LONDON, August 13, 2018 — CoinGeek is committed to global success of the original Bitcoin (now restored in the form of Bitcoin Cash BCH), and that requires restoring the Bitcoin protocol to its original design. Once restored, the Bitcoin protocol should be locked so that businesses and developers around the world can reliably build on top of it – just as they do on the Internet protocol. This will help professionalize the Bitcoin ecosystem to enable its next stage of growth.
In keeping with these goals, here is a statement of consensus changes that CoinGeek, as a significant miner, will support in the November 2018 protocol upgrade:
- Continuing the program to re-enable the original set of op codes. Specifically for November, CoinGeek supports re-enabling: OP_MUL, OP_LSHIFT, OP_RSHIFT and OP_INVERT
- Removing the current limit of 201 op codes per script
- Raising the maximum block size to 128MB
We note that additional changes have been proposed by several implementation teams that are not part of the original Bitcoin protocol. We will not support the following changes or commit our hash power to running software that implements them:
- Canonical transaction ordering (We are committed to investigating the removal of topological ordering as a potential barrier to scaling but this requires more detailed examination)
In the longer term, CoinGeek will continue to support only consensus changes that restore the original Bitcoin protocol, and those that may be demonstrated as absolutely necessary to meeting the goal of massive on-chain scaling to terabyte+ blocks.
This can be broadly summarized as removing all of the artificially imposed limits and restoring previously-disabled functionality where safe to do so. Limitations on protocol parameters such as block size should be determined by miners in a competitive spirit. The natural tension between the economic incentive to handle unbounded limits and the technical challenges to doing so are how we envisage Bitcoin miners governing these limits. Investment equals competitive advantage. As we previously announced, CoinGeek believes in miner choice, and a healthy competitive marketplace for miners.
CoinGeek is committed to enabling massive on-chain scaling and safe instantaneous Bitcoin transactions. As such, we will be encouraging the non-consensus changes that meet these requirements. Specifically, we encourage the following:
- Remove transaction relay delays.
- Plug-in transaction selection and quotation modules to enable miners to control fee policies more easily. e.g.
- Free or cheaper fees for transactions that either shrink or do not expand the UTXO set.
- Storage or computational cost based fee calculation.
- Implementation of a secondary transaction cache to allow double spend monitoring for transactions that don’t meet a miner’s acceptance policy. This mechanism is dependent on the principle of 0-conf transactions being considered a premium service with stricter requirements over and above those of transactions where instant acceptance is not a requirement.
Additionally, in order to facilitate safe 0-conf transactions, CoinGeek will encourage and support development of a comprehensive technical roadmap to deliver all of the tools necessary for demonstrably safe 0-conf transactions.
CoinGeek will continue to use its resources to support the original vision of Bitcoin, and invites other miners to take these same positions. Miners invest significantly to maintain the Bitcoin BCH network with their hash, and should make their voice heard on these issues to ensure the global growth of Bitcoin.
If this path is not followed Bitcoin will not ever be able to fulfil its destiny as a peer to peer Electronic cash system for the world. If Bitcoin is not used for this purpose then then Bitcoin will not be viable economically for miners in the future and the economic freedom associated with this will not happen for the world’s most vulnerable and the Cambrian explosion of innovation will not happen on top of Bitcoin as intended. If this path is followed the world benefits and competitive Miners prosper. CoinGeek’s suggested path is in the best interest of all Enterprise level mining operations and we welcome working together to support this now.
CoinGeek also wants to announce: that we have designed a super energy efficient, next generation ASIC chip design that will be released later this year. This Chip will be optimized for Enterprise level mining on Bitcoin using the original Satoshi Protocol. We will have a booth demonstrating this at the CoinGeek Week Conference last week of Nov in London and invite all miners to join us in planning for the future of this industry at this event.
Miners drive road maps in this space, so let’s drive this together!
Source: Press Releases Published on European Gaming Media Network
A welcoming climate for gambling: Slotegrator’s overview of Georgia
The gambling industry in Georgia has been steadily developing for quite a long time, aided by fair legislation and a stable demand for gaming and entertainment services. Recognizing the essential role the industry plays in the country’s economy, Georgia’s government is working hard to implement transparency by developing new regulations — which are also meant to bring the gambling business to a new level.
