Recent studies explore the potential use of Bitcoin as a currency for interplanetary transactions, especially in the context of Mars colonization.
The Idea of Colonizing Mars and Using Bitcoin
Humanity has already taken initial steps towards colonizing Mars, where early settlers are rewarded for building infrastructure. Bitcoin is considered as the first interplanetary currency that would allow settlers to support their families back on Earth.
Proposal for Interplanetary Bitcoin Standards
Researchers Jose E. Puente and Carlos Puente proposed a system called Proof-of-Transit Timestamping (PoTT). This system would allow satellites to create digital records as data traverses the distances between Earth and Mars, simplifying dispute resolution and enhancing transaction efficiency.
Bitcoin's Potential for Humanity in the Future
As a potential store of value, Bitcoin could play a significant role in future interplanetary operations. The research underscores the existence of solutions to overcome challenges related to high latency in transactions in the context of ongoing Mars colonization.
Although colonizing Mars may take decades, the existence of concepts for an interplanetary currency presents intriguing prospects for humanity's future.
