Blockstream Inc. to Launch Satellite for Better Bitcoin Proliferation

Blockchain technology company BlockStream Inc. is planning to launch a satellite that can broadcast bitcoin data, reaching areas of the world without Internet access or those where bandwidth costs discourage participation in bitcoin.

The satellite will be able to provide free access to the Bitcoin blockchain, sending and recirculating blocks in real time. The company says that it is the first public satellite service that will allow anyone to manage Bitcoin nodes without being constrained by traditional network connectivity.

Dr. Adam Back, CEO and co-founder of the company, additionally said that the permissionless nature of Bitcoin allows anyone to create innovations that use blockchain technology freely.


Source: Silicon Angle

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