Spacecoin
Daniel Bar, co-founder of Spacecoin
The satellite was launched as part of the SpaceX Falcon Heavy, which launched at 3:34 a.m. local time from California on December 21.
Bar said the Spacecoin satellite will be the first of many future satellites to be launched in the coming months.
He said Spacecoin plans to launch a “constellation” of seven to 10 additional satellites in 2025, which would be enough to bring the Spacecoin mainnet online.
The Spacecoin satellite itself consists of two small devices that Bar calls “crypto engines.” Each device is roughly the size of a desktop hard drive and another data module is roughly the size of a Macbook.
The module is attached to the satellite’s “bus,” a major part of the satellite infrastructure, and is powered by solar panels when placed in Earth orbit.
The first test satellite images of Spacecoin XYZ were sent into space earlier this year. Source: Spacecoin XYZ
Dahlia Malkhi, Spacecoin advisor and professor of computer science at the University of California Santa Barbara, told Cointelegraph that Spacecoin’s ambitions range from the DePIN network, an extraterrestrial backup layer for blockchain networks, to a commerce marketplace for “celestial services.” said.
However, Spacecoin’s main goal for now is to build it as a space data center, providing a level of security not possible here on Earth.
“If you think of it as a trusted hardware platform, deploying it safely and reliably will prevent leaks. No one can tamper with the satellite’s hardware. Even us,” Malkhi said. “You can take down a satellite and make it crash into Earth, but you can’t manipulate the hardware.”
On November 1, Spacecoin
According to the project’s Blue Paper, Spacecoin will introduce a new design built on a Layer 1 network deployed in outer space, accompanied by an Earth-based Layer 2 state chain.
relevant: Distributed network uplinks aim to reduce Internet costs beyond 40,000 routers.
The outer layer 1 is called the “celestial chain”, and the terrestrial layer 2 is called the “Uncelestial” network.
Spacecoin XYZ presents a two-tier design with L1 deployed in outer space. Source: Spacecoin
“The Heavenly Chain is the outermost authority. Ultimately, it is about recording an immutable history that will at some point outlast our lives here on Earth,” Malkhi said.
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