Assets, Bitcoin

How Many Bitcoin Satellites Are There?

As of May 2020, there are an estimated 2,000 active satellites in orbit around the Earth, according to the Union of Concerned Scientists. Of those, about 1,950 are operational.

The rest are either inactive or in storage.

As for how many of those satellites are Bitcoin-related, that’s a little harder to estimate. There are a handful of startUPS working on satellite-based Bitcoin services, but it’s tough to say how many of their satellites are actually operational.

One company, Blockstream, has launched a total of 12 satellites as part of its Blockstream Satellite network. The network provides a way for people to send and receive Bitcoin without an internet connection.

Another company, SpaceChain, has launched two satellites as part of its SpaceChainOS project. The project is a bit different from Blockstream’s in that it’s focused on providing a decentralized infrastructure for blockchain applications.

It’s possible that there are other companies working on satellite-based Bitcoin projects that have yet to launch any satellites. Or, there may be companies that have launched satellites for other purposes that could potentially be used for Bitcoin-related services.

At this point, it’s tough to say exactly how many Bitcoin satellites there are orbiting the Earth. But what is clear is that the number is likely to grow in the coming years as more companies enter the space and launch their own satellite-based projects.

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