March 17, 2015 at 12:17BitSat Nanosatellites with Bitcoin Blockchain
The ambitious project to launch the BitSat nanosatellite group into orbit to store the Bitcoin transaction chain has become closer to reality. Startup Dunvegan Space Systems has signed a contract with Deep Space Industries to produce 24 satellites for the program.
The startup is founded by Jeff Garzik, one of the key developers of the “official” Bitcoin Core client, and you can hope for community help with investments and donations for the project. All the same, this is a necessary and common business, which is important for the entire bitcoin infrastructure. Small BitSat devices measuring 10 x 10 x 30 cm (without solar panels) will work as orbital nodes in a common P2P network of bitcoin.
That is, these Bitcoin nodes will begin to function even in the absence of the Internet, with reliable blockchain hosting and away from earthly natural disasters and interruptions in communication.
Each satellite will be able to store the complete Bitcoin transaction chain, check it and exchange information with ground stations (speed up to 1 + 1 Mbit / s per uplink and downlink). If the specifications do not change, the devices will accommodate 256 GB of memory on two flash drives. This should be enough for the entire five-year service life, and there will still be 69 GB for the ten-day buffer needed for telemetry.
Each satellite passes over the ground station 4-14 times a day, and all of them will pass on each ground antenna more than 100 times a day.
Garzik saidthat the launch of the first satellites is planned somewhere after I quarter. 2016 year. According to the agreement, each BitSat will cost $ 1 million.
Compared to conventional satellites, these small “cubes” are quite inexpensive. True, we still need to add the costs of launching satellites and the construction of ground stations. It seems that another $ 19 million is planned for this (from the Dunvegan Space Systems booklet ). In addition, the FCC has not yet issued permission to use the frequency range.
Advance Satellite Design
Additional Information About BitSat Donation
Address
The startup is founded by Jeff Garzik, one of the key developers of the “official” Bitcoin Core client, and you can hope for community help with investments and donations for the project. All the same, this is a necessary and common business, which is important for the entire bitcoin infrastructure. Small BitSat devices measuring 10 x 10 x 30 cm (without solar panels) will work as orbital nodes in a common P2P network of bitcoin.
That is, these Bitcoin nodes will begin to function even in the absence of the Internet, with reliable blockchain hosting and away from earthly natural disasters and interruptions in communication.
Each satellite will be able to store the complete Bitcoin transaction chain, check it and exchange information with ground stations (speed up to 1 + 1 Mbit / s per uplink and downlink). If the specifications do not change, the devices will accommodate 256 GB of memory on two flash drives. This should be enough for the entire five-year service life, and there will still be 69 GB for the ten-day buffer needed for telemetry.
Each satellite passes over the ground station 4-14 times a day, and all of them will pass on each ground antenna more than 100 times a day.
Garzik saidthat the launch of the first satellites is planned somewhere after I quarter. 2016 year. According to the agreement, each BitSat will cost $ 1 million.
Compared to conventional satellites, these small “cubes” are quite inexpensive. True, we still need to add the costs of launching satellites and the construction of ground stations. It seems that another $ 19 million is planned for this (from the Dunvegan Space Systems booklet ). In addition, the FCC has not yet issued permission to use the frequency range.
Advance Satellite Design
Additional Information About BitSat Donation
Address
