On December 21, SpaceCoin successfully launched its first satellite to establish an orbital blockchain network. The launch took place using a Falcon 9 rocket from SpaceX at Vandenberg Space Force Base in California.
The satellite is equipped with specialized cryptographic modules for data processing and a self-destruction system to prevent unauthorized access.
The project introduces a unique two-tier architecture called the 'celestial chain,' integrating orbital and ground components of the network. According to project advisor Professor Dalia Malhi, placing key infrastructure elements in space will achieve a high level of security, eliminating the potential for physical interference with the system.
Co-founder Daniel Barr revealed plans for 2025, which include launching up to ten additional satellites to deploy the main network. The initiative aims to extend blockchain technology beyond Earth and create a robust infrastructure to support commercial space initiatives, marking a significant advancement in the development of the space economy.