Blockstream Upgraded its Bitcoin transactions made via satellite using lightning payment. Users who want to transfer bitcoin but No internet? Now Bitcoin users will be able to transact directly through satellite.
According to Coindesk, The company called Blockstream had launched a Blockstream satellite on August 2017, this will allow the users to transact through the satellite.
This system is for users who don’t have internet access in their area. As for now, it has started for users in America, Africa, and Europe they will be able to use satellite to transact.
How can investor transfer through Satellite?
First, the user needs to have a separate reviver device like a “small satellite dish”. Then connect it with a computer which will use an open source software such as GNU radio will be used to operate the connects.
Blockstream CEO Adam Back said, their company solves the problem of users who don’t have access to the internet. The API of lightning network is also integrated to make the transaction faster.
Back added that,
“Lightning adds privacy due to its use of onion routing, and off-chain netting; and lightning better supports micropayments that are lower transaction cost, faster and more scalable.
This is best for people who have the fear that their internet provider will be able to see their transactions. Now they can use this service to transact bitcoin directly using satellite.
The company mentions the service to give the best network up-time and also is redundant and reliable.
This solution is best for poor internet access in Africa. Because, we know that only 6% of Africans have broadband internet access.
Would you transact using the satellite? let us know in the comments below.