Jeff Garzik Announces Partnership to Launch Bitcoin Satellites into Space
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....
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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....
Late last year, we heard the first plans from bitcoin core developer Jeff Garzik to launch bitcoin mini-satellites into space. Today, we're getting a little more information on the project. Apparently, Mr. Garzik's Dunvegan Space Systems has formed a partnership with Deep Space Industries to built tiny "BitSats" that will broadcast the block chain from earth orbit. The plan? Offer redundancy to the bitcoin network in the event something catastrophic happens down on earth. Smart, don't you think? The plan is still very much coming together, but the idea is to build CubeSats that measure 10....
Bitcoin Core Developer Jeff Garzik plans to use cubesats as full Bitcoin nodes. Read the original story on Coindesk. Bitcoin Core Developer Jeff Garzik has plans in motion to launch several small cube satellites [cubesat] into space. These satellites would serve as a full node for the Bitcoin network, presumably as an "honest source" of the Bitcoin blockchain. All that is needed to stop a Sybill attack is one honest node, and this node in space would be that node. This cubesat node would be in orbit and would broadcast a verified blockchain to any node that will connect with it.....
Bye-bye Gox and hello BTC debit cards! Not entirely sure what I'm talking about? Take a look at this week's news roundup to get up to speed with the latest developments in the world of digital currency. Mt. Gox announces commencement of bankruptcy proceedings: This week we bid our final goodbye to Mt. Gox as a company when bankruptcy proceedings were announced in Japan. The troubled bitcoin exchange officially filed for liquidation last week. A group of investors made a last ditch attempt earlier this week to stop the company from being liquidated, but a deal didn't materialize. Jeff....
Bitcoin into space. Bitcoin is preparing to launch satellites into space as a means of 'Global' backup to the blockchain. Matthew Sparkes, writing in The Daily Telegraph, a UK national newspaper, writes that, Bitcoin's blockchain is to be sent into space in order to reduce coin volatility and ensure safety from major cyber attacks. The blockchain is a constantly changing documents that records all transactions as well as who owns all coins. Bitcoin is dependent on access to the blockchain to verify all transactions and now Jeff Garzik, one of the main contributors to the Bitcoin source....