RATE Group | Craig Wright: Bitcon SV Will Be Processing 1 TB Blocks Within The Next Two Years
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Craig Wright: Bitcon SV Will Be Processing 1 TB Blocks Within The Next Two Years

02 Dec Craig Wright: Bitcon SV Will Be Processing 1 TB Blocks Within The Next Two Years

Posted at 19:29h in Bitcoin News by

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At the onset of the hash war that followed the Bitcoin Cash hard fork of November 15, Bitcoin SV seemed to be almost losing totally to its then formidable rival, BCH ABC. The two sprang out from different chains to become separate cryptos as BCH broke up during the eventful fork.

Satoshi Vision

In essence, Bitcoin SV is meant to fulfill the vision of Satoshi Nakamoto. According to Craig Wright and his team, the network is better off without being lumped up in extra layers of off-chain scaling solutions. Instead of that, BSV will be expanded to increase its storage space and block size to accommodate more nodes.

Bitcoin SV: The Current State

At the moment, BSV blocks are the smallest of the three Bitcoin versions. This is mainly due to lack of a sustained transaction volume on the chain. Craig wants to change that.

Projections

Just like Satoshi, Craig has a vision for BSV. In a recent tweet, Craig announced that BSV is keeping a two-year target to achieve up to 4 million TPS and…

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