Bitcoin satellites in orbit are a thing of the near future

Bitcoin satellites in orbit are a thing of the near future

Startup Blockstream Satellite announced that it is going to focus its efforts on making Bitcoin transactions accessible to everyone. To do this, he rents communication satellites and will broadcast information about Bitcoin transactions through them. These satellites will provide the ability to conduct cryptocurrency transactions in real time around the world, possibly even in the absence of the Internet.

According to Blockstream Satellite, these satellites will provide equal opportunities for all users, regardless of their place of residence, to access the Bitcoin exchange network for goods and services. This will make Bitcoin even more independent from the world’s official financial structures and completely eliminate the possibility of manipulation by regulatory authorities.

The startup’s creators say that Bitcoin brings a new ideology and a different attitude towards finance. Therefore, access to this cryptocurrency and transactions with it should be convenient and global.  Connecting to such a satellite will not require large financial investments and complex equipment from the owner; you will only need a computer, a satellite dish, a receiver and an SDR USB key. For little money, any user can participate in a global economic project.

According to https://m.hightech.fm

You May Also Like

602024-02-03

DIY block scanner (Blockchain explorer): Why is it needed?

When developing a crypto wallet, you will encounter a number of problems that are not obvious. We will not consider now the problems associated with generating addresses, signing transactions and other issues that may come to mind first.

Education, Bitcoin, Ethereum,
242021-12-03

Wired journalist destroyed the key to the wallet containing 13 BTC

Back in 2013, the Wired information portal was among the opponents of digital currency who underestimated the potential and prospects of innovation. Then the journalist got rid of the private key of his wallet, containing 13 BTC, to demonstrate that the newfangled coins are just an “abstraction.” Today these BTC are valued at $760,000.

Bitcoin

Latest articles from Bitcoin category