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Bitcoin Could Become a Global Financial Powergouse, According to Craig Wright’s Latest Plan

Bitcoin Could Become a Global Financial Powergouse, According to Craig Wright’s Latest Plan

CryptodnesCryptodnes2024/11/04 22:00
By:Cryptodnes

Australian computer scientist Craig Wright, who claims to be the creator of Bitcoin, has unveiled a scaling solution aimed at turning BTC into a widely usable, borderless monetary system.

In a recent post on the X platform, Wright shared his vision for the leading cryptocurrency as an international tool for everyday transactions, moving it away from its reputation as a quick-gain asset. He revealed that he and his team have been developing this solution, called TerraNode, for the past 15 years, with plans to complete it within the next decade.

Wright explained that TerraNode is designed to scale without limitations, addressing the current capacity constraints of Bitcoin transactions . The solution aims to support scale growth without causing delays or increasing fees, making BTC more practical and accessible to global users.

By removing barriers such as high fees and complex regulations, the developer believes TerraNode will help shift Bitcoin’s role from a speculative asset to a trusted payment method globally. He envisions cryptocurrency as a tool to connect people to the global economy, especially those who are disconnected from traditional financial systems.

READ MORE:
Developing Nations Accelerate Bitcoin Adoption Through State-Funded Mining Initiatives

Wright emphasized that his mission focuses on empowering people to control their finances and trade freely. He aims to create a Bitcoin network that promotes personal financial independence, allowing users to manage their money and transact without institutional approval.

This announcement comes at a time when Wright is pursuing Bitcoin-related lawsuits. He recently filed a £911 billion lawsuit against BTC core and Square, claiming that Bitcoin conforms to Satoshi Nakamoto’s original vision.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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