Dr. Craig Wright has asked the bitcoin community to be united as he advocated for bitcoin scaling.

Bitcoin currently has a block size limit of 1 MB. However, with bitcoin’s growing user base and increasing number of daily transactions, the current block size limit makes it difficult to support all the transactions happening in the bitcoin network. This resulted to increase in the transaction times and fees.

Wright said that bitcoin scaling is needed in order to bring bitcoin to a point where it will exceed all global past transactions. In turn, the bitcoin community should push for innovation, have sustainable operations, and catch the attention of companies. However, he emphasized that scaling should be done on chain.

Like those from the Bitcoin Core who proposed SegWit. SegWit’s main goal is to send transactions off-chain and onto second layers like the Lightning Network or sidechains. However, it has drawn criticisms for using a 1:4 ratio, and making the system vulnerable to legal problems.

The Australian inventor and innovator said: “When you add sidechains, when you add other things that take away from the core of the network you steal the security model, you steal the value. When you do this, that’s what destroys bitcoin.”

In order for bitcoin to fully maximize its potential, the bitcoin community should form a united front and make decisions that would benefit every user.

Australian academic and inventor Dr. Craig Wright made a case for bitcoin scaling in a rare appearance at the recently held The Future of Bitcoin event in the Netherlands.

Japanese casino mogul Kazuo Okada has brought some of his family members to court after they orchestrated a boardroom coup resulting to Okada’s ouster at Universal Entertainment Corp.

Online gambling operator Betsson AB has called on the European Union’s trade watchdogs to prevent the Netherlands from taking enforcement action against the company’s Dutch-facing brands.

Imperial Pacific International Holdings (IPI) said that it will launch gaming operations at the unfinished Imperial Pacific Resort Saipan on Thursday, July 6.

Gambling has been around since the dawn of civilization. The first recorded taxation and regulation of gambling appeared in 4th century BC.

Psychographics: It is the study and classification of a person’s likes and dislikes, interests, and buying habits. To put it simply, it is a method in market research where you shell out a lot of money to confirm that you have a shitty product.

EEGMedia has launched iGamingRadio.coman online radio that streams iGaming industry news through daily shows, interviews and press releases.

Congratulations to Jens Lakemeier for winning the first World Series of Poker bracelet for Germany this summer at Event #59: $2,500 Big Bet Mix. The 23-year-old Lakemeier earned $112,232 for the win.