Bitcoin headed to space as developer plans to launch node using cubesats

12/07/2013 - 00:00

Bitcoin has already spread rapidly across the globe, but now one of the currency’s core developers wants to take it where no virtual currency has gone before – space.

Developer Jeff Garzik plans to launch several tiny satellites into space which will serve as a node on the bitcoin network.

Historically, it has cost tens or hundreds of millions to launch satellites into space, but a new generation of privately-funded, bootstrapped satellite services has changed all that.