Avi Mizrahi: Samourai Wallet Creates App for Transactions Over Mesh Networkstechnology samurai samourai-wallet samourai n-featured mesh-networks mesh-network mesh gotenna bitcoin-transactions
Ever worried about how will you be able to transact if your ISP (internet service provider) will try to prevent you from sending a transaction or will just not be able to due to a disaster bringing down the needed infrastructure? Setting up mesh networks, which can self-organize without a centralized control hub, is one much talked about possible solution.
Bitcoin Mesh Network
The developers of the privacy-centric wallet, Samourai, have teamed up with Gotenna, a Brooklyn-based startup that designs technologies for off-grid and decentralized communications. Together the two teams have created a solution for making transactions over mesh networks. The Txtenna app is meant to enable a more resilient, censorship-resistant and decentralized network for when the internet is inaccessible.
A transaction using the app will begin with the user creating a standard offline transaction and signing it using the Samourai Wallet. The wallet then passes the transaction to Txtenna which broadcasts it to nearby mesh nodes via a Gotenna mesh device. Similar devices in the area relay the transaction until an internet connected node receives it and forwards it to the network. Its developers say that the Gotenna mesh is a simple, affordable, secure, and resilient solution, but you will obviously need to have access to one of their physical devices beforehand for this to work.
Off the Grid
“Currently the bitcoin peer-to-peer network relies heavily on ISPs for internet connectivity. A few large corporations run these services, many of which are regional or national monopolies. These companies have a track record of putting commercial interests above net neutrality, as they did in 2007/2008 for example, when Comcast secretly throttled Bittorrent traffic. These systems are centralized, making them fragile during natural and man-made disasters,” explained Richard Myers a decentralized applications engineer at Gotenna.
Mesh networking isn’t the only option the Samourai team is working on to make sure users can transact when the internet is down. Back in January they have revealed a new proprietary app called Pony Direct, a transaction payment method (or to act as a relay) to send bitcoin via short message service (SMS) texts.
What other applications do you see for this technology? Share your thoughts in the comments section below.
Images courtesy of Shutterstock, gotenna.
Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-time price statistics.
The post Samourai Wallet Creates App for Transactions Over Mesh Networks appeared first on Bitcoin News.
Original article was created by: Avi Mizrahi at news.bitcoin.comDisclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.
Interested in Cryptocurrencies and ICO's?
Follow our telegram channel for daily cryptomarket reports!Join @cointrends
|2 hours ago||n-featured|
|10 hours ago||n-featured|
|1 day ago||technology|
|1 day ago||technology|
|8 months ago||samourai-wallet|
|6 months ago||bitcoin-transactions|
|9 months ago||mesh|
Stay on top of Altcoins and ICO trends.
Subscribe to our free Weekly Cryptomarket report
Delivered once a week, strongly to your inbox.Subscribe to our mailing list
September 24, 2018
Longhash, a crypto and blockchain media and analysis site, recently launched its own Bitcoin Tracker. In an effort to “offer more peace of mind to investors, regulators and the general public,” users can basically find the origin of BTC, tracking it through the many places it has traveled....From: C. Edward Kelso
The Reserve Bank of India has filed an affidavit with the country’s supreme court in response to one of the petitions against its crypto banking ban. The central bank reportedly argues that it has acted within its power and that none of the petitioners have shown reasonable grounds for the...From: Kevin Helms
September 23, 2018
This weekend the Simple Ledger Protocol (SLP) developers have announced another new feature to the Bitcoin Cash network called the Bitcoin Files Protocol (BFP). The first implementation of the file storage system has been added to the SLP version of the Electron Cash light client. Also...From: Jamie Redman
The Swiss Bankers Association (SBA) has released a set of guidelines intended to bolster the availability of financial services to cryptocurrency companies. They are in response to the stubbornness of many banks to provide financial services to crypto-related businesses. Also Read: Markets...From: Samuel Haig
A study examining the widely suspected correlation between Tether issuance and BTC price movement, undertaken by Wang Chun Wei and published by the University of Queensland, has found that USDT grants do not have a “statistically significant” effect on price fluctuations. Despite refuting...From: Samuel Haig
A few days ago digital asset markets saw some good gains pushing the entire crypto-economy up past $229 billion. Both bitcoin cash (BCH) and bitcoin core (BTC) had nice percentage spikes with BCH up 13 percent, and BTC up 3.5 percent over the last week. However, the biggest gainer this week was...From: Jamie Redman