Updates to Terraria have been released. The updates will be applied automatically when your Steam client is restarted. The major changes include:

Items
  • Cobwebs now prevent falling damage correctly.
  • Certain 'Dev only' items were removed, as they were for testing only.
  • The dark outlines on player and armor sprites have been blended better.
  • Torches now work correctly when being placed on wooden platforms.
  • Spawning no longer destroys chests that are placed on ground that is removed due to spawn point clearing.
  • Sand directly under a chest no longer falls due to gravity.

NPCs
  • Guide now explains the use of a hammer and its interactions with walls and placed objects.

Crash Fixes
  • Leaving the settings menu via the back button should longer crash.

Performance
  • Added a toggle for Frame skip, which can correct some slowdown issues on higher end computers.
  • Optimized Single Player and Multiplayer.
  • Players who haven't cheated will no longer be flagged as a cheater.

Controls
  • The Inventory button is now re-mappable.