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MultiBit 0.2.x is the current version of MultiBit (as of end December 2011) and has the following features:
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[Support for multiple wallets](wiki/Supporting multiple wallets).
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Installers for Windows, Linux and an application bundle for Mac.
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[Improved cut and paste](wiki/Improved cut and paste).
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[Increased number of languages](wiki/Language support).
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[Technical/ build improvements](wiki/The MultiBit build).
MultiBit 0.3.x is the next major version of MultiBit that will be worked on in 2011Q1. The proposed feature list is:
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[Refresh User Interface](wiki/0.3.x refresh user interface)
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[Provide protocol links so that you can click a link and get MultiBit to open](wiki/Bitcoin URI binding)
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[Add password protection of private keys](wiki/Password protection of private keys)
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[Add export - and limited import - of private keys](wiki/Export and limited import of private keys)
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[Add support for sonic swatches](wiki/Sonic swatches)
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[Build improvements](wiki/ 0.3.x build improvements)
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[Ability to replay blocks to wallets](wiki/Ideas for block replay to wallets).
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[Import/ Export/ Deletion of private keys](wiki/Ideas for private key management).
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[Wallet encryption](wiki/Ideas for wallet encryption).
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[Add cross-rate to present in dollars/ euros] (wiki/ Cross-rates)