- Craig Wright has released his upcoming Bitcoin scaling solution.
- The solution seeks to foster a unified cash system.
- The system will not make anyone a โbillionaire.โ
Self-proclaimed Bitcoin evangelist Craig Wright has a โvisionโ for the original cryptocurrency. He envisions a future where Bitcoin powers a borderless electronic cash system instead of catering to โfantasies of fast wealth.โ
In Wrightโs world, Bitcoin would allow the unbanked population, which he claimed had been shut out of traditional financial systems for not meeting certain requirements, to hold, control, and trade their money โinstantlyโ without middlemen fees or arbitrary limitations.
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In an X post on November 3, Wright said the first phase of this vision was already in motion.
Craig Wrightโs Bitcoin Scaling Solution
According to the post, Craig Wrightโs team has been building a Bitcoin scaling solution for the last โ15 yearsโ and is keen to introduce it to the public in the โnext decade.โ
โAfter years of groundwork, weโre scaling Bitcoinโs system to a level where it will never hit a limit,โ the post read. โThis isnโt about waiting until demand forces us to expand. With TerraNode, weโre creating a system designed to scale infinitely, where capacity is not a constraint.โ
Wright claimed that the system would meet and outpace current blockchain needs by โorders of magnitudeโ while remaining accessible, affordable, and ready. He said his solution would eliminate fee hikes that price out users amid demand surges.
Noting that the solutionโs foundation was in place, Wright asserted that its debut would allow users in any country to leverage Bitcoin as a tool to join the global economy on an equal footing instead of an asset to hoard.
Stray updated on Craig Wrightโs lawsuit against Bitcoin Core:
โBitcoin Coreโ Hit with ยฃ911B Lawsuit by Craig Wright
Read how Craig Wright slammed Michael Saylorโs Bitcoin strategy:
Craig Wright Slams Michael Saylorโs Trillion-Dollar โBitcoin Bankโ Ambition
