Spacecoin XYZ launched the first satellite into space. blockchain network
Spacecoin XYZ has launched the first ever satellite into orbit, marking the first step in bringing satellite fleets online, enabling blockchain networks to secure space.
Spacecoin XYZ co-founder Daniel Barr told Cointelegraph that the first ever officially standardized satellite is the first major milestone in bringing the “Spacecoin Layer” online in Earth orbit.
The satellite was launched into space on December 21 at 3:34 a.m. in California as part of SpaceX's Falcon Heavy.
According to Barr, the Spacecoin satellite will be the first of many satellites to be launched into space in the coming months.
Spacecoin plans to launch a “constellation” of between seven and ten more satellites by 2025, enough to bring the Spacecoin mainnet online.
The Spacecoin satellite itself consists of two small devices that Barr calls “crypto engines” — each roughly the size of a desktop hard drive and another data module the size of a MacBook.
These modules are attached to the satellite's “bus” – a core part of the satellite's infrastructure – and are powered by solar panels when deployed in Earth orbit.
The first test satellite image of Spacecoin XYZ was sent into space earlier this year. Source: Spacecoin XYZ
Dahlia Malki, a Spacecoin consultant and professor of computer science in Santa Barbara, California, told Cointelegraph that Spacecoin's ambitions range from a DPin network to an extra-terrestrial backup layer for blockchain networks to a “sky services” marketplace.
But right now, Spacecoin's main goal is to build itself into a space-based data center, offering levels of security impossible here on Earth.
“You can think of it as a trusted hardware platform, which once you've deployed it safely and securely, can be leaked. No one can tamper with the hardware on the satellite, not even us,” Malki said. “We can take down the satellite and crash it on Earth, but we can't destroy the hardware.”
In the year On November 1, Spacecoin XYZ released a blue paper document outlining its approach to launching a Decentralized Physical Infrastructure Network (DePIN) using a fleet of nanosatellites in space.
According to the project's blue paper, Spacecoin introduces a novel architecture built on a space-based layer-1 network and ground-based layer-2 state chains.
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The extraterrestrial layer-1 is called the “celestial chain”, and the terrestrial layer-2 is called the “unprotected” network.
Spacecoin XYZ deploys a two-tiered design, with a stretched L1 on outer space. Source: Spacecoin
“The Celestial Chain is an external authority. Ultimately, this is an immutable record of history that may outlive our lives at some point on Earth,” Malki said.
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