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Spacecoin XYZ Launches Blockchain Satellite into Orbit

Ali Raza
Last updated: December 28, 2024 5:58 pm
Ali Raza Published December 28, 2024
Launches Blockchain Satellite

Spacecoin XYZ has taken the initial step toward securing Launches Blockchain Satellite networks in space by launching its first satellite into orbit. This will be the first of many satellites in the project’s fleet. Cointelegraph spoke with Daniel Bar, co-founder of Spacecoin XYZ, who stated. Thefirst officially standardized spacecraft was a significant step toward activating the Spacecoin layer” in Earth’s orbit.

Contents
Spacecoin’s Satellite Crypto EnginesSpacecoin’s DePIN Network and Celestial ChainFinal Thoughts

SpaceX’s Falcon Heavy launched the satellite-carrying rocket on December 21 at 3:34 am local time in California. Spacecoin is the first of many satellites that Bar plans to launch in the next few months. In 2025, he claims, the Spacecoin mainnet will be live since the corporation plans to launch a constellation of seven to ten additional satellites.

Spacecoin’s Satellite Crypto Engines

Bar describes the Spacecoin satellite’s two tiny components. As Crypto engines”; one is around the size of a desktop internal drive, and the other is about the size of a MacBook. These modules, powered by solar panels, connect to the satellite’s “bus” in Earth’s orbit. Earlier this year, photographs were taken and the maiden test satellite of Spacecoin XYZ was sent into orbit. As stated by Spacecoin XYZ, Spacecoin advisor and UC Santa Barbara computer science professor Dahlia Malkhi told Cointelegraph that the project’s goals include creating a marketplace for “celestial services” and using the DePIN network as an extraterrestrial backup layer for Launches Blockchain Satellite networks.

Spacecoin's Satellite Crypto Engines

However, Spacecoin’s main focus at the moment is expanding into a space data center, which would provide security measures that aren’t achievable on Earth. After a secure deployment, a satellite becomes as impenetrable as a trusted hardware platform. According to Malkhi, not even humans are capable of tampering with a satellite’s hardware. We are able to detonate the satellite and smash it into Earth, but we are unable to manipulate the hardware.

Spacecoin’s DePIN Network and Celestial Chain

Spacecoin XYZ’s Blue Paper, which detailed the company’s plans. To create a DePIN network using a constellation of nanosatellites in orbit, was unveiled on November 1st. As stated in the project’s Blue Paper, a layer-1 network in space and supporting layer-2 state chains on Earth will form the basis of Spacecoin’s innovative design.

There are two layers of Earth’s network: the “Celestial Chain,” which connects to the outer world, and the “Uncelestial” network, which is known as Layer 2. Spacecoin XYZ proposes a two-tiered architecture, with the deployed L1 located in space. Published by Spacecoin The Celestial Chain sits at the brink of power. The one that documents an unchangeable past that might eventually outlive our time on Earth is the one that matters, according to Malkhi.

Final Thoughts

A revolutionary change Launches Blockchain Satellite technology, the launch of Spacecoin XYZ’s spacecraft expands the frontiers of decentralization beyond our planet. Spacecoin strengthens blockchain systems with an additional layer of security—an invulnerable, layer-1 network in orbit. By expanding the Celestial Chain in tandem with Earth-based Layer 2 networks, we can diversify. Our infrastructure and pave the way for future uses like interplanetary data centers and heavenly marketplaces.

FAQs

What is Spacecoin XYZ's project about?

Spacecoin XYZ is developing a decentralized blockchain network using satellites in orbit to enhance security and scalability for blockchain applications.

What milestone did Spacecoin recently achieve?

Spacecoin launched its first satellite into orbit on December 21, with plans for a full constellation by 2025 to activate the Spacecoin mainnet.

How does the satellite network enhance blockchain security?

By hosting blockchain nodes in space, Spacecoin creates a tamper-proof layer that is resistant to interference, unlike terrestrial hardware.

What are Spacecoin’s "crypto engines"?

These are two satellite modules, powered by solar panels, that process blockchain transactions and connect to the satellite’s main system in orbit.

What is the Celestial Chain?

The Celestial Chain is Spacecoin’s layer-1 blockchain in space, serving as the immutable foundation, while layer-2 (Uncelestial) networks operate on Earth.

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By Ali Raza
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Ali Raza is an experienced freelance content writer. His focus is primarily on aster-crypto and btccoinzone. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Ali Raza is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Ali Raza enjoys traveling, reading, and playing cricket when not writing. He now works as a news and article writer for Astercrypto.
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