Brazil launches bitcoin satellite node
However, this connection method has limitations — it can only be used to download data, but not to send it back to the network
14.07.2022 - 09:00
420
1 min
0
What’s new? Alessandro Cecere, product manager at Ledn, a crypto platform based in Brazil, has connected a bitcoin satellite node. According to Cointelegraph, this node downloads blockchain directly from the Blockstream satellite network. With this technology, anyone can download the full node to their device without an Internet connection.
A node checks the confirmed blocks and transmits them to neighboring nodes. It also transmits information about new (unconfirmed) transactions that users have just sent to the network.
What is known about the technology? Cecere connected to a Blockstream satellite after internet provider DirecTV left Brazil. He added:
“I recycled a dish that DirecTV had installed at my parent’s house more than 10 years ago and turned it into an access point to the most powerful monetary network on Earth.”
Miner believes that full satellite nodes are the next step toward further decentralization of the Bitcoin network. However, Cecere noted that this connection method has limitations — it can only be used to download data, but not to send it back to the network.
In January, SpaceX launched a SpaceChain satellite with the Velas blockchain node into space. In May, SpaceX launched the world’s first nanosatellite, called Crypto1, to connect blockchain networks and other Web 3.0 protocols into Earth orbit.
Useful material?
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024