Craig Wright Of Bitcoin SV (BSV) To Utilize 1 TB Blocks ‘Terranode Bitcoin’ Within 2 Years from Now
Bitcoin SV To Process Over 1 TB Blocks In The Next 2 Years
Dr. Craig Wright has been a busy man prepping up Bitcoin S. In his recent marketing push for the crypto, he said published his 2 years plan.
As things stand now, the tiniest of all three versions of Bitcoin is the BSV blocks. This is because the chain lacks a long-lasting transaction volume. Craig hopes to make some changes to that.
Recently, he made an announcement on Twitter that BSV has the aim of achieving almost 4 million TPS as well as develop a Terranode network is just 2 years. It is well known in the Bitcoin community that Bitcoin SV needs to increase its transaction space.
His team is to make these goals occur and have designed to shape partnerships with different big institutions in order to boost the network’s transaction volume. Besides, different blockchain developers will be attracted to the Bitcoin SV network. If the transactions fees are low coupled with having enough block space.
Two years is not a very long time to realize such grand ambitions. Even the biggest decentralized application, Ethereum, is not doing too well as a network. It is nowhere else to handling the number of transactions that Dr. Wright is claiming.
The projections of Craig Wright might be accomplished, but Bitcoin SV will need to fight its way through the top competition in the crypto industry and stay relevant. As regards cost, it is difficult to know the resources to be put in place, so as to achieve Craig’s goal of having a storage space of 1TB in two years.