Bitcoin Nanosatellites Could Orbit Earth in 2016

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An ambitious plan to launch bitcoin-enabled microsatellites has taken a step forward with a new business deal.

Dunvegan Space Systems, a startup led by bitcoin core developer Jeff Garzik has signed a manufacturing contract with Deep Space Industries (DSI) that fill find it constructing 24 nanosatellites for its proposed BitSat program.

The BitSat cluster will act as space-bound bitcoin nodes and is the first of a planned series of nanosatellites. Additional BitSats will be available for purchase at $1m apiece, according to the company.

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