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New Version of Bitcoin Core Supports SegWit Addresses

On February 26, 2018, the new version of bitcoin core 0.16.0 was released with complete support for SegWit addresses, p2sh-SegWit, and bech32 addresses.

A new version of Bitcoin Core, version 0.16.0 is out. It supports SegWit as well as legacy,  p2sh-SegWit (default) and bech32 addresses. New functionality will dictate which type of address to generate and use. It is also possible to downgrade after creating a SegWit address if the wallet file is up to date. It is also possible to recover an old backup of SegWit keys using the new software.

With the new functionality, users can generate and send funds to BIP173 addresses including the non-v0 ones. However, wallets created with the latest software update will not work with older software versions of Bitcoin Core.

Wallets created with earlier versions are supporting the new version. However, the new version can create hierarchical deterministic (HD) wallets, and it is not possible to upgrade old wallets to HD.

The update also features many other changes, includes various bug fixes and updated translations. It is available from https://bitcoincore.org/bin/bitcoin-core-0.16.0/

To update to the new version, Windows users will need to shut down the system and run the installer. Mac and Linux users will need to copy specific files on their networks. Those using 0.7.x and earlier versions will need to download afresh while a manual update requires for those using version 0.8.

Regarding performance, a SHA256 assembly is enabling by default. Thus it allows a 50% speedups in SHA256 on supported hardware (namely 5% faster synchronization and block validation).

A detailed description of the changes can be found here https://bitcoin.org/en/release/v0.16.0

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David

David Kariuki is a journalist who has a wide range of experience reporting about modern technology solutions including cryptocurrencies. A graduate of Kenya's Moi University, he also writes for Hypergrid Business, Cryptomorrow, and Cleanleap, and has previously worked for Resources Quarterly and Construction Review magazines.

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