Wright emphasizes personal financial freedom through a Bitcoin network that allows users to control and trade their money instantly.

On November 3, 2024, Craig Wright, an Australian computer scientist claiming to be Bitcoin's creator, announced a new scaling solution called TerraNode.

TerraNode has been in development for 15 years and is designed to scale indefinitely, addressing transaction capacity limitations without increasing fees.

Wright claims that TerraNode will have unlimited capacity to handle any volume, even during demand surges.

He believes that TerraNode will transform Bitcoin into a tool for economic inclusivity, making it accessible to all individuals by eliminating border barriers and high fees.

The goal of this initiative is to empower individuals to participate in the global economy without relying on government or institutional approval.

Wright stated that the goal is to proactively build an infrastructure that accommodates growth rather than waiting for demand to necessitate expansion.

Despite his ambitious plans, Wright is currently facing legal challenges, including allegations of forgery and perjury related to his claim of being Bitcoin's creator, Satoshi Nakamoto.

It remains unclear if Wright will attend the contempt hearing in person due to his autism spectrum disorder, as he has requested to participate remotely from Singapore.

If successful, TerraNode could enable Bitcoin to be used in daily transactions, increasing its attractiveness to consumers and investors alike.

A court has ruled that Wright's documents attempting to prove his identity as Nakamoto are fake, with a contempt hearing scheduled for December 18, 2024.

His legal troubles continue amidst a new lawsuit where he filed a £911 billion claim against Bitcoin Core and Square, asserting that BTC is the true form of the asset envisioned by Satoshi Nakamoto.