The Spacecoin project team has announced the launch of a satellite designed to secure blockchain protocols in outer space.
?Announcement ?️@Spacecoin_xyz genesis launch nodes into orbit aboard @SpaceX Falcon 9 Bandwagon 2 mission ? pic.twitter.com/xPiD8Y1naK
— Spacecoin — Orbital Root of Trust (@Spacecoin_xyz) December 21, 2024
In an interview with Cointelegraph, company co-founder Daniel Barr described the first officially standardized satellite as a significant milestone in deploying the “Spacecoin layer” into Earth’s orbit.
The device was launched aboard a SpaceX Falcon Heavy rocket, which took off from California, USA, on December 21. According to Barr, the company plans to gradually establish a “constellation” of seven to ten spacecraft by 2025.
This number of satellites will be sufficient to ensure the operation and launch of the main Spacecoin network, explained a project representative.
The space node itself consists of two small devices about the size of a laptop hard drive, which Barr refers to as “crypto engines,” along with a data module.
Spacecoin positions itself as a large-scale DePIN project for an extraterrestrial blockchain backup layer and a marketplace for “celestial services.” Initially, the main goal is to create a space data center providing an “unattainable level of security on Earth.”
“Think of it as a reliable hardware platform that is truly leak-proof. No one can interfere with the satellite’s software, not even us,” explained Dalia Malhi, a computer science professor at the University of California, Santa Barbara, and a Spacecoin consultant.
According to the project’s Blue Paper, the solution creates a new first-level network architecture deployed in space with support for L2 state networks located on Earth. The space layer is called the Celestial Chain, while the second is the Uncelestial network.
“The Celestial Chain is the ultimate authority. Ultimately, it records an immutable history that may outlast us here on Earth,” Malhi emphasized.
Back in February, Geometric Energy Corporation rebooked a launch with SpaceX for the DOGE-1 satellite to the Moon. The flight was fully paid for with the cryptocurrency Dogecoin.
Previously, another space mission by the DOGE community ended in failure — the attempt to send a physical wallet with the meme coin to the Moon. The initiative was part of Astrobotic’s Peregrine Mission One project.