BITCOIN CORE 0.10 BRINGS FASTER SYNCING, TX FEE CHANGES, WATCH-ONLY MODE AND IMPROVED SECURITY
Even though the official patch notes for Bitcoin version 0.10 have been released nearly a week ago, not everyone is up to date on what is being changed exactly. The new Bitcoin Core release is a major update and a lot of things are being changed and improved, including network synchronization, transaction fees, signing security and many other things. Let’s do a quick recap of what we think are some of the most important changes.
CHANGES TO BITCOIN TRANSACTION FEES
One of the changes most users will notice is the change in Bitcoin transaction fees. Bitcoin Core v0.10.0 will automatically estimate the high/low transaction fees required to confirm a transaction quickly. Default settings will ensure quick confirmations, but it is worth the time to check out the ‘txconfirmtarget’ setting in your Bitcoin client’s debug console.
In past Bitcoin Core releases, one of the major complains was the fact that 6 confirmations could take anywhere from 10 minute sup to several hours. This caused annoying delays, especially where digital currency exchanges are concerned. With the new Bitcoin Core release, these kind of issues should be removed completely.
This post was published at Crypto Articles on January 18, 2015.