Bitcoin may not even need the internet in the future.
In news out yesterday, Blockstream reported that they had leased a 5th satellite from which to broadcast the bitcoin network.
That means that people could interact with the bitcoin network without the need of an internet connection.
The coverage had already been available across Africa, Europe, South and North America.
Now, this latest satellite will include the Asia Pacific region.
Is this a game changer?
I am going to say yes!
One of the potential weaknesses of bitcoin was a reliance on the internet to transact.
That wasn't a weakness everywhere but it was a weakness in some places, especially if you are in an emerging market or some place with restricted internet access.
If we can remove the internet as a necessity for using the bitcoin network, it will remove one of bitcoin's barriers to more widespread adoption.
For more specifics on the announcement, check this out:
Bitcoin is more than just the price.
If you ignore the price, 2018 has been a pretty big year for bitcoin.
I am expecting the price to start to reflect that in 2019 and 2020.
Lot of good things happening under the hood.
Stay informed my friends.
Image Source:
https://www.coindesk.com/blockstream-using-satellites-beam-bitcoin-earth
