Venezuela sees its first Blockstream Bitcoin satellite node

Publicado en by Cointele | Publicado en

Mencionado en este artículo
"Users can't afford to be cut off from the Bitcoin network."

Listen to article A Bitcoin services startup based in South America has just launched the first Bitcoin node connected to the Blockstream satellite network within Venezuela.

According to a Sept. 25 blog post from startup Cryptobuyer, the launch of the node will keep the Bitcoin blockchain updated for Venezuela users without being dependent on a local internet connection.

Crypto training course provider AnibalCripto deployed the node while CryptoBuyer provided financial and logistical support.

The addition of the node had the ability to offer "Real and tangible products that solve real-world problems" in Venezuela, according to CryptoBuyer CEO Jorge Farias.

As of 2017, the country had one of the slowest recorded internet speeds in the world at 2.8 Mbps. Technology which offers internet-free Bitcoin transactions could be quite appealing to crypto users.

Cryptobuyer stated it would assist in the installation of additional satellite nodes in the capital, Caracas, as well as the southern state of Bolivar state, with the goal of providing all Venezuelans better access to the Bitcoin blockchain.

The Blockstream service - consisting of six geostationary satellites - provides information sharing to crypto users in nearly every corner of the world.

The Canada-based blockchain company announced in May that it had upgraded its satellite network that carries the Bitcoin blockchain for the first time since 2018.

The company stated the technology had "The ability to sync a Bitcoin full node all the way from the genesis block up to today."

x