Australian businessman Craig Wright, infamous for two separate stints as the self-proclaimed creator of the flagship cryptocurrency Bitcoin, recently tweeted out that 2018 will be the year in which Bitcoin Cash (BCH) is brought to its full potential, as limits to what it can achieve won’t be there, and security will be improved.
In a follow-up tweet, Craig Wright pointed out that among what’s coming for the cryptocurrency in 2018 are “secure threshold systems to make even web wallets secure,” improved mixers, and transactions blinding to improve privacy. When asked who’s the team working on these improvements, and when a public roadmap and testnet would be available, Wright concisely replied with “Several. More public soon.”
In subsequent tweets, the self-proclaimed Bitcoin creator added that the teams working on Bitcoin Cash are looking to spread the cryptocurrency throughout the world in order to get more people to use it, which will in turn drive up BCH’s price, according to the businessman.
In one of his tweets, replying to a user who asked if the roadmap for 2018 was well planned, and if growth could be expected, Wright stated:
“It is well planned. There are many things coming. We are interested in delivering cash to the world. Not a bank settlement system. So, it is all about whether you believe in PayPal 1.5 in BTC or global cash in BCH”
To help, Craig Wright just asked users to build merchant solutions and “sexy UIs that people want to use.” That, and use Bitcoin Cash, something that may start happening more as new services and businesses related to the cryptocurrency keep appearing. Recently, mining pool ViaBTC announced a new crypto-to-crypto exchange platform that focuses on BCH, while Bitcoin.com CEO Roger Ver used Twitter to reveal a new Bitcoin Cash Visa debit card.
Whether Bitcoin Cash will outperform or surpass Bitcoin in 2018 remains to be seen, but it’s clear the flagship cryptocurrency won’t go down without a fight. As recently reported by CCN.com, CBOE’s futures are trading at near $18,000, following a launch filled with hiccups, as Bitcoin’s rapid price swings triggered the exchange’s “circuit breaker” on several occasions, which paused trading after it got to certain percentage checkpoints. Additionally, there was so much interest in the futures that CBOE’s website crashed.
Moreover, a Hong Kong trader who successfully forecast Bitcoin’s dramatic year-end ascent believes the cryptocurrency’s rally isn’t over, and added that he wouldn’t be surprised if Bitcoin’s price reaches $100,000 by the end of 2018.
Featured image from YouTube/BBC.
Last modified: May 20, 2020 9:16 PM UTC