The Raspberry Pi Foundation and element14 on Monday announced a brand new version of their extremely popular and very affordable computer. The Raspberry Pi 2 Model B is even more powerful than the previous models, but it’s just as cheap, costing just $35. More interestingly, the Raspberry Pi 2 Model B is fully backward compatible to first-gen Model A and Model B designs, meaning that users can just replace the old versions with the faster computer.

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When it comes to specs, the Raspberry Pi 2 packs a 900MHz Broadcom BCM2836 ARMv7 quad-core processor, 1GB of RAM, support for up to four USB devices, HDMI support and micro SD port.

(Image courtesy - element14)

The new computer should be six times faster than predecessors, and packs twice the RAM memory. The Raspberry Pi 2 should also boot up in less than half the time of its predecessor. The computer has the same layout and footprint as the previous Model B+, which means it’ll also be compatible with all cases and third-party add-ons.

The Raspberry Pi 2 is available to buy starting on Monday online from element14.