Building on the promises of Bitcoin, the BitcoinLatina Foundation announced the organization is planning on constructing a private satellite constellation dedicated to facilitate the use of uninterrupted distributed applications across their distributed peer-to-peer computer network.
The Foundation's launch provider, CubeCab, will use this constellation to demonstrate a very high launch rate, an achievement long known to be necessary to significantly reduce cost of access to Earth orbit.
The initial constellation of 300 satellites, to be deployed during the 2020 to 2022 time frame, will entail 300 flights of CubeCab's Cab-3A launch vehicle. The Cab-3A is designed to place individual satellites weighing up to 5 kilograms (cubesats) into LEO. Adrian Tymes, the CEO of CubeCab, said that SpaceX made huge strides in the satellite industry by increasing their launch rate to about two dozen a year, but far more is needed. There is demand for more than 100 cubesat launches per year and this is an underserved market. Our company made the Cab-3A to the serve the existing market need and customers have come calling. Launching to LEO will ease latency and replacement. These 300 satellites are just the first version of their constellation, to be upgraded after tall note how people use the network.
Building on the promises of Bitcoin, the BitcoinLatina Foundation announced they are planning on constructing a private satellite constellation dedicated to facilitate the use of uninterrupted distributed applications across its distributed peer-to-peer computer network. The Foundation's launch provider, CubeCab, will use this constellation to demonstrate a very high launch rate, an achievement long known to be necessary to significantly reduce cost of access to Earth orbit.
John Gotts, CEO of the BitcoinLatina Foundation, noted that LATAM has many areas with poor internet access — access is usually required to make use of distributed applications on blockchains, such as BitcoinLatina. Previous attempts at satellite-enabled cryptocurrencies have mostly failed for want of monetization; however, a network dedicated to financial transactions has several easy solutions to pay for itself.