Kryptoradio is a data transmission protocol designed to transmit low-bandwidth information over one-way digital broadcast networks. Joel Lehtonenthe project’s founder, said he is focused on using Mining to transmit block chain information. The project is currently halfway through a two-month pilot phase in conjunction with Finnish broadcaster Digitawhich allows the system to transmit bitcoin transaction information across its digital radio network.
Paying for chocolate via radio
Bitcoins via radio The project transmits the data over the DVB-T network, which is a digital audio and video broadcast network used by TV and radio broadcasters around the world. Kryptoradio’s bitcoin computers connect to the block chain and turn the latest block’s transactions radio a data stream.
This is then broadcast over the network, where it mining be picked up by a Linux computer connected to a DVB-T receiver at the other end. But why bitcoin any of radio Tuomo Sipolawho works with Lehtonen at a technology co-operative called Koodilehtoexplained that one-way bitcoin block chain broadcasts offer a mixture of robustness and reachability.
It’s useful for anyone taking bitcoin payments, he suggested, as they don’t need a constant Internet connection. Receiving a broadcast, you just listen to it. You don’t have to subscribe to radio mobile plan. One possible use case could be vending machines, which sell everything from chocolate mining to laundry cycles. If radio own a vending machine and want it to accept bitcoin, but don’t want to pay for a mobile Internet connection and associated modem, all you would need with Kryptoradio is a low-cost integrated DBV-T receiver and a pared-down Linux hardware subsystem.
The user would still need to have a mobile connection to use their own digital bitcoin, but your vending machine would be able to take zero-confirmation transactions entirely offline. When you, as the machine’s owner, want to spend those bitcoins later, you could sell them for fiat or conduct bitcoin transactions in the normal way from an Internet-connected device.
The other option would enable any bitcoin-accepting vendor to mining payments from anywhere in the world, even in remote regions where mobile data coverage wasn’t available. Transmitting a national currency Kryptoradio isn’t transmitting the whole bitcoin block chain over Digita’s network, but it is sending a variety of items. Mining not all, though. The project is also handling an entirely different cryptocurrency called FIMK, which is a spin-off from second-generation cryptocurrency NXT.
Its founders describe it as “a basic income plan for national distribution of a portion of the currency to Finnish citizens.