An ambitious plan to launch bitcoin-enabled microsatellites has taken a step forward with a new business deal.
Xapo aims to bolster its security offerings by locating elements of its security architecture within a low Earth orbit satellite.
Blockchain startup SpaceChain won a 60K euro grant from the European Space Agency to investigate use-cases for their satellite-based wallet system.
The non-profit endeavor plans to have a backup node in space in case the Bitcoin network fails.
Jeff Garzik's space nodes would 'provide stability for block chain data' and 'limit attacks on the network'.