Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

New Version of Bitcoin Core 0.16.1 Released

written by

New Version of Bitcoin Core 0.16.1 Released

Support free journalists: > send a tip

A new version of Bitcoin Core, 0.16.1, has been officially released by a group of 19 Bitcoin Core developers on 15 June 2018. This is the first update to Bitcoin Core since 0.16.0 in February 2018 which implemented full support for Segregated Witness (SegWit) to fit more transactions into blocks and reduce transaction fees.

In this update, the “blockmaxsize” option has been removed, and now miners should use “blockmaxweight” if they want to limit block size. Several other bugs are fixed in addition to some policy and documentation changes which can be found in the PGP signed 0.16.1 release notes. Basically, there aren’t any major changes to Bitcoin Core with this release, but it is important to be running the latest software, so Bitcoin Core users should update to 0.16.1.

Bitcoin Core is the technology that actually runs the Bitcoin network, each computer that runs Bitcoin Core is considered a node, and the more computers that run Bitcoin Core the more decentralized Bitcoin becomes. Currently, 10,000 computers are running Bitcoin nodes in the entire world, a surprisingly low number.

Bitcoin Core is perhaps the best wallet software to use since it downloads the entire blockchain making it fully self-sufficient, so if a user has an internet connection with a fully downloaded Bitcoin Core, they will be able to transact bitcoins and don’t have to worry about 3rd party servers malfunctioning or going offline. It gives full control of the private key to users without storing the private key anywhere else, which is essential for keeping Bitcoin safe.

46% of nodes are running version 0.16.0, 22% are running 0.15.1, and 2.5% are running the newly released 0.16.1. Wallets running Bitcoin Core 0.16.0 and 0.16.1 are not backward compatible with earlier versions, so wallets created with this software will not work in older versions of Bitcoin Core. However, wallets created by older versions are not affected.

The Bitcoin Core developers that contributed to 0.16.1 include 251, Ben Woosley, Chun Kuan Lee, David A. Harding, e0, fanquake, Henrik Jonsson, Jeremy Rand, Jessy Cohen, John Newbery, Johnson Lau, Karl-Johan Alm, Luke Dashjr, Marco Falke, Matt Corallo, Pieter Wuille, Suhas Daftaur, Tamas Blummer, and Wladimir J. van der Laan.

Follow on Twitter at @BitcoinNewsCom

Telegram Alerts from at

Image Source: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter