Bitcoins in Space: BitSat to Protect Bitcoin's Future in Orbit
One of the biggest misconceptions is Bitcoin is somehow not secure. Critics will point out that exchange failures are some inherent weaknesses in Bitcoin, and that it cannot be trusted as currency. Advocates point out that Bitcoin theft is very low when people manage their own Bitcoins, as creator Satoshi Nakamoto intended. Now, a true innovation is taking Bitcoin into an orbit near you. BitSat can handle Bitcoin's Block Chain in Space. BitSat is the brainchild of Jeff Garzik, founder of Dunvegan Space Systems that will enhance Bitcoin's transactional security, plus the digital currencies....
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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, for the safety of the user's financial transaction, will be in space in the near future - this was a proposed idea given by Jeff Garzik who is the core Bitcoin developer and founder of Dunvegan Space Systems. Up to this day, this has not been an idea or proposal any more. A recent business deal gives touches to take a step forward where there will be microsatellites, which will be Bitcoin-enabled. For the proposed BitSat program, Mr. Garzik has already signed a business deal with the Deep Space Industries, which implies that DSI will have to manufacture 24 nanosatellites for this....
An ambitious plan to launch bitcoin-enabled microsatellites has taken a step forward with a new business deal. Dunvegan Space Systems, a startup led by bitcoin core developer Jeff Garzik has signed a manufacturing contract with Deep Space Industries (DSI) that will find it constructing 24 nanosatellites for its proposed BitSat program. The BitSat cluster will act as space-bound bitcoin nodes and is the first of a planned series of nanosatellites. Additional BitSats will be available for purchase at $1m apiece, according to the company. Garzik told CoinDesk the launch phase of the project....
Blockchain technology will allow the world to accomplish many great things in the near and distant future. While the art of growing vegetables in space may have nothing to do with this technology directly, the documentation process of growing food in space, as well as delivering it to consumers, could benefit from blockchain technology. The International Space Station crew will try their hand at eating fresh food grown in space later today. NASA’s Veg-01 plant experiment may be one of the most significant breakthroughs in space we have seen since landing on the Moon itself. By studying the....
"The idea is that if you can provide a root of trust that is literally in outer space, you have something that has an unprecedented level of security because this is a fully tamper-proof Trusted Execution Environment." At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one of those grandiose ideas that never got much further than a vague outline in an ICO white paper back in 2017.But when the plan comes from a team including a Google X engineer and the co-founder of the first private mission to reach the moon, the project suddenly....