This App Let's you to Trade Bitcoin Without an Internet Connection
 |
| Source: Google |
In This Post, i am Going to introduce you to an App & Device that lets you Trade Bitcoin Without an Internet connection.
TxTenna & GoTenna Mesh Device
If you are a Cryptocurency trader than you should know that nowadays it's possible to make offline transactions regarding Bitcoin. This has been made possible with the partnership that recently occurred between "Samourai Bitcoin Wallet" and "Go Tenna"(GoTenna is decentralised communication startup which is based in New York). Both worked together and Now they have created an App Namely "TxTenna" that lets you to trade Bitcoin even without an internet connection. Sounds Great...!!
 |
| Source: Google |
But However this would not be simple at all. Because to do so firstly you will need a "GoTenna mesh Device" which will cost you around $179. This device create a mesh network with other GoTenna users and also connects to your phone. It enables you to transmit data over a long range without any internet or wifi connection because of UHF frequencies.
How "TxTenna" work ?
The "TxTenna" works by making a channel and creating an interconnection between "Samourai Wallet" and "GoTenna Mesh Device". The "users" of "Samourai Bitcoin Wallet" do transactions as they usually do but without an access of internet.The Transaction of Data is now Transmit on to the "TxTenna App" which immediately Broadcast it to the mesh Nodes through paired "GoTenna Mesh Device".
 |
| Source: Google |
Each "GoTenna Device" transmit information to the other devices again and again until it finds that one which is connected to the internet and also running the "TxTenna App". It will Transmit the Transaction information into the Bitcoin network once the founded device sychronises with the phone.
In Other Words...!! To Understand its whole process and what's going on i simply say you that each GoTenna Device broadcast the transaction information to further devices until it finds that one's which is connected to internet and also running the "TxTenna" App. When the last founded Device is synchronised by the phone it will send the transaction information to the Bitcoin Network.
 |
| Source: Google |
GoTenna also give an Advantage that it's the device which will "Obscure Who You Are... Where You Are... At When Making These Transaction..." So, anyone can trade bitcoin without compromising on privacy.This is not for the first time where a broadcasting method is come up for bitcoin transaction, In a long ago the exploration of these broadcasting alternative method is being explored many times.
This SetUp is very Useful when you are out of stable internet and you're in a remote area. It is very nice to know that now Cryptocurency trader have a substitute for internet when they need to make transaction from remote area's but it takes an extra adoption of mesh devices for mesh network to be able to make an effective work.
0 Comments