Blockstream’s satellite to become more flexible, efficient and optimized after satellite software update

Bitcoin’s wireless broadcast footprint has substantially increased ever since Blockstream’s satellite launch. According to an update from Adam Back and the official Blockstream account, the satellite will receive an update on January 16, 2019.

Blockstream tweeted on January 13, 2019, stating that the satellite will undergo a service disruption due to an update that will take place on January 16, between 12 PM and 1 PM EST.

The update is meant to fix some bugs and bring online a more flexible protocol. Moreover, the update will add API support [#SatelliteAPI] and also include a FIBRE update as per the tweet. The users will need to update to a new version of the software called “Satellite software v1.1.0”.

Adam Back, a cypherpunk, cryptographer, and the co-founder/CEO of Blockstream.com tweeted:

“this new @blockstream satellite code release broadcasts transactions before blocks, using compact blocks and a newer version of FIBRE. (transactions first was a commonly asked for #blockstreamsatellite feature). using compact blocks also reduces block transfer latency by >10x”

The Blockstream Satellite network broadcasts the Bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and providing anyone in the world with the opportunity to use Bitcoin. Blockstream had previously announced that it had launched its fifth satellite on December 17, 2018.

The API service will be up and running after this update and the users can pay for this service using micropayments via the Lightning Network.

With these satellites, there is no need for a physical internet connection which is usually obtained from ADSL connections and fiber optic networks.

@futjrn, a Twitter user commented:

“I’ve ordered my parts and got the go ahead to put on top of the CEC building in the Caymans.
I’ll do this one and then 2 more to triangulate in the cayman islands :)”

@mace894, another Twitter user commented:

“when will I be able to mine and submit block hashes remotely using a dish? blockstream should make a satellite compatible mining-pool.”

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