{"id":274268,"date":"2020-09-26T16:08:33","date_gmt":"2020-09-26T20:08:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=274268"},"modified":"2021-09-05T01:55:02","modified_gmt":"2021-09-05T05:55:02","slug":"blockstreams-bitcoin-satellite-node-launches-in-venezuela","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/blockstreams-bitcoin-satellite-node-launches-in-venezuela","title":{"rendered":"Blockstream’s Bitcoin Satellite Node Launches in Venezuela\u00a0"},"content":{"rendered":"

Venezuela\u2019s cryptocurrency acceptance has been an impressive feat. Facing an uncertain economic future, the country has had to rely on crypto even more.\u00a0<\/span>Now that cryptocurrencies have become a fixture in Venezuela\u2019s economic environment, the country has made moves to improve access.\u00a0<\/span><\/p>\n

Easier Payments for Everyone<\/b><\/h2>\n

In the latest frontier for crypto adoption, Venezuela\u2019s government had partnered with blockchain solutions provider Blockstream to launch a Bitcoin node on its satellite network. In a <\/span>blog post<\/span><\/a> published earlier this week, crypto payments service CryptoBuyer announced that it had successfully launched a Bitcoin node in the country.\u00a0<\/span><\/p>\n

The launch, which CryptoBuyer and Blockstream conducted, will essentially make it possible for Venezuelans to send satoshis (the smallest units of a Bitcoin) over the internet without the need for a reliable connection. For people in remote areas across the country, this initiative means crypto is always near.<\/span><\/p>\n

Per the blog post, Cryptobuyer was able to launch a satellite node on Blockstream Satellite through a partnership with crypto training service AnibalCrypto. \u00c1lvaro P\u00e9rez, a Valencian programmer who also participated in the project, said:\u00a0<\/span><\/p>\n

\u201cWe downloaded the whole Bitcoin blockchain and successfully carried out the first transaction through a Bitcoin satellite node in our country on 23 September, from the city of Valencia. We received bitcoin through the satellite connection without any internet connection. It was a moment of great achievement.\u201d<\/span><\/p>\n

Jorge Farias, CryptoBuyer\u2019s chief executive, added that the project aimed at solving real-world financial inclusion problems for millions in the country. It is in line with CryptoBuyer\u2019s mission to bring cryptocurrencies to more Venezuelans, as the company already installed several Bitcoin ATMs and point-of-sale terminals across the country.<\/span><\/p>\n

The blog post added that all parties would launch more nodes in Caracas, Venezuela\u2019s capital, and the Southern state of Bolivar. Interested users will be able to connect to the satellite nodes through mesh networks, which are already being tested across the country.<\/span><\/p>\n

Blockstream\u2019s Groundbreaking Satellite Feature<\/b><\/h2>\n

Blockstream Satellite has been a truly innovative product. By eliminating the need for internet connectivity in conducting crypto transactions, it ensures that people can access the technology\u2019s features, regardless of where they are.<\/span><\/p>\n

When Blockstream <\/span>launched<\/span><\/a> the service in 2017, company CEO Adam Back explained that the company had understood the significance of a robust Bitcoin network to businesses. Improving accessibility and reducing cost will bolster adoption \u2013 especially for entities in developing counties.\u00a0<\/span><\/p>\n

Blockstream Satellite launched in Africa, Europe, and the Americas. However, it <\/span>expanded<\/span><\/a> to the Asia Pacific region in December 2018 and provided support for the Lightning Network to improve payment speed and scalability.<\/span><\/p>\n

The technology also got a recent cosign from top exchange platform BitMEX last month. In a\u00a0<\/span>blog post<\/span><\/a>, the derivatives exchange explained that it had implemented Bitcoin Satellite to test its security and transaction features.<\/span>
\n<\/span><\/p>\n

\u201cBecause this satellite-based system does have the potential to improve the censorship resistance characteristics of the Bitcoin network and defend against some forms of eclipse attacks, its existence is probably a positive development,\u201d the exchange explained in its abstract.<\/span><\/p>\n

