Spacecoin Beams Blockchain Transaction Through Space In Bid For Decentralized Internet

Spacecoin says it reached a caller milestone successful its quest to build a decentralized communications backbone that could 1 time rival SpaceX’s Starlink.

The institution said this week that it successfully transmitted secured information via its first objection satellite, validating nan spacecraft’s expertise to execute encrypted transactions successful orbit.

The blockchain transaction, beamed from Chile to Portugal, served arsenic a proof-of-concept for moving cryptographic signatures and encrypted information done space.

“Can we nonstop cryptographic signatures to abstraction intact? Without it, we cannot build a decentralized web of communications satellites and fulfill nan imagination of building permissionless connectivity,” Spacecoin laminitis Tae Oh said successful a video posted connected X. “That was nan main ngo of CTC-0, that we launched December 2024 pinch SpaceX. And today, I’m gladsome to stock that CTC-0 fulfilled its purpose.”

CTC-0, a mini outer built by Endurosat and launched connected a Falcon 9 rideshare successful December 2024, is nan first successful a statement of prototypes that Spacecoin plans to launch. The adjacent 3 satellites, collectively called CTC-1, will beryllium somewhat larger, followed by moreover bigger spacecraft to boost performance.

The trial comes arsenic Starlink continues to cement its lead successful nan outer broadband space. With its vertically integrated motorboat business, SpaceX has put much than 8,000 satellites successful orbit and has already signed connected millions of world customers. A fistful of competitors, see Amazon’s Kuiper, are besides positioning themselves against nan company.

But dissimilar Starlink and different managed broadband networks, Spacecoin’s attack is based connected “tokenized access” and decentralization. The institution will motorboat “Starmesh,” an encrypted net postulation network, that it says will “maintain net state while allowing safe, untraceable browsing and entree to decentralized web services.”

Founded successful 2022, Oh spun nan task retired of Gluwa, a patient he founded that provides financial services to emerging markets. Spacecoin’s net infrastructure would tally connected nan Creditcoin blockchain, which would fto customers salary net fees and behaviour different financial transactions.

“Unlike terrestrial networks, which stay susceptible to outages, censorship, and costs barriers, a decentralized satellite-based strategy tin present net entree that is global, censorship-resistant, and independent of monopolies,” nan institution said successful a statement.