In case you are tired of the usual April Fools' Day jokes about Satoshi Nakamoto's identity being finally revealed, Solana Labs CEO Anatoly Yakovenko has something new up his sleeve.
Yakovenko has described BunkerCoin as a"groundbreaking blockchain protocol designed to operate under the constraints of low bandwidth networks." The coin is supposed to operate through shortwave radio channels.Miners would be incentivized to confirm blocks and maintain the security of the network with the help of"a novel proof of elapsed time verifiable delay function ."
The innovative cryptocurrency is supposed to ensure stable communication in"bandwidth-constrained environments." Back in 2014, Finnish Bitcoin enthusiasts also developed a project called Kryptoradio, which makes it possible to transmit blockchain information. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.