New Bitcoin Satellite Receiver Setup Is Successful By Cypherpunks Taiwan
- Taiwan recently installed a Bitcoin Satellite Receiver.
- Taiwan is the second country to install such a receiver, though China still has a ban against them.
China is one of the dominating countries in the world when it comes to cryptocurrency mining. However, there’s a strict policy against erecting Bitcoin satellite receivers, unlike other areas in Asia. Now, recent reports from Blocktempo, another Bitcoin satellite receiver has been erected by Cypherpunks Taiwan. Taiwan is only the second country in Asia to install such a satellite after Japan added one last year.
This new setup is part of the Blockstream satellite project, which has seen a lot of controversy. China is known for implementing censorship laws, which is probably why projects like these are first showing up in Taiwan and other countries with progressive stances on cryptocurrency.
The cost of setting up the Bitcoin satellite receiver is fairly low, costing 13,000 Taiwanese dollars ($418 in USD) and requiring specific components described by Blockstream. The GitHub page for Cypherpunk Taiwan offers a more detailed version of this process.
The use of a satellite to run a Bitcoin node is still a hassle, since the blockchain is quickly reaching 240GB. Still, for consumers that have the ability or even the necessity, the Bitcoin blockchain can be accessed by the Blockstream satellite network at any time of day, thanks to the coverage it affords. A full in-depth tutorial can be viewed at hackernoon.com.
At this point, the current transmission regulations are rather strict, which means that the installation is only capable of receiving messages at the moment. However, co-sponsor Chen Bowei of the Cypherpunk Taiwan project has stated that the company is looking into getting a license. Still, technology can be used for much more than the storage of blockchain data.
“Information received by the satellite receiver is not just for trading over the Bitcoin network, but also information from all over the world. For example, the previous Nakamoto Chong Treasure hunt is transmitted via Bitcoin satellite.”
Right now, developers are still working to find ways to send and publish news that is free of censorships. A developer that is only known as SafetyFirst says that finding a way to interact like this would offer reporters a new medium for the highly controlled media.
The coverage that Blockstream provides is excellent in most parts of the world, particularly in Africa. If the entrepreneurs behind this movement can get the funding they need, their skills may make it possible to send Bitcoin through space.