Bitcoin Satellites? Blockstream Hints at “Coming” First Release
Array

Bitcoin Satellites? Blockstream Hints at “Coming” First Release

-

- Advertisment -

The cryptocurrency community is speculating over the new product Blockstream has announced it will soon release.

In a teaser video about its project, Blockstream says it wants to “connect everyone on the planet” in the face of limited global Internet penetration and even more limited online freedom.

The video specifically shows a satellite orbiting Earth, along with some basic facts about Bitcoin. This, social media commentators are saying, suggests Bitcoin transactions broadcast via satellite.

“As [Elon Musk] & SpaceX revolutionized spaceflight, Blockstream will do the same for Bitcoin. It’s coming,” CSO Samson Mow tweeted linking to the video.

Queries are already surfacing as to whether there is an official relationship between Blockstream and SpaceX, the latter aiming to launch thousands of satellites into space by around 2019.

Mow added today that more information would be available “soon” without expanding on a timeframe.

The idea of launching Bitcoin relay satellites is not new, with former Core developer Jeff Garzik’s BitSat scheme seeking to do just that in 2014 but since falling silent.

Blockstream contains some of the most well-known figures in Bitcoin, several of whom such as Luke-jr and Greg Maxwell also work on the cryptocurrency’s own technical integrity.

In May, the company sent the first ever Lightning Network transaction on Litecoin after the altcoin enabled SegWit.

Source link

Latest news

5 of the Best Crypto Jobs Sites

The cryptocurrency and blockchain job market has exploded. With new blockchain start-ups and projects being founded at...

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...
- Advertisement -Bitcoin Satellites? Blockstream Hints at “Coming” First Release

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

Must read

5 of the Best Crypto Jobs Sites

The cryptocurrency and blockchain job market has...

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued...
- Advertisement -

You might also likeRELATED
Recommended to you