Bitcoin in Space
The technological innovation created by talented people who passionately believe in an idea is truly an amazing thing. The people behind Blockstream are passionate about Bitcoin, and they are passionate about making Bitcoin available to everyone in the world. I think this is clearly demonstrated by this project, which allows people to perform transactions on the Bitcoin Blockchains without having access to the internet. Wow!
Blockstream has taken Bitcoin into space. The Blockstream Satellite network broadcasts the Bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and providing anyone in the world with the opportunity to use Bitcoin via the Bitcoin Lightening Network.
The Bitcoin blockchain from space. No internet required.
The Blockstream Satellite network broadcasts the Bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and providing areas without reliable internet connections with the opportunity to use Bitcoin.
No Internet Required
Bitcoin blockchain to the entire planet via satellite, reducing Bitcoin’s dependency on internet access.
All you need is a satellite dish to receive the data feed, nit the internet. Blockstream even sells Satelite Kits you can assemble and create your own Bitcoin Node, and it comes with an API which allows you to upload transactions to the Bitcoin blockchain.
Everyone in the world now has an opportunity to use Bitcoin.
Massive Savings
According to Blockstream running Bitcoin Nodes this way provides big cost savings, as Blockstream absorbs all the upfront costs of the satelite rental fees, and the development costs of the project.
By eliminating cost barriers, people can now receive blocks at no cost, which allows more people to utilize Bitcoin and participate in the Bitcoin network.
Network Stability
Now because you don’t need the internet, your Bitcoin Network feed is virtually uninterrupted barring a meteorite storm or ground to space middle attacking the satelite. But earthbound government can block your feed!
Blockstream Satellite provides an alternative method for receiving the Bitcoin blockchain that is not affected by connection failure. This protects users against network interruptions and prevents any full node from becoming isolated or partitioned
Collaborating Articles
Blockstream, a company set up in 2014 by crypto-hacker Adam Back, aims to change that. They announced in 2017 the launch of Blockstream Satellite, a one-way broadcast of blockchain data over four commercial geosynchronous satellites. At the time of the system’s launch, about two-thirds of the landmass of the globe was covered by blockchain broadcasts from on high. As of early 2019, a fifth satellite brought the Asia-Pacific region online, giving access to almost the entire globe. Also added in the 2019 release was an API that allows users to send files to the entire network.
[Source] https://hackaday.com/2019/04/02/radio-free-blockchain-bitcoin-from-space/
Reality is Stranger or Perhaps More Fantastic then Fiction
Elon Musk has a plan to place satellites in space in orbit around the earth providing everyone on earth WiFi to connect to the internet. The concept of building satellites to beam the internet all over the world for free or greatly reduced prices is neither new or original, but a very practical solution to a global problem. We have arrived at a point in time that such technology, if connected to the Lightening Network would literally mean everyone on the planet could use Bitcoin not just as a universal store of value, but also a uniform unit of exchange.
As you can see, BLOCKSTREAM has several technological achievements in the blockchain space, and their greatest skill is in developing side chains. They were a vital contributor to the development of the Bitcoin Lightning Network via development of the side chain, which was/is the backbone of the Lightening Network. They are partnering with Powerful forces within the cryptosphere to advance Commerce. They are also very invested in development of Non-Fungible Tokens, as a backbone of the development of commerce in video games and beyond.
The history of the Bitcoin, global disruption of the monetary system and financial markets is occurring now. It’s an amazing time to be alive...the future is happening now. Stay informed.
Penned and paraphrased by my hand.
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Blockstream, a company set up in 2014 by crypto-hacker Adam Back, aims to change that. They announced in 2017 the launch of Blockstream Satellite, a one-way broadcast of blockchain data over four commercial geosynchronous satellites. At the time of the system’s launch, about two-thirds of the landmass of the globe was covered by blockchain broadcasts from on high. As of early 2019, a fifth satellite brought the Asia-Pacific region online, giving access to almost the entire globe. Also added in the 2019 release was an API that allows users to send files to the entire network.
[Source] https://hackaday.com/2019/04/02/radio-free-blockchain-bitcoin-from-space/