Satellite

Adam Back, the CEO of Blockstream, recently proposed a solution to enable Bitcoin inscriptions via the Blockstream Satellite. The Blockstream Satellite is a network of satellites that broadcast the Bitcoin blockchain around the world, allowing anyone with a satellite dish to access the Bitcoin network without an internet connection.

Back’s proposal would allow users to send Bitcoin transactions via the satellite network. This would enable users in remote areas or those with limited internet access to use Bitcoin without having to rely on an internet connection. It would also provide an additional layer of security for users, as their transactions would be broadcasted across the satellite network rather than over the internet.

The proposal would also enable users to send Bitcoin inscriptions, which are messages embedded in the Bitcoin blockchain. These inscriptions could be used for a variety of purposes, such as sending messages to friends or family, or even recording important information such as birth certificates or marriage certificates.

The proposal is still in its early stages and will require further development before it can be implemented. However, it is an exciting development for the Bitcoin community and could potentially open up the technology to a much wider audience. It could also provide an additional layer of security for users, as their transactions would be broadcasted across the satellite network rather than over the internet.

Overall, Adam Back’s proposal is an exciting development for the Bitcoin community and could potentially open up the technology to a much wider audience. It is still in its early stages but could provide an additional layer of security and enable users in remote areas or those with limited internet access to use Bitcoin without having to rely on an internet connection.