Could Bitcoin Become an Interplanetary Currency? New Research Explores the Possibility
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Interplanetary Colonization and Bitcoin: A recent research paper explores the concept of using Bitcoin as the first interplanetary currency to facilitate transactions between Earth and Mars, as humans begin to colonize the red planet.
Challenges and Solutions: The paper addresses significant challenges such as latency in Bitcoin transactions due to the vast distance between planets and proposes a new system called Proof-of-Transit Timestamping (PoTT) to improve transaction efficiency and dispute resolution without altering the main Bitcoin network.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
