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Blockchain Blockstream development company has expanded its satellite service and is transmitting the Bitcoin blockchain (BTC) to all the main land masses of the Earth, according to Forbes on December 17.
The broader coverage – which comes via the addition of a fifth leased satellite – leads to potential Bitcoin Internet transactions and the sharing of information to encrypted users in the Asia-Pacific region. The satellite service, still in beta, had already been available throughout Africa, Europe, the South and North America.
Blockstream has also launched a new application programming interface (API), which allows the use of satellites to exchange encrypted messages and pay them with micropayments on the Lightning network. Blockstream CSO, Samson Mow, contextualized the move, saying: "Bitcoin has always had to do with uncensurable money, and now we also have unconditional communications."
As Forbes points out, the ambitious Bitcoin space initiative aims to free the use of cryptography from Internet access dependency and make the security of the Bitcoin network extremely robust. Blockstream CEO Adam Back told the magazine:
"We see the greater robustness of the bitcoin network and lower cost of ownership helping to help companies rely on backup service and emerging markets as primary access to the bitcoin network at a lower cost."
With its latest expansion, the Blockstream Satellite covers the entire globe, with the exception of the remote regions of Greenland and Antarctica. In addition, the data now transmitted by the satellites cover all the historical data of Bitcoin transactions, rather than just the immediately preceding blocks, as in the previous iterations of the project.
When it announced its satellite project for the first time in August 2017, Blockstream launched the goal of "connecting everyone on the planet" in the face of limited access to the global Internet and even more online freedom. limited.
As reported, the idea of launching Bitcoin relay satellites is not new, with Bitcoin's BitSin pioneering Bitcoin scheme, which seeks to do just that in 2014, even though the initiative has since stuck .
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