Biteeu: the first space-based digital currency exchange

In an announcement from Cape Canaveral, Florida on the 30th June 2021, it was revealed that Biteeu had efficiently launched its digital safety infrastructure into area. Below the SpaceX rideshare program, the expertise was launched aboard a SpaceX Falcon 9 rocket. Partnering with Biteeu to implement the mission, space-as-a-service resolution supplier and associate SpaceChain put in the expertise on a YAM-2 satellite tv for pc carried by the Falcon 9 Rocket as a part of a mission facilitated by a satellite tv for pc operator Loft Orbital.

The mission establishes Biteeu because the world’s first cryptocurrency change leveraging the optimized safety of space-grade infrastructure to offer ultra-secure cryptocurrency transactions. With its public satellite tv for pc key backed up on an area node, Biteeu has obtained ISO 27001 certification validating that its data safety administration system meets world greatest practices. The announcement additional reinforces Biteeu’s dedication to leveraging state-of-the-art expertise to offer ultra-secure consumer privateness.

As soon as the area node is activated, will probably be capable of course of multi-signature Bitcoin transactions. Touted by business consultants as offering scope to re-shape the panorama of private finance, the multi signature pockets is a safe storage system used to handle digital property reminiscent of Bitcoin and different cryptocurrencies, including additional layers of safety to guard digital property, simply as a joint checking account does within the bodily world. 

New customers who enroll with Biteeu quoting the spacebiteeu2021 promo code will obtain a certificates with a serial quantity validating that their identify and cryptocurrency pockets has been despatched securely to Biteeu’s area node on orbit.

With hackers using more and more subtle ways reminiscent of phishing to dupe targets into offering their passwords, multisignature wallets requiring two or extra signoffs significantly cut back the chance of theft. Multisignature wallets additionally guarantee customers can nonetheless entry their funds even when they lose one password – an issue that has to this point proved a problem related to Bitcoin, with roughly $20 billion in Bitcoin completely misplaced on account of forgotten passwords in line with a report from the Wall Avenue Journal. 

Biteeu’s area node incorporates varied safety techniques, together with a 12-hour latency in communications between floor stations and satellites, stopping cybercriminals and hackers from shortly transferring digital property and lowering the chance of theft and fraud. The remoteness of its location – mixed with the general public key saved on the satellite tv for pc and offline end-to-end encrypted satellite tv for pc communication – vastly enhances the safety of transactions and knowledge which, if hosted solely on Earth-based servers, may be weak to hacking and cyberattacks.

As Biteeu’s chairman and co-founder Shukhrat Ibragimov identified, by integrating decentralized space-based expertise, Biteeu is ready to repeatedly construct the arrogance of institutional and retail merchants – permitting them to handle their funds with the most effective buying and selling expertise – and deal with safety vulnerabilities.

With the completion of {hardware} and software program testing anticipated in November 2021, customers will quickly be capable to authorize Bitcoin multi signature transactions in area through Biteeu’s state-of-the-art, on-orbit multi-signature pockets.

The mission is poised to fortify Biteeu’s fame as one of many world’s most safe digital forex exchanges, underlining the corporate’s dedication to prioritizing its clients’ privateness and safety. 

Biteeu is managed and operated by Eurasian House Ventures, a personal Kazakh firm that goals to function a global hub for area initiatives. Additionally based by Shukhrat Ibragimov, Eurasian House Ventures lately entered right into a Memorandum of Understanding with SpaceChain, with the 2 firms committing to a two-year partnership creating joint area expertise initiatives. Eurasian House Ventures goals to attach world-leading firms, initiatives, and applied sciences with Kazakhstan’s well-established area ecosystem and infrastructure, creating a world hub for the area business within the nation.

Biteeu is a totally compliant and licensed digital property change working from the EU and Australia. The corporate was created with the imaginative and prescient of bridging the hole between conventional commodities – reminiscent of cobalt and gold – and well-liked cryptocurrencies, with the general goal of offering the worldwide crypto neighborhood with an progressive, dependable, and safe buying and selling platform.

Talking concerning the space-based enterprise, Biteeu co-founder and CEO Talgat Dossanov defined that establishing the brand new multi-signature transaction platform in area encapsulates Biteeu’s steady efforts to uphold the best ranges of information safety for its customers, elevating the safety requirements benchmark within the cryptocurrency market. 

Mr. Dossanov identified that as a forerunner in monetary innovation, Biteeu appears ahead to offering its customers with a extra strong and safe platform that may be accessed from nearly anyplace on the planet.

Disclaimer: This can be a paid put up and shouldn’t be handled as information/recommendation.

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