however, I couldn’t defend myself pseudonymously. So I was put in an impossible situation of losing my privacy or losing the case in a default judgment.”

So, to sum it all up, Bitcoin.org is back up again and no one scammed you. All is well that ends well. 

Featured Image: Screenshoot from the hacked website | Charts by TradingView