Share this article

New Bitcoin Core Release Gives Boost to Block Relay Network

The latest software release from the Bitcoin Core development community provided a boost to a network aimed at broadcasting blocks more quickly.

Updated Sep 11, 2021, 1:09 p.m. Published Mar 10, 2017, 4:25 p.m.
Relay

The latest software release from the Bitcoin Core development community provided a boost to a network aimed at broadcasting transaction blocks more quickly around the world.

The Fast Internet Bitcoin Relay Engine, or FIBRE, was unveiled last summer as successor to the earlier Bitcoin Relay Network. Previously described as a kind of "nervous system" for the network, the concept at its heart seeks to enable miners to gain access to block data more quickly, helping them avoid creating orphan blocks, for one.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

As shown on GitHub, FIBRE got some bug fixes along with its first release tied to Core's latest software version. But according to Core contributor Matt Corallo, it was work connected to compact blocks – as well as development related to how efficiently nodes on the network can transmit data – that resulted in a boost to FIBRE’s ability to move block information worldwide.

Corallo explained:

"One of the key stats I track is reliability of sources for given miners. eg if Bitfury finds a block in Georgia, and my public network receives the block via some node that is in the US, that’s a pretty good indicator that something is amiss and there is room for optimization. Even worse, if I don’t receive the block reliably from the same nodes every time, that’s a pretty good indicator that the block is taking a hop somewhere else before I get it, again, room for optimization."

Corallo went on to say that he has “noticed a remarkable improvement here” since the shift to 0.14.0 began.

"Bitfury is especially noticeable, but also my block sources from a few of the Chinese pools have gotten much more stable," he added.

Image via Shutterstock

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

More For You

Gold in “extreme greed” sentiment as it adds the entire bitcoin market cap in one day

Gold (Unsplash/Zlataky/Modified by CoinDesk)

Bullion ripped past $5,500 and sentiment gauges hit “extreme greed,” while bitcoin stayed pinned below $90K — a split that’s getting harder to ignore.

What to know:

  • Gold’s surge above $5,500 an ounce has taken on the feel of a crowded trade, with its notional value jumping about $1.6 trillion in a single day.
  • Sentiment gauges such as JM Bullion’s Gold Fear & Greed Index are signaling extreme bullishness in precious metals, even as similar crypto indicators remain stuck in fear.
  • Bitcoin is lagging despite the “hard assets” narrative, trading like a high-beta risk asset while investors seeking a store of value are favoring physical gold and silver over digital tokens.