Spacecoin XYZ has initiated the process of establishing its extraterrestrial decentralized physical infrastructure network.
Spacecoin XYZ has successfully launched its inaugural satellite into orbit, thereby achieving its initial milestone in the development of a fleet of satellites that would enable the security of blockchain networks in outer space.
In an interview with Cointelegraph, Daniel Bar, the co-founder of Spacecoin XYZ, stated that the first officially standardized satellite was the first significant milestone in the process of bringing the “Spacecoin layer” online in Earth’s orbit.
In California, the satellite was launched as part of the SpaceX Falcon Heavy at 3:34 a.m. local time on December 21.
According to Bar, the Spacecoin satellite will serve as the initial of numerous satellites that will be deployed in the months ahead.
He informed us that Spacecoin intends to launch a “constellation” of seven to ten additional satellites in 2025, which would be sufficient to bring the Spacecoin mainnet online.
The Spacecoin satellite is composed of two compact devices that Bar refers to as “crypto engines.”
Each device is approximately the size of a desktop hard drive, and the other is a data module that is approximately the size of a Macbook.
When deployed in the Earth’s orbit, these modules are powered by solar panels and are affixed to the satellite’s “bus,” which is the primary component of the satellite infrastructure.
Dahlia Malkhi, a professor of computer science at the University of California Santa Barbara and Spacecoin adviser, disclosed to Cointelegraph that Spacecoin’s objectives encompass a variety of endeavors, including the DePIN network serving as an extraterrestrial backup layer for blockchain networks and a commerce marketplace for “celestial services.”
However, the primary objective of Spacecoin at present is to establish itself as a space data center, providing levels of security that are not feasible on Earth.
“You can consider it a trusted hardware platform that is truly leakproof once it is deployed safely and securely.” Malkhi stated, “The hardware on a satellite is impenetrable to anyone, including us.”
“We can bring the satellite down and crash it into the Earth, but we are unable to manipulate the hardware.”
Spacecoin XYZ unveiled its Blue Paper on November 1, a document that delineated its strategy for establishing a decentralized physical infrastructure network (DePIN) in space by employing a fleet of nanosatellites.
Spacecoin will introduce a novel design that is constructed with a layer-1 network deployed in outer space and accompanying layer-2 state chains based on Earth, as stated in the project’s Blue Paper.
The terrestrial layer-2 is referred to as the “Uncelestial” network, while the off-world layer-1 is referred to as the “Celestial Chain.”
“The Celestial Chain is the ultimate authority.” Malkhi stated, “Ultimately, that is the one that preserves an immortal history that may surpass our existence on Earth at some point.”
