Craig Wright, the Aussie billionaire who claims to be Satoshi Nakamoto and the guy behind the Bitcoin Cash [BCH] Hard Fork to Bitcoin SV (Satoshi’s Vision) just shared his vision for the newly minted cryptocurrency.
After becoming the 7th largest cryptocurrency, Bitcoin SV was crowned the most profitable cryptocurrency in this bear market giving investors a return of 42% since its inception on November 16th.
Craig Wright’s Roadmap for Bitcoin SV
While the markets are still in complete meltdown, with Bitcoin [BTC] trading at just under $4000, Craig Wright has already laid down his vision and roadmap for Bitcoin SV who in his medium post shared his thoughts on how nChain will make every effort to make Bitcoin SV the prominent version of Bitcoin over the next few years.
By next year, Bitcoin SV will have miners earning over $8,000 per block based on use alone which will equate to $640 a bitcoin on exchanges. The figures have not yet factored in the gambling price of bitcoin and these would be the earning for miners for their service.
Craig further added that with the Teranode project, nChain will scale Bitcoin SV to handle over 1.0 TB within the next 2 to 3 years and growing sizes from there. At that level, miners will earn over $600,000 for each Terabyte block.
Speaking on the capacity of Bitcoin SV, Wright says
“In 2 to 3 years, expectd capacity will be at 2 to 4 billion transactions a block, that is 6.5 million transactions a second. This is also Visa, MasterCard, banking in SWIFT, and ALL global currencies (not just crypto) in under 15% of a block. And this is the start.”
He ends his post with the possibility that Visa might use Bitcoin SV as its backbone and plumbing within the next 4 years with the means to transact that is both more secure and faster… and costs less.
Blockmanity’s Take
This is not the first time that Craig Wright is making claims and promises, he has made many promises before but has failed to deliver. The ultimate goal of Craig is to make Bitcoin SV chain the most prominent Proof of Work chain and destroy all other chains including BTC.
Also Read:
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
