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BCH gears up for November hard fork to resolve mining difficulty

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BCH gears up for November hard fork to resolve mining difficulty

Bitcoin ABC, the full node implementation of the Bitcoin (BCH) protocol, has just released an update that will correct problems associated with the cryptocurrency’s Difficulty Adjustment Algorithm (DAA).

 

Even though BCH is the true Bitcoin as intended by the original Satoshi white paper, it is still a minority chain and it comes with challenges. Since it forked last August 1, the BCH network has been experiencing wild fluctuations in hash rate as miners jump from the BTC chain to the BCH chain and vice versa. This issue is caused by the Emergency Difficulty Adjustment (EDA) algorithm, which has been implemented into BCH as a survival mechanism “by adjusting difficulty downward if it has only a small proportion of the hash rate.”

To address this issue, Bitcoin ABC has proposed a hard fork to update the DAA. On Wednesday, Bitcoin ABC published version 0.16.0, which contains the updated DAA based on the D601 algorithm developed by Bitcoin ABC lead developer Amaury Séchet.

This is a change to the Bitcoin Cash consensus rules, but the change does not activate until November 13th. This is a hard fork, so exchanges, wallets, and other software need to upgrade before November 13th,” Bitcoin ABC said in a statement. The development team said they “have been in communication with Bitcoin Cash miners and they are expecting this upgrade.”

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The new DAA algorithm has five objectives, including adjusting difficulty hash to hash rate to target a mean block interval of 600 seconds; avoiding sudden changes in difficulty when hash rate is fairly stable; adjusting difficulty rapidly when hash rate changes rapidly; avoiding oscillations from feedback between hash rate and difficulty; and being resilient to attacks such as timestamp manipulation.

More importantly, the code is geared towards on-chain scaling and will further prove that there is no need for any other public blockchains.

Logical choice’

Séchet’s D601 algorithm was one of the three proposals—including Neil Booth’s D578 and Tom Harding’s D622—separately tested by Bitcoin ABC as well as Bitprim and blockchain technology and development outfit nChain. All three algorithms had similar results, including producing mean block times of approximately 600 seconds, which Bitcoin ABC said is “a colossal improvement over the current code.”

Meanwhile, nChain also found “D601 is the logical choice.  D622 is 3.1% (+/- 1.2% at 95% CI) better in most instances, but there are edge cases against it.  For example a large miner can set fluctuations into the timing.

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We acknowledge that D601… may not necessarily have the highest performance, but since all 3 had similar performance, D601 was selected because it appears to have the least risk,” according to Bitcoin ABC.

The post BCH gears up for November hard fork to resolve mining difficulty appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

Amusnet

Amusnet Sets the Stage for Global Gaming Excellence at G2E Las Vegas

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Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.

“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.

Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.

Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.

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Canada

SoftGamings Doubles Down on Global Expansion by Introducing Tobique Gaming Licence

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SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.

Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.

The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.

SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.

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Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.

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4Play

Fast Track Enters into Partnership with 4Play

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Fast Track, the leading player engagement platform built specifically for the iGaming industry, has partnered with 4Play, a dynamic and innovative gaming operator renowned for its exceptional player experiences in both casino and sports betting.

Launched in 2023, 4Play has rapidly gained recognition in the industry, primarily targeting the burgeoning Brazilian market. With a commitment to delivering unparalleled entertainment, 4Play offers its players a seamless experience in Portuguese, featuring popular gaming verticals such as casino and sports betting.

4Play’s decision to integrate Fast Track CRM comes as part of its strategic initiative to bolster player retention and streamline operations through advanced automation. Fast Track’s robust platform will enable 4Play to automate complex player journeys, ensuring each interaction is personalised and timely.

“We are excited to partner with Fast Track to elevate our player engagement strategies. Their innovative approach to CRM and their commitment to creating individualised player experiences align perfectly with our vision for 4Play. We look forward to leveraging their platform to enhance our player retention and operational efficiency,” Mateus Ihering, Chief Operating Officer of 4Play, said.

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Fast Track’s CRM platform, recognised for its real-time data capabilities and comprehensive automation suite, will support 4Play in achieving its business goals. By automating player communications and optimising the registration journey, 4Play aims to significantly increase its number of depositors while maintaining a high level of engagement among its 148,000 monthly active users.

Simon Lidzén, Co-Founder and CEO of Fast Track, said: “We are delighted to welcome 4Play into the Fast Track family. Their innovative spirit and dedication to providing top-tier player experiences make them an ideal partner. Together, we will set new standards in player engagement and retention, ensuring that 4Play continues to thrive in the competitive iGaming landscape.”

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