Space travel is giving the future of cryptocurrency a boost for one surprising reason

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For a number of reasons, space technology is beneficial for cryptocurrencies. These include added security to network nodes as well as more widespread use of the internet generally.Addressing this latter point is one of the potential strengths of satellite internet. Cryptocurrencies, obviously, can only work if people have access to the web. {%=o.title%}

But in 2016 the World Economic Forum stated that over 4 billion people around the world do not have ready access to the internet.Infrastructure is of course a problem here. As of 2016, 15 percent of the global population didn’t have electricity, let alone access to the internet. 31 percent didn’t have 3G data coverage.The WEF added that broadband internet is only completely affordable for residents in 29 countries, and said it was “urging government to introduce policies that aim to improve infrastructure coverage and quality”.But setting aside the issue of affordability, infrastructure presents a big hurdle for many when it comes to internet access, as building telephone lines or data cables to isolated or mountainous regions can be big task. It’s thought that satellites could play a bigger part in cryptocurrency’s future. (Image: Jakub Porzycki / NurPhoto / Getty)This is where satellite internet becomes useful. With …

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