Business First Bitcoin satellite node installed in Venezuela allows transactions...

First Bitcoin satellite node installed in Venezuela allows transactions without Internet connection

The first Bitcoin satellite node installed in Venezuela It facilitates permanent access to that network without an internet connection, the startup Cryptobuyer reported this September 25 through a message posted on Twitter.

According to its publication on Medium, the Bitcoin satellite node is connected to the Blockstream satellite network, launched by the Bitcoin infrastructure.

The satellite node was deployed by the Venezuelan Aníbal Garrido, CEO of @AnibalCripto, with the assistance of Álvaro Pérez, programmer from Valencia, Carabobo state. Cryptobuyer provided financial and logistical support, reports the Correo del Orinoco web portal.

Pérez stressed that they downloaded the whole blockchain and made the first transaction through a Bitcoin satellite node in Venezuela on September 23 from the city of Valencia.

“We receive bitcoins through the satellite connection without any internet connection. It was a moment of great achievement ”, underlined the Programmer.

Bitcoin from Venezuela

The launch of the Bitcoin satellite node is the first step in an alliance between Cryptobuyer and Blockstream in Venezuela.

The installation of additional nodes will continue in Caracas, the capital of the country, and in Bolívar state (in the south of the country), to later offer national coverage.

Bitcoin users in the vicinity of the satellite nodes will connect through local mesh networks.

Digital money available 24 hours

“Having a digital money system always available 24 hours a day, 7 days a week, independent of the local Internet infrastructure, is now a reality,” said Anibal Garrido, CEO of AnibalCripto.

He also added that “With this development, we are no longer subject to requirements such as the use of an Internet Service Provider (ISP), which may attempt to break the principles of privacy and decentralization that are the foundations of this cypherpunk technology.”

Blockstream Satellite broadcasts the Bitcoin blockchain from space, providing the opportunity to use Bitcoin regardless of your internet connection.

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