Bitcoin Cash to be the “Next Global Electronic Plumbing System”: Craig Wright
One of the most well-known evangelists for Bitcoin Cash, Craig Wright, described it as “the next global electronic plumbing system.” Wright is the one who came out as the identity behind Satoshi Nakamoto.
He took to Twitter on August 8 to share how Bitcoin Cash (BCH) will take over the crypto world. He claims that BCH has everything that’s needed to take over the global economy. His tweet reads, “Sorry. You missed the chance to stop us. #BitcoinCash is the next global Electronic plumbing system. We have all that is needed now to revolutionize a $1.5 Trillion USD annual market Nobody considered. In 3 years, you will understand. It is already in place.”
However, there’s a slow adoption of Bitcoin Cash (BCH). Wright claims that there are two issues which is causing it. He wrote, “There are only two things that are slowing adoption of bitcoin cash. 1. Scale limits to be removed 2. Locking the protocol.” According to Wright, if these problems are solved mass adoption is possible. He further added, “Everything else is in place. All or nothing. 36GB blocks are possible and can be gone. Two years and counting. We get this, and it is a built and done.”
Sorry. You missed the chance to stop us.#BitcoinCash is the next global Electronic plumbing system.
We have all that is needed now to revolutionize a $1.5 Trillion USD annual market Nobody considered.
In 3 years, you will understand.
— Dr Craig S Wright (@ProfFaustus) August 8, 2018
Bitcoin Cash scale to go up to 36GB blocks?
While the Bitcoin (BTC) network has a blocksize limit of only 1MB, Bitcoin Cash (BCH) has a blocksize limit of 32MB. The blocksize limit of only 1MB in Bitcoin (BTC) network restricts it to about 7 transactions per second. And, Wright claims that blocksize limit could rise higher in the future and could go up to 36GB blocks.
Image via Shutterstock
Join our Telegram group