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.

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.