Bitcoin Core Almost Ready with 0.17.0 Version

Bitcoin Core is on track to release the next version, featuring updates in addresses, as well as privacy features.

Bitcoin Core is preparing to release version 0.17.0, the next big release since the adoption of Segregated Witness. While there were talks of a release on September 8, based on the Coindar schedule, the GitHub for the new version shows it is only 95% complete.

The latest Bitcoinops newsletter also points to a release coming soon, although the date may be further away, pending testing of the proposed version.

“Testing is greatly appreciated and can help ensure the quality of the final release,” reminded the newsletter.

Bitcoin’s development is a process that goes behind the scenes and lacks the hype surrounding other projects. While the Bitcoin Cash approach uses fast and dramatic updates to alter the path of the digital asset, Bitcoin Core is more conservative.

One of the possible changes that would increase the privacy of Bitcoin is the so-called “partial spend avoidance”, which leads to the linking of Bitcoin addresses and the breaking of anonymity.

“When an address is paid multiple times the coins from those separate payments can be spent separately which hurts privacy due to linking otherwise separate addresses,” explained Reddit user TipToeThroughCrypto in a thread related to the new Bitcoin version.

Despite the updates, the thread on the new Bitcoin Core version shows that proponents of the leading coin are seeking stronger privacy features that are similar to Monero. At the moment, Bitcoin remains traceable for those willing to track transactions through wallets. However, it is difficult to link a personality with a Bitcoin wallet, and the tracking of transactions is still hampered by pseudonymity.

Bitcoin maximalists still hold the idea that with enough changes, BTC is the only crypto coin needed, displacing the functions of all altcoins. However, Bitcoin remains a coin with limited features compared to the technologies attempted by altcoins. The biggest advantage of BTC remains the extensive testing, as well as the large network of miners, developers, and users.

The expectations of a new version had a limited effect on market prices. BTC had a hard correction starting from September 5, crashing from the $7,300 range down to $6,436.37 as of 12:30 UTC on Friday.