Spacecoin XYZ launches first satellite in outer space blockchain network

As a seasoned crypto investor with a keen interest in cutting-edge technology, the news about Spacecoin XYZ launching its satellite into orbit has piqued my curiosity. I’ve been around long enough to remember the skepticism surrounding blockchain and its potential applications, but witnessing the progress made by projects like Spacecoin is nothing short of awe-inspiring.

As a crypto investor, I’m thrilled about the recent launch of Spacecoin XYZ’s first satellite into orbit. This milestone marks the beginning of their ambitious plan to deploy a constellation of satellites, which will play a crucial role in securing blockchain networks from the vantage point of space.

As a proud Spacecoin XYZ investor, I’m excited about the recent announcement by co-founder Daniel Bar. He shared that the launch of the first officially standardized satellite marks a significant step towards putting the “Spacecoin layer” into operation, orbiting our Earth. This is an incredible leap forward in the integration and utilization of Spacecoin technology, and I can’t wait to see what the future holds!

The satellite was launched as part of SpaceX Falcon Heavy, which lifted off at 3:34 am local time in California on Dec. 21.

Bar mentioned that the initial Spacecoin satellite would be followed by several more launches of satellites in the upcoming months.

He said Spacecoin plans to launch a “constellation” of between seven and ten additional satellites in 2025, which would be enough to bring the Spacecoin mainnet online.

The Spacecoin satellite itself is comprised of two small devices Bar calls “crypto engines” — each roughly the size of a desktop hard drive and another data module roughly the size of a Macbook.

These modules are connected to the central body (or backbone) of the satellite, known as the “bus,” and receive power from solar panels once they’re launched into Earth’s orbit.

Dahlia Malkhi, advisor for Spacecoin and computer science professor at the University of California Santa Barbara shared with CryptoMoon that Spacecoin’s objectives span from the DePIN network serving as an off-world backup system for blockchain networks to a commercial platform facilitating “cosmic services.

Currently, my focus as an analyst lies on Spacecoin’s ambitious project. At this point in time, the main objective is to establish Spacecoin as a cutting-edge space data center. This unique setup aims to provide security levels that surpass what we can achieve on Earth.

In simpler terms, Malkhi explained that the system is similar to a highly secure piece of equipment once properly set up. Since no one, including us, can access or alter the hardware on a satellite while it’s in orbit, our only option would be to bring down the satellite and have it crash to Earth, but we cannot change the hardware itself.

As a cryptocurrency investor, I was thrilled on November 1 when Spacecoin XYZ revealed their Blueprint, a comprehensive guide detailing their strategy for establishing a decentralized network of physical infrastructure in space, utilizing a swarm of nanosatellites.

As outlined in the project’s Blueprint document, Spacecoin is set to unveil an innovative structure that includes a layer-1 network, which will be positioned in space, along with layer-2 state chains grounded on Earth.

In this context, we refer to the space-based layer-1 as the “Celestial Network,” while the Earth-bound layer-2 is known as the “Non-Celestial” or “Terrestrial” network.

According to Malkhi, the “Celestial Chain” holds the highest power. Eventually, it’s this entity that keeps a permanent record of history which could potentially endure longer than our existence on Earth.

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