A plan to launch BitSat dedicated satellite "BitSat" is ongoing

ByChris Devers

Online virtual currency "BitcoinIt was revealed that a company launched by a central figure in the development of "Bitcoin (bit coin)" started a project to distribute Bitcoin's transaction data not only on the Internet but also from the universe using the satellite "BitSat" It was. Bitcoin exchangesGreat turmoil by Mt.Gox (Mount Gox)Although it is a new place to memorize, the Bitcoin world still seems to continue to progress.

Jeff Garzik Announces Partnership to Launch Bitcoin Satellites into Space
http://www.coindesk.com/jeff-garzik-announces-partnership-launch-bitcoin-satellites-space/

This project is a startup companyDunvegan Space SystemsWith the company, the private enterprise that deals with the space development projectDeep Space IndustriesDr. Jeff Garzic, who invented Dunvegan Space Systems, and is one of Bitcoin's core developers. Mr. Garzic is "the basis of the Bitcoin systemBlock chainIt is a project to build a new way to deliver the data, keep Bitcoin healthy and free, "he said.

Satellites used as BitSatCubeSatIt is a satellite that is only 10 centimeters square in size called "Cube Sat", and will share with others when launching other large satellitesPiggyback satelliteIt is a kind of.


BitSat put into the satellite orbit is supposed to operate as one of the nodes transmitting transaction information far from the sky and when some obstacle occurs on the ground network by constructing a redundant network It is expected to also work as a backup.

Data from BitSat will be redistributed by a specialized provider, but it is said that anyone can receive it freely if the equipment such as a parabola antenna is installed. The dedicated receiver is promoting development targeting below $ 10,000 (about 1 million yen).


The budget for development is around 2 million dollars (about 200 million yen) and it is a forum on Google GroupBitSat projectDonations are being recruited as debates are underway.