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Mainstream Adoption: Blockchain Satellites

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Blockstream startup started to analyze the concept of blockchain satellites back in 2017 announcing the Blockstream Satellite project.
Big players are adoption blockchain technology for space exploration by sending satellites that will provide the technology to every person on the planet without the need for an internet connection. However, space is not limited to the government sector anymore and as such more and more startups are also looking at the opportunity of entering into the galactic space with their innovation.

Nexus

In collaboration with Vector Space Systems ( Vector ), Nexus provides global access to its digital and stand-alone Internet infrastructure through the Galactic Sky platform defined in a Low – Earth ( LEO ) satellite network. Nexus will launch the blockchain in orbit and bring the dream of a total decentralization closer to reality. Satellites will act as Nexus blockchain nodes, which will form part of the smart contract platform.

Nexus aims to provide autonomous Internet infrastructure through a network of Low – Earth-orbiting satellites.
Also, 20 percent of the block awards are allocated for marketing, as well as for the production and launch of Nexus satellite networks. Nexus builds a new type of blockchain with three separate network security mechanisms.
Also, the team sends space satellites to the hub to create a decentralized Internet and network outside the control of a single unit.
As an innovative leader in the nanosatellite industry, Vector Space Systems have been designed to develop affordable launch capabilities and orbiting platforms.
Larger companies such as SpaceX are focusing on the launch of medium-sized satellites into geosynchronous orbit ( GEO ), but Vector delivers affordable take-offs through the engineering of smaller reusable rocket launches.
Phillip Swazey, who has collaborated with Iridium, a satellite communications company with 72 geolo satellites, is currently designing a 1u preliminary satellite for Phase 1 deployment.

SpaceChain

SpaceChain startup is building the one of a kind open-source satellite network which will run on the blockchain nodes. Zheng Zuo, the CEO of the company says that he truly understands the price of decentralization.

 

BlockStream

Blockstream startup started to analyze the concept of blockchain satellites back in 2017 announcing the Blockstream Satellite project. The company aims to provide blockchain without internet connection to each and every person in the world. The company even performed its 1st transaction back then. The adoption has been rising since then.

 

Blockchain Satellites

There, falling prices for communications and satellite monitoring on the ground, along with blockchain security, will ensure that everything from broadband communication to crop monitoring will be available not only for technical elites but also for the most remote farm, village or machine.
The “smart contracts” with the blockchain can also allow satellites and systems that need their services to negotiate independently and complete transactions from predetermined criteria, such as the price that a customer is willing to pay for a particular image and how quickly they need it.
On January 26, 2019, Twitter users at mid squeeze announced that they had created a messaging service to send text files to Lightning networks via their Blockstream Satellite Client.
Also, cloud storage platforms based on blockchains can also compete with Lightning Network text sharing services.
Bitcoin has been developed in line with the Theory of Nakamoto’s decentralization, in which the use of decentralized cryptocurrencies should be used to eliminate the need for intermediaries or centralized third parties.
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#Bitcoin

Can Bitcoin be Traced?

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Earlier it was challenging to trace Bitcoins, but current technology has led to practical ways of tracking stolen bitcoins.

Earlier it was challenging to trace Bitcoins, but current technology has led to practical ways of tracking stolen bitcoins.

To track the person who received the bitcoin, the address owner must be aware of it.

However, governments do not want bitcoin owners to be unknown, and they are trying to regulate bitcoin in a way that can be monitored.

It’s nothing new since people have been doing blockchain analysis and bitcoin tracking since bitcoin was used to exchange stuff on the internet.

 

Is Bitcoin Anonymous?

As Bitcoin has become more popular and some criminal activity has been disclosed on the Bitcoin network, many people have wondered whether their Bitcoin transactions are anonymous or whether there are some essential complexities that they should be aware of.

Bitcoin tumblers allow many different users to put their cryptocurrency in a “bucket” and then return the same bitcoin value to each user, but with bitcoins put into a bucket by other users.

Bitcoin is not entirely untraceable, but it is a common misunderstanding, as Bitcoin is well known for masking user identity.

 

Users who rely on bitcoin exchanges ( such as Bitfinex, Binance or Kraken ) to exchange money for bitcoin must disclose their personal information to such an account.

However, governments are beginning to introduce new rules that could force an anonymous Bitcoin exchange to verify the identity of a new user before allowing them to purchase Bitcoin with fiat currency.

Create multiple addresses so that bitcoin can be randomly distributed, making blockchain analysis more difficult and anonymous.

 

Bitcoin is often presented as an untraceable payment method that facilitates illegal activities by allowing criminals to make and receive payments without being monitored.

There are many ways in which the identity of a person can be exposed to bitcoin transactions.

 

Now you have your bitcoin clean; you don’t want to waste all the hard work of using it in a trackable transaction.

