The initial design contract between Jeff Garzik’s Dunvegan Space Systems and Deep Space Industries Inc. was announced on April 23. This step is part of an effort to create an orbital system for the non-profit BitSat project.
The BitSats will consist of an orbital node for the bitcoin network located on earth with a constellation of small BitSats endlessly broadcasting the latest bitcoin block from orbit. This new design is being undertaken to further improve and enhance the resiliency of bitcoin in the case of interferences or outages to the earth-based bitcoin P2P network.
Garzik Dunvegan Space Systems and Deep Space Industries Join
Garzik is working organizing a campaign supported by donations to create and fly the system.
“Private spaceflight is breaking big, driving down costs so that great ideas like BitSats are within reach of even volunteer nonprofits. We want to keep bitcoin healthy and free by finding alternative ways to distribute block chain data,” he said.
With BitSats providing the most current solved blocks to public, it will be a reference point and a cross-check to authenticate the earth-based network. Furthermore, it will provide information about the blocks to places that are not earth bound.
Rick Tumlinson, the Chairman of Deep Space Industries Inc. commented on the new progress by saying that the company has always voiced “using space resources” and this includes using “space itself.” He further stated that even though some might find this new announcement surprising, it is very much in accordance to their spacecraft development plans. The company is due to announce another private spacecraft system in a few months that will utilize a lot of the same parts and systems as the former.
“This means much lower costs – very important for the donation-based BitSat effort,” he said.
Garzik is very optimistic about using space for bringing progress for the future.
“I believe space holds the promise of our future, and also offers a lot of utility right now,” said Garzik. “I chose DSI for this project based on depth of their proposal, the expertise they have internally and within their network and the fact that they are pushing the cutting edge – just as we are at Dunvegan.”
Deep Space Industries Inc. will create the detailed prerequisites for the space and ground part of a BitSat constellation and the initial plans for the architecture, operations concept, and spacecraft design. The blueprint for the next steps will be released and published in August for the community evaluation here.