The Bitcoin buzz is not very popular among the common man. There are many groups of society that are yet not aware about what Bitcoin is and its functioning. Bitcoin mining companies are trying and making every possible effort to create awareness about Bitcoin and educate people about the ease of use of cryptocurrencies.
In the world of space travel history, Bitcoin is the first ever cryptocurrency that has been sent to space. Yes you read it right, Bitcoin is the first ever cryptocurrency that has been sent to space.
This was made possible by Genesis Mining, a major Bitcoin cloud mining company. Genesis Mining conducted the first ever peer-to-peer Bitcoin transaction in space.
So how did Genesis Mining do it?
Genesis mining has always been looking for innovative ways to create the awareness of Bitcoin all over the world by educating people about the benefits and used of Digital currency. The company thought that sending the Bitcoin to the space was the perfect way to get the attention and create awareness about the positives and ease of use of Bitcoins. ‘To the moon’ was the catch phrase that Genesis mining used to promote the strategy of sending Bitcoins into space.
The Process and outcome –
The Genesis Mining team at England decided to release a weather balloon to space, that would carry a 3D printed Bitcoin and a Bitcoin wallet. The company decided to send a Bitcoin to the Bitcoin wallet in space once the weather balloon reached 20km in space (which is above the Armstrong limit, where humans cannot survive without a pressure suit). The team at Genesis mining was officially successful in sending one Bitcoin to the Bitcoin wallet in space that reached beyond the Armstrong limit.
The successful reaching of the weather balloon at 20km encouraged the team to send the Bitcoin wallet in the weather balloon further up to 30+kms. The technical team addressed the optimal limit to be up to 34km for the weather balloon in space. The successful try made the weather balloon reach 30+kms, where Genesis mining demonstrated sending the second Bitcoin to the Bitcoin wallet in space. Genesis mining was successful in sending the weather balloon up to a distance of 34kms in space with 2 Bitcoins sent from earth to the Bitcoin wallet in space.
The ultimate aim of the company behind sending Bitcoins to space was to create awareness about the ease of use of the latest digital currency. The company believes that technology is a vehicle that drives our lives towards the better. Sending Bitcoins to space is yet another step to show that technology can ease financial transaction even in the space.