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What has changed after Bitcoin’s first update in 4 years?
Bitcoin has been updated for the first time in 4 years
More transaction privacy and efficiency with allow more direct transactions and smarter contracts.
The founder of a bitcoin-focused venture firm says the update matters “because it opens a breadth of opportunity for entrepreneurs interested in expanding bitcoin’s utility”.
The latest update has gained much more support in comparison to the last update in 2017.
Digital multi-signature transactions will be unreadable making complex and basic ones undistinguishable.
These smart contracts will now have more functions, from paying your monthly rent to registering your vehicle.
The update was planned to rollout in June but has been delayed by 5 months.