Bitcoin Core 28.0 Released: New Version Promises Enhanced Security and Functionality

The Bitcoin developers say the mainnet has received major bug fixes following the release of Bitcoin Core 28.0. The announcement contains notes explaining the various updates meant to enhance security and functionality.

Bitcoin Core Software Receives Major Updates With Version 28.0 Release

The Bitcoin developers have announced the release of Bitcoin Core Version 28.0, which includes major bug fixes and several new features.

According to an official announcement on Oct 11, Bitcoin Core 28.0 has been tested on several operating systems, including Linux Kernel 3.17+, macOS 11.0+, and Windows 7 and newer. The development team does not recommend using Bitcoin Core on other unsupported systems.

Version 28.0 includes several significant changes, such as adding support for Testnet4 to eventually phase out Testnet3 in future versions. However, users can still access this release through the usual option.

Additionally, the team tweaked the Windows data directory, moving it from “Roaming” to “Local.” Meanwhile, Bitcoin Core will first confirm the existence of the old directory and utilize it for backward compatibility where present.

This new version also sorted the issue of P2P connections binding to Tor connections even when not needed. In previous versions, Bitcoin Core had no option to switch off Tor nodes if not needed. With this, an “option” to switch off is now available.

Also, Bitcoin Core will not start up if its P2P binds fail. Previously, it only aborted startup if all P2P binds failed. Overall, Bitcoin Core permits up to 125 peer connections with 11 outbound connections by default. This guarantees user integration within the Bitcoin ecosystem and supports its decentralized structure.

Bitcoin Price Struggles Amid Geopolitical Tensions

The release of Bitcoin Core Version 28.0 comes as BTC battles with market volatility and selling pressure. While investors had anticipated a bullish performance at the start of October, geopolitical tensions in the Middle Israeli air defense intercepted several Iranian missiles fired at Israel's northern heartland on Oct 10.

The world’s leading digital asset recorded a notable price surge during the last days of September as traders anticipated a rally ahead of the Federal Reserve interest rate cut. However, the gains quickly disappeared as Iranian missiles hit targets in Israel. This stunt caused a price crash from approximately $65,000 to around $60,000.

This wiped out the projections of an “Uptober” rally and the expected effect of the Federal Reserve interest rate cut. Additionally, Bitcoin trades suffered massive liquidation overall.

According to current market data, Bitcoin price has recorded a 0.63% uptick and is currently trading at $62,297. This new shift signal restored investors’ confidence in the market.

Optimism for a Future Bitcoin Price Rally

Although the price rebound is below anticipated projections, Analysts remain optimistic about a rally. They insist that the Uptober rally is yet to come as institutional interests have picked up again after continuous outflows.

Data from Farside Investors shows that Bitcoin ETFs recorded a net inflow of $25.6 million on Friday. While inflows were low or zero throughout the last seven sessions, only Grayscale (GBTC) suffered an outflow of $13.9 million.

Some market watchers also anticipate Wall Street adoption following the recent move by Bitwise asset managers. They predict that the firm’s new strategy of rotating between crypto and U.S. Treasury exposure will attract more investors. The strategy serves as “plan B” for those averse to the high volatility of the crypto space.