A blockchain startup Blockstream launched its fifth satellite. It now allows it to stream Bitcoin’s (BTC) blockchain to all Earth’s continents.
According to Forbes, this means that the world will no longer need internet access to process Bitcoin transactions anymore. Blockstream is broadcasting the entire BTC blockchain via its 5 satellites in Earth’s orbit. Moreover, a new API allows users to send encrypted messages to each other from nearly any place on the planet and pay for them in Bitcoin via the Lightning Network.
This is big news for Bitcoin, as it is effectively feeing itself from the limitations of the internet and the internet service providers.
“We see the increased robustness of the bitcoin network and the lower cost of participation contributing to helping businesses rely on the service for backup,” – said CEO of Blockstream Adam Back.
“And for emerging markets to use as their primary access to the bitcoin network at a lower cost.” – Back added.
The fifth satellite joined the previous four, positioned to broadcast to Europe, North and South Americas and Africa. The latest addition to the set covers the Asia-Pacific region. This means that all major landmasses will now be covered with an exception of Greenland and Antarctica.
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