Blockstream uses Lightning to transfer Bitcoin by satellite

posted 6 months ago
Bitcoin users’ ability to send transactions through outer space has just been given a boost, as blockchain tech firm Blockstream expanded its satellite service to the Asia-Pacific region. It also added support for Lightning Network transactions.

The company first launched Blockstream Satellite in August 2017, which lets Bitcoin users transfer Bitcoin through leased satellites. CEO Adam Back said “There are third-party developers that have taken an interest to build local infrastructure using the satellite service, for example connecting it with mesh networks to make Bitcoin more accessible in emerging markets… The system is designed to auto-recover from a 24-hour outage in user equipment, by continuous retransmission of recent data as well as live data.”
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