Bitcoin radio waves transactions: future or dream?

Nick Szabo, possible creator of Bitcoin, proposed to conduct Bitcoin transactions using the radio waves
09 November 2017   3037

Cryptographer and specialist in the theory of computers and systems Nick Szabo, together with researcher Elaine Ou from Stanford University, presented a project in which they test the conduct of transactions in the network of bitcoins using radio waves. The presentation took place last weekend during the Scaling Bitcoin conference in San Francisco, Bitcoin.com reports.

According to the authors of the concept, despite the fact that at the moment the bitcoin network is sufficiently secure to protect, there are fears that in the future it will be attempted to attack or block through firewalls, network blocks or other means that may be used by governments or monopolists in area of ​​telecommunications.

Bitcoin radio wave transaction
Bitcoin radio wave transaction

To solve this problem, Szabo and Ou suggest using Skywave communication tools that use the ionosphere, a layer of the Earth's upper atmosphere, which serves as a kind of mirror for radio waves of a certain length, including those that can be used to carry out bitcoin transactions.

To do this, we are going to propose using skywave communication using the ionosphere where the sun hits the upper atmosphere of the earth near space with ultraviolet radiation — the layer it ionizes particles and creates this layer that acts as a mirror for certain radio wavelengths like the kind we want to use. The radio community — the two regimes we are interested in, in the radio community it’s near-vertical incidence skywave, this is the 70 degree angle there, it’s nearly vertical. You get a range of about 5 or 600 km. The most reliable frequency are 40-80 m. That’s what we’re targeting.
 

Nick Szabo
Bitcoin reasercher

Using the GNU Radio software tool to demonstrate the modulator involved in the testing, Szabo and Ou conducted a loop test with 70 cm antennas for the transmitter, using also the HackRF-1 device and 21 Bitcoin Computer.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   179

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 
 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.