Learn from yesterday, live for today, hope for tomorrow.
The important thing is not to stop questioning.
Albert Einstein 
3rd August 2017  
 
  Start of something new
 
The Story

History was made as a new cryptocurrency called Bitcoin Cash was created after a group of miners split off from the main bitcoin blockchain.

 

Tell me more about Bitcoin Cash.

Bitcoin Cash is a project of some SegWit2X's backers who took matters into their own hands after they have lost confidence in the proposal that will combine Bitcoin Core’s Segregated Witness and a block size increase.

 

What are the differences between Bitcoin Cash and SegWit2X?

First, SegWit2X will send transactions off-chain and increase the block size to 2MB while Bitcoin Cash will increase the block size to 8MB and remove SegWit. Second, since Bitcoin Cash has started the same main bitcoin blockchain, those who own coins in the main bitcoin blockchain will have the same number of coins in the new Bitcoin Cash blockchain.

 

Bitcoin Cash had its share of supporters and skeptics.

Australian academic and inventor Dr. Craig Wright has praised Bitcoin Cash as it seeks “to achieve a truly decentralized, peer-to-peer electronic cash with higher, more efficient transaction capacity.” While Brave New Coin co-founder and CEO Fran Strajnar said that “the [Bitcoin Cash] network needs further support and infrastructure needs to be as easy as bitcoin; otherwise it's over.”

 

Takeaway

The introduction of Bitcoin Cash is the culmination of the years-long scaling debate within the bitcoin community. With this, the bitcoin network's capacity is set to grow and will open more opportunities for the cryptocurrency to develop.

 
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  FEATURED VIDEO
 
 
 

Becky's Affiliated: How blockchain can disrupt online lottery with Frank Pira

In this edition of Becky's Affiliated, Becky Liggero asks Wild Crypto CEO and Director Frank Pira how his company will shake up the online lottery market by offering a decentralized lottery using their Ethereum ERC20 based Wild Token.

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  GLOBAL ROUND UP
 
  ASIA
The World Poker Tour increase their presence in Asia with WPT Japan

The World Poker Tour has announced plans to host their first-ever event in Japan. Adam Pliska and the Japan Poker Union Corporation will be holding the four-day Main Event at a yet to be disclosed venue in Tokyo.

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  AUSTRALIA
Silver Heritage bids buh-bye to co-founder Tim Shepherd

Tim Shepherd, Silver Heritage's co-founder and president of business development and marketing, would be leaving the company on September 30. The company did not offer any explanations on Shepherd's exit.

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  EUROPE
Czech gov't takes credit for gambling revenue rise

The Czech Ministry of Finance has published statistics showing that its gambling market posted a revenue of CZK 39.3b (US $1.78b) in 2016, a 29% improvement from 2015's result.

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  FACT YOU NEED TO KNOW
 

In Denmark, ISP blocking measures are in place and the state regulator can block operators and suppliers that have been targeting Danish customers without the requisite license.

 
  WORD OF THE DAY
 

Deterministic—this refers to data that can accurately identify a consumer for targeting ads, such as a visitor's login information for a website. Other examples of where this kind of data can be obtained include credit cards, phone numbers and addresses.

 
 
 
 
 
  PRESS RELEASE
 

IGT's Lottomatica launches affiliate programme with Income Access

Rome-based iLottery and iGaming operator Lottomatica has launched an affiliate program for its multi-vertical brand that will be managed using the Income Access platform.

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  SHOUT OUT
 

US college football fans are in for a treat as the Florida State Seminoles is set to wrest away the Atlanta Conference Championship trophy from the defending champion Clemson Tigers, if the oddsmakers are to be believed. The Seminoles are the favorites of oddsmakers to win the ACC at +110 while the Tigers come second at +300.

 
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