Slotegrator, one of iGaming’s leading developers, keeps a close eye on the legislative aspects of the industry, providing its clients with up-to-date information and guiding them towards the most promising opportunities. In its new article, the company examines the critical components of Georgia’s gambling market, focusing on the legislation and regulations — both currently existing and those that will soon come into effect — that govern the iGaming landscape.
Georgia turned out to be one of the first countries in Europe to recognize the economic importance of the gambling industry. While many countries sought to inhibit the sector — by banning online casinos, for example — in Georgia, license holders never hit any speed bumps, continuing to smoothly operate their land-based and online businesses.
Operators will undoubtedly wonder how to get a gaming license in Georgia. The process is simple enough; applicants send all the necessary documents via an electronic system, and within a couple of weeks, they will receive a response from the regulatory body. Moreover, there are also expedited ways of obtaining a license, among which is the possibility of getting permission to organize gambling activities the day after submitting an application.
As for the taxation system in Georgia, it varies from state to state, depending on location, tourist zones, types of gaming business, and other factors.
The biggest current trend in the online space is increased player activity. As a result, the Georgian government has developed a number of new regulations aimed at streamlining gambling industry regulations to eliminate legislative contradictions and loopholes.
Read more about the new iGaming regulations in Georgia on the Slotegrator website and stay up to date with the most current events!
Slotegrator’s overview of gambling in Uzbekistan
Online casino and sportsbook provider Slotegrator is one of the leading aggregators in the Eastern European and CIS gambling markets — and rightfully so: the company keeps a close eye on the evolution of iGaming in each country and provides you all the latest information. Slotegrator’s new article shines the spotlight on the gambling landscape of Uzbekistan.
In November 2019, the government of Uzbekistan published a decree on sports activities that also revealed officials’ intention to legalize the sports betting sector of the gambling industry, which was banned in 1991 (with one exception — state lotteries).
The potential legalization of sportsbook businesses looked like a serious and meaningful step forward on the government’s part, and was supposed to open some new doors to the highly promising market for sponsors and investors. It was also seen as a natural stimulus to help Uzbekistan’s sports industry — particularly football — make a giant leap forward.
In addition to the initiative to develop sports betting, there is a project to create a special gambling zone in the city of Muynak. The logic behind the idea is to popularize Uzbekistan as a tourism destination and attract more international investments into the country’s economy. Meanwhile, the planned construction of an entertainment area should include a sports track as well as a shopping mall.
The year 2020 has been set to carry out all the necessary campaigns to lay the groundwork for taking the next steps and eliminating any possible legal contradictions and loopholes.
Read Slotegrator’s new article on Uzbekistan’s gambling initiatives to find out more about the current status of the project.
Slotegrator has added Real Dealer Studios to its network
Online casino software provider and aggregator Slotegrator has partnered with Real Dealer Studios, a developer of unique cinematic casino games. Real Dealer offers not just high-quality gaming, but a Hollywood-style experience.
Games from Real Dealer are the world’s first casino content made from cinema-quality video clips of presenters and gameplay, with professional actors and moviemakers collaborating with experienced developers to deliver an amazing degree of realism. Private tables and beautiful, energetic croupiers give players a real luxury experience. Real Dealer offers error-free, high-quality video streaming and sound, and a resume play option in case of any interruption. It is possible to integrate games as a stand-alone product without linking to a studio. Most importantly, this absolutely unique concept has never been seen before.
This is how Jose’ Micallef, Sales Manager at Real Dealer Studios, comments on the partnership: “We are excited to be able to count such a highly respected platform as Slotegrator among our partners. Like us, they are a customer-centric company, which is an important value in our industry. Slotegrator will be instrumental in the distribution of the Real Dealer games portfolio within their markets. At Real Dealer Studios, we are constantly looking for such partners, and this marks another step forward in widening the reach of our innovative games.” Slotegrator is also excited, and is making big plans for future collaboration.
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