Bitcoin Cash
$101.76 -4.99%
BCH · 1w

Craig Wright announces Metanet

Dr. Craig Wright promised to make an announcement that will transform the internet using his version of Bitcoin (BSV).

At the CoinGeek Week Conference in London, he unveiled his new project – Metanet – which is described as a protocol for a blockchain-based network. Dr. Wright told the audience his “new internet” would make the internet a mere “sidechain” of Bitcoin.

Dr. Wright wants to rebuild the internet from scratch as a collection of businesses running on and trading through the SV network. Those companies would earn money through a system of instant crypto-micropayments that rewards content, clicks, and data.

It sounds very much like any smart contract platform. But instead, Metanet runs on SV.

“We will look to integrate everything with Metanet. We can even have a Facebook page in a 1KB transaction”.

Terranode

In late November, Coin Rivet brought you the story of  how Bitcoin SV will look to eventually mine 2GB blocks, according to a 12-month roadmap leak from Calvin Ayre.

Dr. Wright certainly has a vision for BSV. In a recent tweet, he announced that BSV is keeping a two-year target to achieve up to 4 million TPS and build a Terranode network. It’s commonly known that Bitcoin SV is determined to drastically expand its transaction capacity. In fact, the first plan that was drawn up after the hard fork centred around increasing the block size limit up to 128MB.

2 year target. 2-4 Million TPS peak 500k sustained Terranode Bitcoin — Dr Craig S Wright (@ProfFaustus) November 29, 2018

Just two weeks ago it was announced that the SV client mined a 64MB block. It was claimed by CoinGeek that this was the world’s largest ever block mined on a public blockchain.

As part of the professional stress tests that were conducted on the network (to test the network throughput capacity), it was announced that the SV chain did manage to successfully mine a 64MB block, followed by a 38MB block.

Bitcoin SV’s...

Continue on coinrivet.com
Recent news