The Virtual Console version is the same as the GameCube versions (V1.2). The GameCube versions (Collector's Edition and WindWaker Bonus Disk) are both V1.2 with minor edits. The PAL versions of the game are all V1.2, Regardless of cartridge color. Each code is partnered with a version number, Here's the chart: There is a sticker on the front showing a code. If you don't have a cart, look below the chart. It is relativly easy to find out what version you have by looking at the cart. It had the most bug fixes and is the most common sold. The final version released in the Nintendo 64 era was V1.2.
It has some bug fixes, and no longer came in a gold cartridge. In the later years of Ocarina of Time Nintendo released an updated version known as V1.1. This was Version 1.0 and had no bug fixes or any patches. When it was released in October 24th, 1998, The Game was released as a golden cartridge. There were 3 versions of Ocarina of Time.
