Cryptocurrency Is Strengthened By Space Exploration

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In this image taken from NASA TV video, the SpaceX Dragon crew capsule, with NASA astronauts Doug … [+] Hurley, left, and Robert Behnken aboard docks with the International Space Station Sunday, May 31, 2020. It was the first time a privately built and owned spacecraft carried astronauts to the orbiting lab in its nearly 20 years. (NASA TV via AP)

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One of the most curious things about the emergence of cryptocurrencies has been its tie to a nascent movement in commercial space exploration and commercial space launches. At first, it seems like an odd fit — until one begins to understand that private modules and satellite communications as well as further space exploration dovetails with the ideological and practical effects of cryptocurrency.
Start with Blockstream’s satellite API for bitcoin. This 24/7 broadcast of the latest state of the bitcoin blockchain from space serves a number of purposes, providing another layer of communication as a backup. With six satellites up currently, coverage spans most of the world.
Bitcoin’s peer-to-peer network is distributed and resilient, but it still suffers from dependencies. There is a need for nodes to connect to the Internet in order to communicate with one another to reach consensus. While an …

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