BitSats are nano-satellites that operate in low Earth orbit (LEO) providing an open platform for communication and computing systems, delivering unique advantages over current solutions with improved availability, security and lower cost.
Bitsats have the capability to provide data processing, file storage and broadcasting services in the security of outer space. The BitSat network provides customers with improved physical security, storage and on-demand communication in support of operations anywhere on earth. Customers also benefit from not having to incur the time and cost of developing and deploying a proprietary spacecraft or the ongoing cost of mission operations. This revolutionary service model is expected to drive the rapid expansion of space-based cloud computing.
Financial applications are one example of BitSat’s value add capabilities. BitSat has been optimized for Bitcoin and crypto-currency applications. Each BitSat has the capability to save the entire blockchain on orbit, providing a comprehensive back-up for the terrestrial Bitcoin network, while helping to build the blockchain. BitSats independently verify each bitcoin block after uplink from a ground station, ensuring relevant communication with the terrestrial Bitcoin.