Spacecoin XYZ Launches Satellite into Outer Space

SpaceCoin XYZ has made a groundbreaking move by launching its first satellite into orbit, a pivotal step toward enabling blockchain networks to operate securely in outer space.

Co-founder Daniel Bar hailed the achievement as the inaugural milestone in establishing the "SpaceCoin layer" in Earth's orbit.

The satellite, launched aboard SpaceX's Falcon Heavy from California on 21 December, is the first in a series of planned deployments.

Bar revealed that SpaceCoin aims to deploy a constellation of seven to ten satellites by 2025, which will be sufficient to bring the SpaceCoin mainnet fully online.

He emphasized this development as a significant leap toward realising the vision of the "Space Computer," highlighting its potential to revolutionise blockchain infrastructure.

Matej Yangwao, fellow co-founder, shared his sentiments on X (formerly known as Twitter) as well.

Spacecoin to Offer Levels of Security Not possible on Earth

The SpaceCoin satellite features two compact "crypto engines," as described by Bar, each about the size of a desktop hard drive, alongside a data module comparable to a MacBook.

These components are integrated into the satellite's "bus," the core infrastructure, and are powered by solar panels once deployed in Earth's orbit.

Dahlia Malkhi, SpaceCoin adviser and computer science professor at UC Santa Barbara, highlighted the ambitious scope of the project.

She envisions the decentralised physical infrastructure network (DePIN) as not only an extraterrestrial backup for blockchain networks but also a future marketplace for "celestial services."

For now, however, SpaceCoin's primary focus is establishing itself as a space-based data center, offering unparalleled security unattainable on Earth. https://www.coinlive.com/news/mars-or-bust-can-elon-musk-s-crewless-spacex-mission-pave

Malkhi expressed:

“You can think of it as a trusted hardware platform, which is really leakproof once you deploy it safely and securely. Nobody can tamper with the hardware on a satellite, not even us. We can bring down the satellite and crash it on Earth, but we cannot tamper with the hardware.”

Spacecoin XYZ's Blue Paper

SpaceCoin XYZ introduced its Blue Paper, detailing its ambitious vision for creating a decentralised physical infrastructure network (DePIN) powered by a fleet of nanosatellites, on 1 November.

The Blue Paper outlines a groundbreaking architecture comprising a layer-1 blockchain deployed in space, known as the "Celestial Chain," paired with layer-2 state chains operating on Earth, collectively referred to as the "Uncelestial Network."

This dual-layer design aims to seamlessly bridge off-world and terrestrial blockchain capabilities, setting a new standard for decentralised systems.