Bitcoin Adoption To Thrive From SpaceX’s Internet-providing Satellites?
One of the hurdles plaguing Bitcoin adoption in emerging countries is the fact you need an active internet connection to send and receive digital currency. Certain countries offer some form of Internet connectivity to locals at high prices, making it less appealing to use Bitcoin. But if SpaceX has a say in the matter, their satellites will be providing internet access all over the world. SpaceX has quietly opened new offices in the Seattle area, and those offices will be focusing on Elon Musk’s new project. According to the information we have received, the Seattle SpaceX offices are....
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The supersonic price rally in the StarLink crypto market appeared as SpaceX launched 53 Starlink orbit satellites into space on Saturday. In a bizarre event, a cryptocurrency with the same name as SpaceX’s satellite range Starlink jumped over 140% as Elon Musk’s space technology company launched 53 of them into the Earth’s lower orbit.Watch Falcon 9 launch 53 Starlink satellites to orbit → https://t.co/bJFjLCzWdK https://t.co/dgHuF6SIZ4— SpaceX (@SpaceX) November 13, 2021 Written as StarLink (STARL), the little-known crypto rallied 13.70% on Nov. 13 — the day of the satellite launch,....
For Bitcoin adoption to thrive around the world, proper Internet access will be needed. However, that Internet access does not have to be similar to fiber optic speeds, as using Bitcoin does not require that much bandwidth from a transaction point of view. Bringing Internet access to poor people has been quite a challenge, but non-profit Outernet may....
A partnership to launch satellites broadcasting the bitcoin block chain from space has been announced by bitcoin core developer Jeff Garzik. Garzik's Dunvegan Space Systems, in partnership with a company called Deep Space Industries Inc., plans to build satellites called 'BitSats' as part of a bitcoin orbital system, providing redundancy to the network. The non-profit endeavor plans to have a node in space as a backup in case of terrestrial failure for the Bitcoin network. Garzik said in a statement: "We want to keep bitcoin healthy and free by finding alternative ways to distribute block....
Bitcoin has already spread rapidly across the globe, but now one of the currency's core developers wants to take it where no virtual currency has gone before - space. Developer Jeff Garzik plans to launch several tiny satellites into space which will serve as a node on the bitcoin network. Historically, it has cost tens or hundreds of millions to launch satellites into space, but a new generation of privately-funded, bootstrapped satellite services has changed all that. Cubesats. Garzik's project involves building 'cubesats', which are standard, small-sized satellites, typically measuring....
The Consumer Electronics Show for 2016 is just around the corner, and a lot of eyes will be on how the technology industry will keep evolving throughout the next few years. These evolutions are of great importance to the Bitcoin community as well. With more and more internet-connected devices, Bitcoin adoption can thrive in due time. There are quite a few different types of internet-connected devices in existence already. Other than computers and mobile device, home automation is another market where internet connectivity plays a big role. Controlling electronics from one’s mobile device....