SpaceX: FCC Approval to Launch Satellites for Broadband Endeavor
Space X has once again broken ground by being the first private U.S.-based company authorized by the FCC to launch a non-geostationary orbit (NGSO) satellite system. The constellation (group of something, most often associated with star clusters) will be comprised of 4,425 satellites, and intended to provide fixed-satellite service (FSS), globally. An FSS, used mainly in North America, provides broadcast feeds for television and radio, telecommunication, and most importantly for this instance, data communication. Space X, founded by the ubiquitous Elon Musk, intends to use this approval to provide broadband services, initially, to the U.S. by way of low-Earth orbit satellites. As reported by cnbc.com, thee FCC had this to say regarding their decision: "With this action, the Commission takes another step to increase high-speed broadband availability and competition in the United States."
Currently being referred to as "Starlink", SpaceX's plan of operation aims to provide fiber-optic level broadband speeds, with direct-to-customer connections. This differs from current satellite broadband connections, in which signals are received centrally, then redistributed to consumers. SpaceX's direct approach seeks to improve upon the typically expensive nature and poor signal reliability associated with the currently available option. Space X says the service will go online once 800 satellites have been deployed. Space X's COO, Gwynne Shotwell shared her sentiments on the FCC's approval for the program:
So how does this relate to us, a company interested in the world of Bitcoin and cryptocurrency? Well, the availability of wireless internet is imperative for mass-adoption of Bitcoin and the underlying blockchain technology. Musks's m.o. has often been to make improvements in technology that not only benefit everyone, but are made available to everyone. Keeping with this theme, and reiterated by Shotwell, their goal of providing affordable, reliable broadband service, to those previously without, will speed the adoption of paradigm-shifting technology across the board, and will certainly greatly benefit the adoption of Bitcoin and cryptocurrency.