Spacecoin sets sights on blockchain networks in space
The initiative aims to establish a decentralised infrastructure featuring both a space-based Celestial Chain and a terrestrial Uncelestial Network.
Spacecoin XYZ has made history with the launch of its first satellite, marking a groundbreaking step towards securing blockchain networks in outer space. The satellite, which was launched aboard SpaceX’s Falcon Heavy on 21 December, represents the first milestone in establishing the ‘Spacecoin layer‘ in Earth’s orbit, according to co-founder Daniel Bar.
Equipped with ‘crypto engines’ and powered by solar panels, the satellite forms the foundation of a larger constellation planned for 2025. This fleet of seven to ten satellites will enable the activation of the Spacecoin mainnet, a project designed to offer unparalleled levels of security and resilience for blockchain networks.
Spacecoin’s ambitions extend far beyond securing blockchains, as outlined in its Blue Paper. The company envisions a decentralised infrastructure network featuring a space-based layer-1, the Celestial Chain, and a terrestrial layer-2, the Uncelestial Network. Adviser Dahlia Malkhi highlighted the untamperable nature of the satellite’s hardware, describing it as a trusted platform for an immutable history that could surpass human lifetimes.
