Australian computer scientist Craig Wright, who claims to be Bitcoin’s creator, has announced the development of a scaling solution to transform the flagship digital asset into a global, borderless cash system.

In a November 3 post on X, Wright shared his long-term vision for the top crypto. He imagines a future where Bitcoin becomes a functional tool for international transactions rather than a quick route to wealth.

Wright Reveals Vision and Scaling Solution for Bitcoin

Wright stated that he and his team have been working on this BTC scaling solution, called TerraNode, for the past 15 years. He plans to unveil it fully within the next decade.

According to Wright, TerraNode is built to scale indefinitely, eliminating current limitations in transaction capacity. He describes it as a network that can handle vast growth without slowing down or raising fees, making it accessible and affordable for users worldwide.

Read more: What Is Bitcoin? A Guide to the Original Cryptocurrency

Wright noted that TerraNode would allow Bitcoin to serve as a practical means of trade, not a speculative asset. So, by eliminating barriers like high fees and complex regulations, Wright believes TerraNode could make Bitcoin more accessible as a payment method globally.

“This will allow people in any country to start using Bitcoin as a functional, practical means of trade. Not as an asset to hoard, but as a tool to connect them to the global economy—no borders, no barriers, no prohibitive fees,” Wright stated.

Indeed, the controversial scientist’s vision extends to making Bitcoin a tool for economic inclusivity. He wants people in underserved regions to use Bit

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Author: Oluwapelumi Adejumo