Craig Wright Pushes For 1GB Blocks to Attain Visa-Level Bitcoin Scaling
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2 days ago | Kai Sedgwick | 10458 | 104
Craig Wright Pushes For 1GB Blocks to Attain Visa-Level Bitcoin Scaling
Craig Wright, the man who famously claimed to be Satoshi Nakamoto, is back in the news again. This time he’s weighed into the bitcoin scaling debate, which is becoming increasingly politicized. In a post entitled “Scaling Bitcoin and what some will do to stop this”, he refutes sceptics who believe that bitcoin can’t scale to handle 20,000 transactions a second.
Also read: Satoshi Nakamoto’s Confidant Gavin Andresen Throws Support Behind Bitcoin Cash
Wright or Wrong?
Nchain is the name of Wright’s company, who bill themselves as “a global leader in research and development of blockchain technologies”. A week ago, Wright published a white paper examining the feasibility of the blockchain being used as a global payment system. In it, he explored speed and scalability, issues which have become pet obsessions of Wright’s.
In a follow-up post published today, Wright hit back at critics who’d found flaws in his research, which he attributed to the fact that “many academics seem to hate Bitcoin”. He wrote:
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