Blockstream to Update Satellite Firmware With FIBRE Tomorrow; Will be Down For One Hour


After the introduction of the Blockstream satellite, the range of the Bitcoin wireless broadcast has improved vastly.

Recently, Blockstream confirmed on their Twitter account that the satellite is scheduled to get an upgrade on January 16.

The tweet further notified users of an upcoming interruption of service that will coincide with the planned update. The process is scheduled to start at midday EST and is expected to run for an hour.

In addition to fixing bugs, the upgrade is expected to increase the flexibility of the blockchain protocol. Furthermore, all users will have to install the new software, known as the ‘Satellite Software v1.1.0.’ Another new functionality is the integrated API.

In a related tweet, Adam Back, the CEO of Blockstream, said that the new software will use compact blocks that have a considerably lower latency as compared to the existing blocks.

The primary role of the Blockstream satellite is ensuring that Bitcoin users across the world enjoy uninterrupted access to the blockchain network. To access the API, users will have to make payments using Bitcoin’s Lightning Network.

Lastly, the Blockstream satellite enables users to connect to the internet wirelessly. In this regard, one user on Twitter urged Blockstream to develop a mining pool that is operable using satellites.

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