PHP 5.5.0 was released on June 20, 2013, introducing several new features including generators, coroutine support, the 'finally' keyword, and a simplified password hashing API. Additional enhancements include support for constant array/string dereferencing and scalar class name resolution, while the deprecated MySQL extension is now replaced by the mysqli extension. The update aims to improve memory usage, facilitate cooperative multitasking, and streamline password management.
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