Blockstream Uses BTC’s Lightning Network Payments to Boost Bitcoin Satellite
Blockstream has announced today, December 17, that its satellite service of the Asia-Pacific region has finally received the support from the Lightning Network. Now, users will be able to use the layer 2 scaling solution in order to boost the speed of using the satellite services.
The first Blockstream satellite was launched last year, in August. The satellite technology is used to let Bitcoin transfers be made via satellites. First, the system was only usable the in Europe, Africa and the Americas but now users from Asia will also be ready to use it.
According to Adam Back, the CEO of the company, the service is mainly aimed at individuals that have a limited internet access and that could have issues accessing their Bitcoin. The service has received good reviews since then and now the company has decided to upgrade how everything works.
Back affirmed that there are third-party developers that are already creating services using the product and that he hopes that the network will be even more accessible for people soon. The addition of an API that can be integrated with the Lightning Network is great news, then.
According to Back, the Lightning Network can add more privacy for users who want to use onion routing and off-chain netting. Also, it supports micropayments, which is good to lower the transaction cost using the technology and, finally, it can make it more scalable.
Scalability was an issue for most crypto ecosystems during 2018, so adding the new scalability option will certainly not be a bad idea. While he did not share any statistics, Back affirmed that the system is being implemented and will facilitate the lives of the users a lot.
To use the service created by Blockstream, users will need a small satellite dish, just like the ones that people use on TVs, and connect it via USD to a computer or any kind of dedicated hardware that can be used to make crypto transactions.
He explained that people will be able to make transactions without their internet services provider knowing, in case this is what they are afraid of.
The system was created to be resilient and to make transactions without failures. Obviously, the LN is prone to some glitches and faults, as we all have witnessed when it was launched, but as far as the satellite product is considered, the transactions are stable.