MOUNTAIN VIEW, Calif. (BitcoinLatina PR) — Building on the promises of Bitcoin, the BitcoinLatina Foundation announced it is 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.
“Latin American has many areas with poor Internet access,” said John Gotts, CEO of the BitcoinLatina Foundation. “Internet access is usually required to make use of distributed applications on blockchains such as BitcoinLatina, so we are developing satellites and cheap, easy to use ground terminals to bypass the problem. Previous attempts at satellite-enabled cryptocurrencies have mostly failed for want of monetization, but a network dedicated to financial transactions has several easy solutions to pay for itself.”
The initial constellation of three hundred satellites, to be deployed 2020-2022, will entail three hundred flights of CubeCab’s Cab-3A launch vehicle. The Cab-3A is designed to place individual satellites weighing up to 5 kilograms (CubeSats) into Low Earth Orbit (LEO). “SpaceX made huge strides in the satellite industry by increasing its launch rate to about two dozen a year, but far more is needed,” said Adrian Tymes, CEO of CubeCab. “There is demand for over one hundred CubeSat launches per year and this is an underserved Market. So we made the Cab-3A to the serve the existing market need, and sure enough, customers have come calling.”
As to this deal, Tymes noted, “Launching to LEO will ease latency and replacement. These 300 satellites are just the first version of their constellation, to be upgraded after they see how people use the network. There is demand for over one hundred CubeSat launches per year, and this is an underserved market. So we made the Cab-3A to the serve the existing market need, and sure enough, customers have come calling.”
Go to http://bitcoinlatina.org/ to learn more or to contact the Foundation.
Go to http://cubecab.com/ for information about CubeCab.