lightning hardware bitcoin
Venezuelans Made Lightning-Savvy Hardware to Use Bitcoin During Blackouts
November 2, 2019
lightning hardware bitcoin
Venezuelans Made Lightning-Savvy Hardware to Use Bitcoin During Blackouts
November 2, 2019

Electricity crises have become an everyday problem for Venezuelans. It even inspired an open-source project the Locha Mesh initiative to enable private messages and payments without an internet connection.

The project is developed by Venezuelan Randy Brito when he realized that crypto adoption was poor in the country due to poor internet infrastructure.

Lack of Infrastructure and Low Crypto Adoption in Venezuela

During the blackouts, people were using dollars not because they preferred cash but they alternatives.

“In Venezuela, cryptocurrency adoption can be very complicated,” Brito said, adding:

“People can have trouble even downloading a wallet because of the lack of infrastructure.”

Loca Mesh created two types of hardware prototypes:

  • Turpial
  • Harpy

Both of which acts like small routers that don’t rely on local WiFi. Messages are passed around the “mesh” until one outlet finally has an internet connection.

“These devices allow commerce [during a blackout] by making it possible for users to send and receive payments using the bitcoin network,” Brito said, describing the devices as “easy to carry and hide” for safety purposes.

ALSO READ :  Redditor Introduces New Bitcoin Video Game As A Holiday Gift To Crypto Community

Lightning Network

An experimental system was done created by these small devices that worked consecutively for 22 hours, even connecting Harpy devices to the Blockchain satellite and relaying that connectivity to other users via the Turpial device. Next up, came a focus on enabling small, fast payments using a scaling solution called the Lightning Network.

“The Lightning Network requires you to be connected, otherwise, you wouldn’t know if your counterpart is lying,” Brito said. “These nodes, these devices are always connected to the Lightning Network.”

The struggle in using Bitcoin has been prevalent across markets ranging from Venezuela to Lebanon, to the Palestinian territories.

The mesh network hardware tools for transactions in these conditions were presented at the 2019 Lightning Conference in Berlin. Loca Mesh is currently looking for investors and donors. The device will be sold from the first quarter of 2020.


Source: coindesk.com


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
Share This

Share This

Share this post with your friends!