Dogecoin Considers Use of Elon Musk’s Starlink for Offline Transactions

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Last Updated on 14 April 2022 by CryptoTips.eu

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Dogecoin has been vigorously pursuing upgrades that will make it more useful to the crypto community. With the help of its big supporter Elon Musk, it has grown significantly both in utility and in price.

Now, the number one memecoin is pursuing another major task to make offline transactions possible to those without internet access, reports say. This is to be facilitated by the Starlink satellite network provided by Elon Musk’s space exploration company, SpaceX. Dogecoin’s team of developers announced in a blog post on 11 April 2022 that this is possible through “RadioDoge”.

RadioDoge focuses on using cheap and reliable Radio technology (HF/LoRaWAN) combined with the global Starlink satellite network to enable cheaply deployable, wide-scale access to Dogecoin for people outside the reach of the traditional internet infrastructure.

The post stated.

Advertentie.

How this will work

The setup for offline transactions on Dogecoin  will start with a radio tower, the first of which has been set up. This is like a prototype RadioDoge:

Regional Hub that will connect LoRa/HF radio ‘shib-stations (libdogecoin)’ to Starlink backhaul. 400+ mile radius.

The first transactions formed on Libdogecoin is expected to be “transmitted over 150 miles from HF Radio in Colorado to the Regional Hub” this week. The transactions will then be submitted to the Dogecoin testnet through the Starlink satellite.

While there is still a long way to go, these are exciting early steps toward realizing the goal of making Dogecoin an unstoppable financial vehicle, one which will empower financial freedom from power structures and provide a means of exchange for future generations.

Said two of the developers, Stebbing and Lumin.

Dogecoin on the edge of “banking the unbanked”

At the core of cryptocurrencies is the mission to bank the unbanked. This has not been achieved much because cryptocurrencies generally require internet access to work. Dogecoin’s innovation in using Starlink satellites to make the cryptocurrency available to the most remote areas will put it on the edge of banking people in rural areas.

This will also clearly widen the user base of the top memecoin and potentially increase the value in the long run. This is another way that Elon Musk will be contributing directly to the growth of the project. He recently approved the use of DOGE as payment for some of Tesla’s merchandise