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Bitcoin in space: the first transaction through a satellite distributing a block

Blockstream conducted its first "space" transaction, as reported by Adam Back, CEO. Back refers to the Twitter creator BitcoinVPS Grubles, whose transaction has successfully passed through the satellite, on a computer with the Internet turned off.About it informs Cointelegraph.

Last week Blockstream announced that it would use leased satellites to distribute Bitcoin's blockade around the world.

Africa, Europe, South America and North America are the first regions where users of the beta version of the company's product can download a fully functioning Bitcoin network.Blockstream is committed to making Bitcoin accessible to people from countries with poor Internet infrastructure and volatile currencies.

The system is designed to provide a 64 kbit / s connection, which "provides enough bandwidth to reliably maintain synchronization with the network with a modest delay," according to Adam Beck.Users will need a 45-centimeter satellite dish, for example, from satellite television, as well as a personal computer or specialized equipment, for example, based on Raspberry Pi.

A radio connection can be installed using open source software, such as GNU Radio.The transaction still requires an Internet connection, but Back is sure that the connection via SMS will be enough.

According to Blake, Blockstream is going to release a special API for developers and companies that will allow data transfer via Blockstream satellites for a small fee.The former Bitcoin Core developer Jeff Garzik planned to launch a similar BitSat project in 2014, but suspended work on it.