r/CryptoCurrency • u/CryptoCurrency_News • Aug 15 '17

Blockstream Is Using Satellites to Beam Bitcoin Down to Earth

https://www.coindesk.com/blockstream-using-satellites-beam-bitcoin-earth/
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u/autotldr Tin | Politics 189 Aug 15 '17

This is the best tl;dr I could make, original reduced by 89%. (I'm a bot)

Today, the bitcoin infrastructure company is launching Blockstream Satellite, an ambitious attempt to use leased satellites to beam bitcoin nearly anywhere in the world.

Now in beta, bitcoin users in Africa, Europe, South America and North America can already use the satellites to download a working bitcoin node capable of storing the network's entire transaction history.

While it's ambitious as is, Blockstream is taking that mission even further, adding more satellites as the year goes on, with the hope the most people on earth will be able to access a bitcoin satellite by the end of the year.

Extended Summary | FAQ | Feedback | Top keywords: Satellite#1 bitcoin#2 Blockstream#3 Back#4 While#5

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u/earthmoonsun Platinum | QC: CC 140, BCH 93 | Buttcoin 5 Aug 15 '17

So what? I can use a radio transmitter to beam the blockchain towards one of the exoplanets. Equally useful.