Nick Szabo Has Developed A Method To Send Bitcoin Transactions Over The Radio
Nick Szabo Has Developed A Method To Send Bitcoin Transactions Over The Radio

At the Scaling Bitcoin conference at Stanford University, Bitcoin pioneer Nick Szabo and former Stanford engineer Elaine Ou introduced a working method to securely send Bitcoin transactions through radio signals.

Earlier this week, Jameson Lopp, the chief engineer and developer BitGo Bitcoin, announces that the presentation of successful tests involved Szabo sending Bitcoin transactions using the minimum high frequency radio signal in operating a Bitcoin SPV client.

“Our tests show that it is possible to operate a Bitcoin SPV client using a low signal HF radio”. – @eiaine @ScalingBitcoin pic.twitter.com/fNeegq9zCt
– Jameson Lopp (@lopp) November 5, 2017
Similar to bitcoin satellite-based transaction technology based on Bitcoin satellites, the settlement of Bitcoin transactions by radio signals in HF may be more inefficient compared to the processing of Bitcoin transactions normally through the Internet. However, one of the benefits of using Bitcoin radio and satellite signals to settle transactions is their ability to reduce censorship and bypass Internet restrictions to send and receive Bitcoins.

In August, Blockstream, a blockchain and Bitcoin development company, introduced Bitcoin satellite technology with a shared vision of eliminating Internet censorship and resilience by using Bitcoin as a stock and digital currency store.

Adam Back, CEO of Blockstream, said:

“Bitcoin is a powerful and transformative digital native money on the Internet that opened the way to a disturbance, with all its potential to develop.Since it is less than a permit, Bitcoin allows anyone to freely create new financial applications and other innovations that use Blockchain, which was not possible before, with more users accessing Bitcoin Blockchain with the free transmission of Blockstream Satellite, we hope that the global reach generates more adoption and use of Bitcoin, while strengthening the overall strength of the network.

In the last 12 months, a growing number of governments, authorities and countries have begun to completely regulate Bitcoin as a legitimate currency. Countries like Japan have come to declare Bitcoin as legal tender, encouraging the use of Bitcoin for payments.

But, inevitably, in the medium term, before the widespread adoption of Bitcoin, some countries may try to restrict the use of Bitcoin by imposing restrictions on Internet service providers to limit Bitcoin transactions. In such cases, the presence of Szabo’s Bitcoin radio transaction settlement technology and Blockstream’s Bitcoin satellite system would allow users to send and receive Bitcoin freely, easily bypassing government restrictions.

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