"Blockstream Satellite" where bit coins can be used from anywhere in the world using artificial satellites

A service that makes it possible to use bit coins from anywhere in the world using artificial satellites orbiting the earth "Blockstream Satellite"Was announced.

Blockstream - Announcing Blockstream Satellite
https://blockstream.com/2017/08/15/announcing-blockstream-satellite.html

Technology has brought about changes in a variety of industries, but changes in the way "money" is changing. Bitcoin (Bitcoin), one of the synonyms of the virtual currency, penetrated the world widely in less than 10 years. In the future it is a bit coin and a virtual currency that even possibly possibly change the way of "money", but to make it more popular, for virtual currencyBlock chainWe are providing technologyBlockstreamBut"Blockstream SatelliteWe announced.

Blockstream Satellite is the service of broadcasting world's first bit coin transactions and blocks from satellites in outer space. With this service, anyone around the world, including those who are outside the Internet service area, will be able to access the bit coin network from anywhere. In advanced countries, there are few areas where the Internet can not be used, but there are people who can not use the Internet in the world4 billion peopleIt is said that there is also, so that the service to get those people to use bit coins is Blockstream Satellite.

The Blockstream Satellite service can be used in two-thirds of the world at the article creation stage. Blockstream commented, "As more people are accessing block chains of bit coins with Blockstream Satellite, it is expected that the use cases of bit coins will increase, and furthermore the robustness of the entire network will be enhanced."

Blockstream Satellite - Blockstream


Three artificial satellites, "GALAXY 18", "EUTELSAT 113" and "TELSTAR 11N", are running on the Blockstream Satellite at the time of writing, covering regions such as North America, South America, Africa and Europe. The following image shows the network status of Blockstream Satellite, the green area is the cover area, the light blue area is planned to cover in the future. Currently the Asia-Oceania region is out of service, but in the fourth quarter of 2017 new phones will be added as Phase 2.


As Boston revolutionized various industries such as communications, commercial transactions and publishing, "Bitcoin is revolutionizing money," Adam Buck, Blockstream said. Since bit coins are built on peer-to-peer technology, they are inherently digital, there is no central control and no permission is required for use.

In contrast, traditional currency and other financial systems have been issuing and managing currencies by the government for centuries. As a result, in Venezuela the currency value has declined due to falling oil prices and government corruption and hyperinflation has progressed, and in India the government announced the new monetary policy suddenly regulates 86% of existing banknotes to be unusable And the liquidity of the economy declines and depletion of banknotes has hindered many businesses. The feeling of crisis against these existing currencies is a factor that strengthens interest in more free currencies such as bit coins, Bak CEO.

ByBTC Keychain

In order for such bit coin to really change society to change society, everyone in the world needs to be able to use it. So it was born in the Blockstream Satellite that this service is fundamentally lowering the access cost to the bit coin network and it is necessary to make many people use bit coins throughout the world, The CEO says.