BitMEX added that running the node was interesting, adding that it was both functional and practical in application.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Venezuela\u2019s cryptocurrency acceptance has been an impressive feat. Facing an uncertain economic future, the country has had to rely on crypto even more.\u00a0Now that cryptocurrencies […]<\/a><\/div>","protected":false},"author":1770,"featured_media":274275,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5278,11471],"class_list":["post-274268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-blockstream","tag-satelitte"],"acf":[],"yoast_head":"\nBlockstream's Bitcoin Satellite Node Launches in Venezuela\u00a0 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Venezuela\u2019s government has partnered with blockchain solutions provider Blockstream to launch a Bitcoin node on its satellite network.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockstream's Bitcoin Satellite Node Launches in Venezuela\u00a0\" \/>\n<meta property=\"og:description\" content=\"Venezuela\u2019s government has partnered with blockchain solutions provider Blockstream to launch a Bitcoin node on its satellite network.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-26T20:08:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-05T05:55:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/09\/venezuela-1460595_1920-1024x661-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"661\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jimmy Aki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@adejimi\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jimmy Aki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268\"},\"author\":{\"name\":\"Jimmy Aki\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad\"},\"headline\":\"Blockstream’s Bitcoin Satellite Node Launches in Venezuela\u00a0\",\"datePublished\":\"2020-09-26T20:08:33+00:00\",\"dateModified\":\"2021-09-05T05:55:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268\"},\"wordCount\":532,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/09\/venezuela-1460595_1920-1024x661-1.jpg\",\"keywords\":[\"Bitcoin\",\"blockstream\",\"Satelitte\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268\",\"name\":\"Blockstream's Bitcoin Satellite Node Launches in Venezuela\u00a0 - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/09\/venezuela-1460595_1920-1024x661-1.jpg\",\"datePublished\":\"2020-09-26T20:08:33+00:00\",\"dateModified\":\"2021-09-05T05:55:02+00:00\",\"description\":\"Venezuela\u2019s government has partnered with blockchain solutions provider Blockstream to launch a Bitcoin node on its satellite network.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#primaryimage\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/09\/venezuela-1460595_1920-1024x661-1.jpg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/09\/venezuela-1460595_1920-1024x661-1.jpg\",\"width\":1024,\"height\":661},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search & Compare Brokers within Crypto, Forex & Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad\",\"name\":\"Jimmy Aki\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png\",\"caption\":\"Jimmy Aki\"},\"description\":\"Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Jimmy's previously published work can be found on Business2Community, EconomyWatch, Learnbonds.com, Basketball Insiders, Buyshares.co.uk and a range of other leading media publications. Jimmy has also been investing in Bitcoin since 2018 and more recently in non-fungible tokens (NFTs) since their boom in 2021.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/jimiakinleye\/\",\"https:\/\/x.com\/adejimi\"],\"knowsAbout\":[\"Cryptocurrency\",\"Investment and Blockchain Development\"],\"jobTitle\":\"Editor\",\"url\":\"https:\/\/insidebitcoins.com\/author\/jimmyaki\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Blockstream's Bitcoin Satellite Node Launches in Venezuela\u00a0 - InsideBitcoins.com","description":"Venezuela\u2019s government has partnered with blockchain solutions provider Blockstream to launch a Bitcoin node on its satellite network.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268","og_locale":"en_US","og_type":"article","og_title":"Blockstream's Bitcoin Satellite Node Launches in Venezuela\u00a0","og_description":"Venezuela\u2019s government has partnered with blockchain solutions provider Blockstream to launch a Bitcoin node on its satellite network.","og_site_name":"InsideBitcoins.com","article_published_time":"2020-09-26T20:08:33+00:00","article_modified_time":"2021-09-05T05:55:02+00:00","og_image":[{"width":1024,"height":661,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/09\/venezuela-1460595_1920-1024x661-1.jpg","type":"image\/jpeg"}],"author":"Jimmy Aki","twitter_card":"summary_large_image","twitter_creator":"@adejimi","twitter_misc":{"Written by":"Jimmy Aki","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268"},"author":{"name":"Jimmy Aki","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad"},"headline":"Blockstream’s Bitcoin Satellite Node Launches in Venezuela\u00a0","datePublished":"2020-09-26T20:08:33+00:00","dateModified":"2021-09-05T05:55:02+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268"},"wordCount":532,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/09\/venezuela-1460595_1920-1024x661-1.jpg","keywords":["Bitcoin","blockstream","Satelitte"],"articleSection":["More Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268","name":"Blockstream's Bitcoin Satellite Node Launches in Venezuela\u00a0 - InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/09\/venezuela-1460595_1920-1024x661-1.jpg","datePublished":"2020-09-26T20:08:33+00:00","dateModified":"2021-09-05T05:55:02+00:00","description":"Venezuela\u2019s government has partnered with blockchain solutions provider Blockstream to launch a Bitcoin node on its satellite network.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268#primaryimage","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/09\/venezuela-1460595_1920-1024x661-1.jpg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/09\/venezuela-1460595_1920-1024x661-1.jpg","width":1024,"height":661},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search & Compare Brokers within Crypto, Forex & Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/a66ff7827d8bed054aa6be4e9d8c1dad","name":"Jimmy Aki","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1770_1713269729-96x96.png","caption":"Jimmy Aki"},"description":"Jimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. Jimmy's previously published work can be found on Business2Community, EconomyWatch, Learnbonds.com, Basketball Insiders, Buyshares.co.uk and a range of other leading media publications. Jimmy has also been investing in Bitcoin since 2018 and more recently in non-fungible tokens (NFTs) since their boom in 2021.","sameAs":["https:\/\/www.linkedin.com\/in\/jimiakinleye\/","https:\/\/x.com\/adejimi"],"knowsAbout":["Cryptocurrency","Investment and Blockchain Development"],"jobTitle":"Editor","url":"https:\/\/insidebitcoins.com\/author\/jimmyaki"}]}},"_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1770"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=274268"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/274275"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=274268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=274268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=274268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}