TimescaleDB has released version 1.7 with several updates including PostgreSQL 12 support and Real-time Aggregates feature that returns real-time results for continuous aggregates over selected time intervals, providing faster query performance by combining pre-computed hourly rollups with raw data from the last hour. The new release also includes data management features available in the free Community edition, such as data re-ordering and retention policies, to simplify data management. The update aims to improve the overall performance and usability of TimescaleDB for users.