Spacecoin Brings Blockchain to Orbit: First Satellite Launched
Date: 2024-12-23 Author: Henry Casey Categories: BLOCKCHAIN
Spacecoin has announced the launch of its first satellite, which has become a key element in creating the space layer of their blockchain protocol. Co-founder of the project, Daniel Bar, told Cointelegraph that this launch was an important milestone in the implementation of their ambitious plan.
The satellite was launched on December 21 using a SpaceX Falcon Heavy rocket from California, USA. According to Bar, in 2025, Spacecoin plans to launch seven to ten satellites into orbit, which will form a full-fledged “constellation”. This approach will ensure the stable operation of the main Spacecoin network.
The satellite consists of two compact devices known as “crypto engines”, as well as a data module. The devices, comparable in size to a laptop hard drive, became the basis for the unique structure of the network.
Spacecoin positions itself as a DePIN project aimed at creating an extraterrestrial backup layer for blockchains. In the near future, the company's main goal will be to create a space data center that will provide an unprecedented level of security.
Dalia Malhi, a professor of computer science at the University of California, Santa Barbara and a Spacecoin consultant, noted that the satellite platform has unique protection against interference. Even developers cannot access the satellite's software, which makes the system as reliable as possible.
According to the project's Blue Paper, the Spacecoin network consists of two layers: the Celestial Chain, which is located in space, and the Uncelestial Network, located on Earth. The Celestial Chain acts as the main custodian of data, creating an immutable historical layer that can outlive humanity.
In the space industry, such projects are becoming increasingly popular. For example, in February, Geometric Energy Corporation planned to launch the DOGE-1 satellite to the Moon, fully paid for with the Dogecoin cryptocurrency. However, the Dogecoin community's attempt to send a physical wallet with the meme coin to the Moon as part of Astrobotic's Peregrine Mission One failed earlier.
Spacecoin continues to develop unique technologies, combining the achievements of blockchain and space, which makes the project one of the leaders in the innovative direction.
