Published On: Wed, Aug 16th, 2017

Blockstream Introduces Satellite Systems to Access the Blockchain

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Sending money via GPS satellite sounds like something from a science fiction movie, but soon it could become a real service for people to use all over the world. Blockchain specialist company Blockstream has introduced satellites that can help people that don’t have internet access the Bitcoin network.
Beaming Blocks Via Satellite
Blockstream, a leading company in blockchain technologies, has introduced a brand-new way to interact with the Bitcoin blockchain. Marketed towards people without easy access to reliable internet, they have leased out bandwidth on three satellites that are currently in orbit around the planet. These satellites will allow people all over the world to have access to the blockchain and transmit bitcoin transactions.

This new system to interact with Bitcoin could be revolutionary for people in areas such as Africa and Asia. Currently, there are only five full nodes operating in all of North and West Africa. This presents another possible bottle neck of centralization; internet service providers. The new satellite system along with other new, intuitive methods of distributing the blockchain to people all over the world will allow for further decentralization efforts.
Building Full Nodes from Space
The idea behind the satellite is that node …

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