Craig Wright, chief scientist at nChain said that Bitcoin Cash SV will be used by billions of people around the world. He wrote this in a blog post a few days ago. The comments he gave are very important because Bitcoin Cash (BCH) has recently performed a network upgrade.
Will Billions of People use Bitcoin (SV) in the Future?
Craig Wright has been involved in the last week in a hash was against Bitcoin Cash ABC. On November 15, Bitcoin Cash performed a network upgrade that resulted in two different chains, Bitcoin Cash ABC and Bitcoin Cash SV.
After very hard days, Craig Wright decided to write a blog post related to the future of Bitcoin Cash and the cryptocurrency world. His Bitcoin SV proposal aims at re-activating operations codes, expand the block size and have a smart contract-ready platform.
One of the main points he made is that the network would be able to receive businesses and investments. It is possible for the network to process countless transactions without problems since, according to him, it is currently scalable. This would allow businesses and companies to work on top of the Bitcoin SV network (he calls Bitcoin SV ‘Bitcoin’).
According to the blog post he wrote, the main intention is to promote trade, open markets and enhance business efficiency. He also mentions that it is not a method to create anonymous systems and create anarchy. Furthermore, he said that billions of people will be using Bitcoin (SV) in the next years.
About it, Craig Wright wrote:
“We plan to open development of systems that will have billions of people using Bitcoin in the coming years, without even knowing that they are using Bitcoin. Basically, we seek to create a system that proves the ends which reflect how any good system should be – not one based on ideology and religious drive, but simple efficiency and value.”
At the time of writing, Bitcoin SV and Bitcoin ABC continue to fight to be the dominant network in the market. According to BitMEX Research, Bitcoin ABC has a rolling 10 block checkpoint system that defends the network against hostile reorgs.
Bitcoin Cash (BCH) is currently being traded around $230 dollars according to CoinMarketCap.
Carlos is an international relations’ analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.