RATE Group | Now Transact Bitcoin Through Blockstream’s Satellite Technology
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Now Transact Bitcoin Through Blockstream’s Satellite Technology

04 Aug Now Transact Bitcoin Through Blockstream’s Satellite Technology

Posted at 18:57h in Bitcoin News by

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Now Transact Bitcoin Through Blockstream

The technology in the domain of blockchain has taken now another joint leap with Bitcoin registering the swop against the dollar through the satellite broadcast network of Blockstream. This is for the very first time that the transaction via satellite took place and it is considered as a milestone in the journey of Bitcoin and blockchain technology. The network of Blockstream is unique in the sense that it broadcasts the Bitcoin blockchain directly from the satellite. This means there will be no interruptions caused by the irregular power cuts neither the process is going to be hampered by the availability of the internet. Everyone who is interested in the Bitcoin can have access to coin without any kind of interruption.

Benefits of Satellite Technology

The idea behind the use of satellite is to reduce the cost barriers that are associated with a conventional method of accessing the Bitcoin. The easy access to the Bitcoin via this new method means more people will able to adopt the…

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