Blockstream has just upgraded its satellite network, which has been carrying the Bitcoin blockchain for the first time in almost two years. The data rate is now 25 times faster and users can synchronize an entire node without connecting to the web.
The blockstream satellite service offers Bitcoin (BTC) transactions without internet and information exchange for crypto users in almost all parts of the world. The company has leased six geostationary satellites that will be used to transmit the blockchain to Africa, Europe, South and North America, and the Asia-Pacific region.
According to an announcement made on May 4 on the company’s website Blockstream 2.0 Satellite from the Canadian blockchain company Contains a standards-based transmission protocol, more bandwidth, additional coverage areas and “the ability to synchronize an entire Bitcoin node from the Genesis block to the present day”..
Broadcast the entire history of BTC from space
The ad said:
“Instead of requiring users to connect their entire Bitcoin node to the Internet for initial synchronization, as was the case with Satellite 1.0, Blockstream Satellite 2.0 now enables full story synchronization! Blockstream Satellite users can connect a full Bitcoin node and fully download the entire Bitcoin blockchain, from the original Genesis block from 2009 to the latest transactions today … absolutely nothing is needed from the internet! “
The expanded network is the first update since Blockstream introduced an API (Application Programming Interface) for its first version of the protocol published in August 2017 in December 2018.. The DVB-S2 protocol for version 2.0 has been reported to improve spectral efficiency and signal reliability, offer higher bit rates, and increase data capacity and bandwidth.
Blockstreams Chief Strategy Officer (CSO), Samson Mow took the opportunity to meet the rival blockchain Ethereum, comment on Twitter “Synchronizing a new Bitcoin node over the blockstream satellite takes less time than synchronizing a new Ethereum node over the broadband.”