Google just rolled out a new update for its pagerank parameter (on June 27 2011). The last Google PageRank update was in January 2011, so it’s been almost 6 months between updates. Until this year pagerank updates were pretty stable – usually you could see a new update every 3-4 months.
GooglePageRank parameter is dedicated to the calculation of different factors related to the authority of your site. In basic terms, it estimates the quantity, quality and relevance of incoming links for your webpages. The higher the PageRank the higher is a probability that the site has some quality backlinks.
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