Bitcoin Venezuela Develops Tiny Mesh Nodes For Off-Grid TransactionsBTC Casino / 24th January 2019
Mesh networks mesh [sorry] very well with the libertarian ethos of Bitcoin, freeing users from the tyranny of state-regulated ISPs. Necessity being the mother of invention, Bitcoin Venezuela are developing a mesh node little larger than an SD card.
Cryptocurrency Scam Warnings Issued by New Zealand Financial Authority
Saturday November 03, 2018
Growth in the cryptocurrency industry comes in many different forms. One worrisome trend is the growing number of scams. The financial authority of New Zealand is paying very close attention […]
The post Cryptocurrency Scam Warnings Issued by New Zealand Financial Authority appeared first on BTC Casino Gambling.
A Hot Mesh
Mesh networks are a hot topic right now. They are able to provide robust, secure connectivity in areas where it would otherwise be impossible. Bitcoinist recently reported on the experiments of a Kiwi Bitcoiner using GoTenna and Samourai Wallet to send offline transactions.
But that’s all well and good in leafy New Zealand. The critical use-cases for mesh networks are to maintain communication in the aftermath of natural disasters. Or to circumvent government-enforced internet bans in Zimbabwe. Or to trade crypto in the hot mess that is the Bitcoin hot-spot of Venezuela.
Another Fine Mesh
So given the recent downtime of LocalBitcoins in Venezuela, it’s fortuitous that alternatives are being created. The Turpial mesh node device requires only a battery to enable anyone to send messages or Bitcoin transactions in the absence of internet or mobile signal.
KYC Hurts Bitcoin Adoption, But Simple Private On-Ramps Already Exist
Wednesday January 23, 2019
Regulation and institutional investors seem to be pulling Bitcoin ever further away from its original intended purpose. Surely, buying bitcoin should be as simple and anonymous as sending it? Luckily, voucher-based […]
The post KYC Hurts Bitcoin Adoption, But Simple Private On-Ramps Already Exist appeared first on BTC Casino Gambling.
Of course, even a mesh network must eventually find some kind of access to transmit the information to the Bitcoin network.
Mesh You Up
Luckily, Bitcoin Venezuela also has that covered, with the larger Harpia device. This acts as a mesh node, can run a full Bitcoin and Lightning Network node, and connect to Blockstream Satellite. With one of these in the mesh, this means that transactions can be initiated and transmitted to the network without any reliance on local state infrastructure.
Bitcoin Venezuela are looking for funding of $50k to pay for 3 months of developer time, in order to finalise and market-ready the devices. A $1k donation will bag you three of the Turpial nodes; enough to set up a mesh network in your living room.
Exciting times ahead for the technology, as shared on Twitter by Blockstream CEO, Adam Back.
WBTC: Decentralized token backed by Bitcoins on the Ethereum Blockchain
Thursday November 01, 2018
With 2017 highs and 2018 lows, 2019 will be an interesting year for the cryptocurrency community and projects. After a lot of bad projects failed, the state of the cryptocurrency […]
The post WBTC: Decentralized token backed by Bitcoins on the Ethereum Blockchain appeared first on BTC Casino Gambling.
#Bitcoin mesh nets brewing… https://t.co/A7VrxpKDbO
— Adam Back (@adam3us) January 21, 2019
What do you think about local mesh networks for transmitting Bitcoin transactions? Share below!
Images courtesy of Shutterstock
The post Bitcoin Venezuela Develops Tiny Mesh Nodes For Off-Grid Transactions appeared first on Bitcoinist.com.