RATE Group | Craig Wright Claims Bitcoin SV Will Process 1TB Blocks in Two Years
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Craig Wright Claims Bitcoin SV Will Process 1TB Blocks in Two Years

02 Dec Craig Wright Claims Bitcoin SV Will Process 1TB Blocks in Two Years

Posted at 06:15h in Bitcoin News by

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craig wright bitcoin sv

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Dr. Craig S. Wright has a mission in mind for Bitcoin SV (BSV) to process terabyte-sized blocks. It’s a “2 year target” according to a tweet he published yesterday.

Wright didn’t elaborate on the how of this. Demand for transaction space in Bitcoin blocks is high, and certainly, Bitcoin has struggled to keep pace with the demand. Wright and others in the Bitcoin Cash world don’t believe in scaling solutions which take transactions off-chain, instead preferring to increase the size of blocks and associated storage space required for Bitcoin nodes. The Bitcoin SV hard fork’s first change was to project a quadrupling to 128MB blocks.

At the present time, however, BSV blocks are on average much smaller than even Bitcoin blocks,…

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