No Internet, not a problem anymore. Cryptocurrency is beyond Internet.
Two developers from different countries successfully made payments using Bitcoin over radio waves. And this can seriously solve the problem how to crypto without Internet.
The move was organized over Twitter to make this challenging but powerful move. This provides hope amidst anxiety regarding the fears over cryptocurrency’s dependence over Internet.
The transaction was done by Rodolfo Novak, co-founder of bitcoin hardware startup CoinKite, to developer and Bloomberg columnist Elaine Ou.The Transaction effectively moved Bitcoin from Toronto, Canada to San Francisco, California.
Radio waves use can go higher if further transactions take place. Usually, Radio waves are used for listening to Radio and for talking over Radio. So as the two has showed radio can be a network for Bitcoin.
“Bitcoin is making ham radio cool again!”Ou
Origin of the idea
The idea is believed to have originated from Nick Szabo, inventor of the smart contract. Ou and Szabo presented the idea in 2017 at the Scaling Bitcoin Conference in San Francisco. They pointed that Bitcoin could build resistance to partition attacks using the method.
Internet is not the only form of technology to send data from one to another, there are various other means. It poses a problem when internet censoring occurs. Government can potentially harm users if they censor the internet examples are plenty.
“in case China decides to censor bitcoin via the Great Firewall, or places like North Korea where there is no internet at all,”Ou
Various other ways are being experimented. Startup Blockstream licensed satellites that beam bitcoin to users across the globe, but certain drawback pulls it.
“It was a fun demo, but obviously unrealistic because we coordinated everything online before sending the radio signals. The equipment is currently the hard part: You need a radio that supports these frequencies. The cheapest way is with a software-defined radio, which is about $200 for something that can transmit low-power signals, or thousands for a high-power transmitter.”
Hopes are for Cryptocurrency to not be over depended on the internet. Alternatively, alternatives must come.