Bitcoin can be beneficial when the Internet in the universe becomes a reality

On Thursday, OneWeb announced launching a new rocket into space with 34 satellites. This is the sign of a great start to the new decade. It looks like 2020 will be the year that OneWeb and its rival SpaceX race to turn global broadband into a reality. That could also be beneficial for Bitcoin.

Bitcoin can be beneficial when the Internet in space becomes a reality

According to OneWeb CEO Adrian Steckel, the launch on Thursday is expected to be the first of 10 times OneWeb is expected to be completed this year. OneWeb extends the facilities of internet broadcasting satellites to more than 300. Steckel noted that each launch will carry at least 34 satellites, each about the size of a refrigerator.

When the system is deployed, it will allow users' terminals to be able to provide 3G, LTE, 5G and Wi-Fi coverage, providing high-speed access worldwide by road. by air, by sea and by road.

As noted in the report, the satellites are in extremely high orbit 450 km. However, they will slowly increase and operate in orbit 1,200 km.

The Internet race in the universe is starting

OneWeb plans to officially open its business in 2021 and will be able to provide 24-hour coverage worldwide. It will start by selling services to government and corporate customers that provide internet services for airplanes, ships and boats. Eventually, the company will sell bandwidth to consumer internet providers, as Verizon, Steckel stated.

Meanwhile, OneWeb became the main competitor of Elon Musk. Starlink in the race to the universe. SpaceX is the only other company that currently manufactures telecommunications satellites on such a large scale. Both companies are based on the idea of ​​satellite internet business: connecting people using non-traditional technology to provide people with high-speed internet services.

SpaceX has launched its 240 Starlink satellites, with the approval of the US Federal Communications Commission. The agency has granted SpaceX with the ability to shoot 12,000 Starlink satellites into space. In addition, the company has submitted an international regulatory body to gain approval to launch an additional 30,000 satellites.

Bitcoin can be beneficial when the Internet in space becomes a reality

Bitcoin benefits from global Internet coverage

Meanwhile, this is good news for Bitcoin, as the same global broadband satellite can be used to broadcast the blockchain of any cryptocurrency. Currently, there is a project that involves the transmission of BTC transactions over space - Blockflow Satellite - which is a series of asynchronous satellites that provide the full Bitcoin blockchain to users without internet access.

This project could potentially guarantee redundancy and eventually open technology to the entire planet. If Blockflow Satellite satellites and other space-based Bitcoin nodes are integrated with the help of the space internet, this will create an alternative gateway for the cryptocurrency blockchain regardless of the infrastructure. internet available.

Mr. Teacher

Bitcoin Magazine | Beincrypto

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