A South American blockchain startup has just recently revealed its primary Bitcoin [BTC] node linked to the Blockstream satellite network within Venezuela.
In line with a recent official report from Cryptobuyer, the new launch of the node will ensure that the Bitcoin [BTC] blockchain for Venezuela users without being used in an area without having an active internet connection. Cryptocurrency training course provider AnibalCripto deployed the node while CryptoBuyer offered financial and logistical support.
“Having a 24/7 always-available virtual money system independent of native internet infrastructure is now a reality,” added AnibalCripto CEO Anibal Garrido. “With this new development, we are not any longer subjected to the requirements like the utilization of an online Service Provider, which might attempt to break the principles of privacy & decentralization that are the foundations of this cypherpunk technology.”
Additionally, the node had the power to offer “real and tangible products that solve real-world associated issues” within Venezuela, consistent with CryptoBuyer CEO Jorge Farias. As of 2017, the country had one among the slowest recorded internet speeds within the world at 2.8 Mbps. Technology that offers internet-free Bitcoin transactions might be quite appealing to cryptocurrency users. Farias added:
“Users can’t afford to be halted from using the Bitcoin network.”
Cryptobuyer added that it might assist within the installation of additional satellite nodes in the capital, Caracas, along with the southern state of Bolivar state, with the goal of offering all Venezuelan users better access to the Bitcoin blockchain. Users within range of the nodes will reportedly be ready to link via native mesh networks.
The Blockstream service – consisting of six geostationary satellites – offers data sharing to cryptocurrency users in nearly every corner of the world. The Canada-based blockchain firm revealed that earlier in the month of May, it had upgraded its satellite network that carries the Bitcoin blockchain for the primary time since 2018. The firm added that the new technology has “the ability to sync a Bitcoin full node all the way from the genesis barricade to today.”