Bitcion Takes Blockchain To Space

Blockstream’s Blockchain Satellite confirms the success of its first transactions, as Adam Back – the CEO announced over Twitter.

He did so while quoting Grubles – the creator of BitcoinVPC, the satellite node of which did successfully receive transactions via blockchain tech with disabled networking.

A week prior to the event today, Blockstream released a report informing everyone that it will be using leased satellites to transmit the Bitcoin Blockchain around the globe almost in all continents to those that use the company’s beta and able to download a functional Bitcoin node.

Using a personal computer or a dedicated hardware like a Raspberry pi and a 45-cm satellite dish, users can experience the development.

Adding the open-source software like GNU Radio, the radio connection can come true. However to make a transaction still internet is required while on the other hand Back is sure that SMS would work too.

For developers and companies to be able to deliver data via satellite for a small fee, based on what Back stated Blockstream will be going to release an API for the sole purpose.