As such, if you can pay with bitcoin and rely on the trader not to keep any PII records, the purchase may be anonymous.

If you prefer to spend your bitcoin on other cryptocurrencies or cash, the easiest thing to do would be to go to the exchange.

Portfolios, currency exchanges, mixing companies, and P2P sites have all been used to cheat bitcoin users.

Keep in mind that bitcoin is still the most widely accepted cryptocurrency.

 

Bitcoin is the only virtual currency with enough people who want to buy it to become moldy.

Cybercriminals use the creation and monitoring of Bitcoin portfolios, which can be done automatically, helping them find out which victims have paid.

Bitcoin transactions are public and contain all the information we need to track ransom payments, provided that we know which wallets to look at.

In most cases, payment tracking is not as easy as cybercriminals move bitcoins through multiple wallets to avoid payment tracking.

 

So, if you’re still thinking about using Bitcoin for your transaction gateway, be careful that you can track it as well.

Most users use online bitcoin exchanges to exchange bitcoins for real currency, such as bitpay, coinbase, localbitcoins, etc.

As the number of pro traders is slightly lower in online markets, it is easy to look at the bitcoin transaction by going to their bitcoin address.

 

Oaktar can be used to collect much more than the information needed to identify and link someone to specific Bitcoin addresses and transactions and can do so without relying on cryptocurrencies.

As alarming as oaktar and its activities, no new information has recently emerged to indicate that the NSA has expanded its Bitcoin monitoring efforts to other cryptocurrencies.

These protocols include CoinJoin, Dark Wallet, bestmixer, io, sharecoin, and coinwap, all of which also offer Bitcoin and other cryptocurrencies the possibility of anonymizing their transactions.

In the meantime, the more direct and intrusive methods of the NSA are also based on the fact that crypto users unconsciously compromise their internet connections, which could not be expected to monitor all cryptocurrency transactions in mass.

 

Bitcoin, the Internet currency loved by computer scientists, libertarians and criminals, is no longer vulnerable.

But Bitcoin ‘anonymity is also a powerful tool for criminal financing: virtual money can keep shady transactions secret.

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#Blockchain

Forbes releases top 50 blockchain companies list

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Forbes has released top 50 blockchain companies using blockchain technology list and these are almost all household names of the world's largest companies.

Forbes has released a new top 50 blockchain companies using blockchain technology list and these are almost all household names of the world’s largest companies. In fact, they are all billion dollar plus companies such as Amazon, Citi Group, Foxconn, Comcast and a whole host of others and unsurprisingly the bulk majority of these companies are using Ethereum.

 

Although, outside of Ethereum which is, of course, the number 1 blockchain for these companies, we do see others like Hyperledger and Quorum for example, although much rarer on the list in terms of mentions are blockchains such as Stellar Lumens or Cardano. Blockchains such as TRON, EOS, NEM, and others are not mentioned in the list of top 50 companies.

 

Companies choosing Ethereum according to Forbes:

Big businesses really like what Ethereum is doing. Ethereum has also worked very hard to make these relationships happen over the last few years and those relationships are now paying dividends big time.

 

All the top 10 companies are located in China or the United States.

The Top 10 (Forbes List):

10. Ping An Insurance Company: China

9. Bank of China: China

8. Apple: United States

7. Wells Fargo & Company: United States

6. Bank of America: United States

5. Agricultural Bank of China: China

4. Berkshire Hathaway Inc: United States

3. JPMorgan Chase & Co: United States

2. China Construction Bank Corporation: China

1. Industrial and Commercial Bank of China: China

 

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#Blockchain

JPMorgan expanding itself into the blockchain and crypto space

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JPMorgan Chase has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, the job listing portal.

JPMorgan Chase, the American multinational investment bank and financial services company has been posting a lot of job opportunities in the blockchain and cryptocurrency industry on Indeed.com, a job listing site. According to the data from Indeed.com, the overall job openings for the cryptocurrency industry also seems to be on a rise.

 

JPMorgan Entering the Cryptocurrency Space:

Though the CEO of JPMorgan, Jamie Dimon has always been a strong opponent of Bitcoin and other cryptocurrencies, his company has been interestingly expanding its operations in the field of blockchain and cryptocurrency.

 

Last month, JPMorgan launched its own cryptocurrency known as the JPM Coin, which will serve the bank’s precious customers in order to make transactions between them more swift and steady.

 

Back in 2018, JPMorgan had launched a blockchain powered platform known as Quorum which might be seen quite homogeneous to bitcoin and ethereum, however, it is almost fully centralized in nature.

 

Large companies entering the Blockchain Space:

In recent times, a lot of huge companies worldwide have been entering into the blockchain and cryptocurrency space. According to a recent publication by the Forbes, large organizations such as IBM, Deloitte, Cisco, Microsoft, Consensus, and others have been curiously hiring employees that are experts in the field of blockchain technology.

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