Venezuelans to be Able to Send BTC Offline

Local developers are creating two device in the framework of the Locha project - Bitcoin mesh network, based on radio
22 January 2020   438

In Venezuela, the development team is preparing a Locha solution that will allow Bitcoin operations without connecting to the Internet.

The solution is a mesh network. The developers are also working on two devices that will allow you to connect to the Bitcoin blockchain using long-range radio waves.

The first, dubbed Turpial, is a simpler version of a radio transmitter that works at distances of one to two kilometers in urban areas. The second, Harpia, is a limited radio module for small computers.

Both devices are portable and run on battery power.

It is reported that in the future the solution can be integrated with any other blockchain, as well as messaging and file transfer systems such as IPFS.

We are making something for the situations where you don't have Internet at all, either due to lack of infrastructure, targeted censorship or in case you want to be completed anonymous so you don't want to expose your home/phone IP address that is linked to your identity.

 

Randy Brito

Member of the Bitcoin Venezuela 

He also explained that the network would not necessarily rely on nodes connected to the Internet via a landline telephone. Users with satellite dishes can also act as gateways and relay data.

It is expected that the development of devices will be completed by the second quarter of 2020. However, how much time will be required for their further production is still unknown.

Locha will be an open source project so that developers can use it in the future to create similar solutions.

Monex Online Broker to Reward Shareholders With BTC

Crypto will not be received by all shareholders as an additional interest, but only those who have an account on the Coincheck
23 March 2020   123

The Japanese brokerage company Monex Group has announced that it will pay shareholders a small amount in bitcoins as an additional interest at the end of the fiscal year.

Cryptocurrency will not be received by all shareholders of the online broker, but only those who have an account on the Coincheck bitcoin exchange. In addition to the regular payments for the year, these shareholders will receive 500 yen (about $ 4.54) in bitcoins. The fiscal year in Japan ends March 31.

The company acquired Coincheck for $ 33.6 million in 2018, when the platform experienced serious financial difficulties after a massive $ 530 million hack. With the new owner, Coincheck received a license from Japan's financial regulator in January last year. Later, the exchange launched a platform for OTC cryptocurrency trading and announced a platform for conducting IEO.