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Understanding Peer-to-Peer Connections in Bitcoin Core

As a Bitcoin Core 27.0 user, you will likely experience some changes to your peer connections. One question that has been on the minds of many users is why their peers are still connecting via older versions of Bitcoin Core, especially v1.

In this article, we will explore the details of how Bitcoin Core updates its peers and why it might still be using an older version like v1.

Bitcoin Core 27.0: The New Standard

Bitcoin Core 27.0 was released just a few days ago, and it brings significant improvements to the protocol, including support for new features such as BIP324 (Transport Layer Security) for peer-to-peer communication. This update enables v2 transmission over P2P connections.

Why is V1 still in use

So why isn’t Bitcoin Core 27.0 implementing v2 transmission for all peers? The answer lies in the way the protocol handles peering and versioning.

When you run bitcoin-qt --version in your terminal, the output will show you the version number of Bitcoin Core running on your system. In this case, if your kernel version is 27.0 or later, v2 broadcast is probably enabled by default.

However, the kernel version alone does not determine peer connections; they are also based on a specific user agent (UA) string. The UA string identifies the client and server components of a Bitcoin node. In this case, your peers have a UA string of “P2P_V2”, indicating that they are using v2 broadcast.

User agent /Satoshi:27.0.0/

This is where things get interesting. The user agent string /Satoshi:27.0.0/ is associated with Bitcoin Core version 27.0 and its default settings for P2P connections (v2 transmission). This means that if your peers are using Bitcoin Core 27.0 or later, they will automatically use v2 transmission over P2P connections.

The case of older peers

Bitcoin: Why is my P2P_V2 peer connected over a v1 connection?

If you see older peers with an earlier version of Bitcoin Core (e.g. v1), it is likely that those peers are configured to use the older version by default. This can happen for several reasons:

Conclusion

In conclusion, the reason why your peers are still connecting via older versions of Bitcoin Core (v1) is likely due to the default v2 broadcast setting enabled by Bitcoin Core 27.0. The user agent string /Satoshi:27.0.0/ indicates that these peers are configured to use v2 broadcast, while all other versions of the previous version can still use v1.

As you continue to explore and update your Bitcoin Core settings, keep an eye on your peer connections for changes. With each new version, you will likely see further updates to the protocol and its configuration options.

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