You're contacting media contact of this press release

Title: Bitcoin in One Second: CAT’s WebChain Poised to Redefine Cryptocurrency Transactions

   Bitcoin, the world’s first cryptocurrency, is set to overcome its long-standing reputation for slow transaction speeds. CAT, a leading American internet technology company spearheaded by CEO Bruce Cava, has announced plans to introduce a revolutionary blockchain system capable of executing Bitcoin (BTC) transactions in real time. This groundbreaking technology, named WebChain, is expected to launch in the latter half of 2024, signaling a transformative shift for cryptocurrency efficiency and security. CAT Unveils Game-Changing PlansTackling Bitcoin’s Speed and Security ChallengesOn December 17, CAT’s Vice President Lee Dong-wook shared the company’s ambitious roadmap to integrate Bitcoin’s API with its proprietary WebChain blockchain, which already powers the QCAT Coin cryptocurrency. “Our target is to enable real-time Bitcoin transfers via WebChain wallets by August or September 2024, or at the latest, by year’s end,” said Lee. The announcement has generated significant buzz in the tech and cryptocurrency communities, with experts hailing it as a potential game-changer for Bitcoin adoption.Bitcoin’s decentralized nature has fueled its explosive growth, with daily transaction volumes now reaching an estimated 45 to 48 trillion KRW. However, its transaction confirmation times—averaging 30 to 40 minutes—remain a significant drawback. These delays not only waste time but also expose users to increased security vulnerabilities.WebChain is positioned as a solution to these issues. Built on an advanced Java-based OT-OCN (Operation Technology-Operation Centric Network) framework, the platform promises unparalleled efficiency and security, handling an astonishing 15 million transactions per second (TPS). “This achievement is as significant as Satoshi Naka...

This press release is issued by King Newswire