Spacecoin announced the performance of the first blockchain transaction via the room, completed via a CTC-0 satellite.
Summary
- Spacecoin announced his first end-to-end blockchain transaction via a nanosatellite
- The signal went from Chile to Portugal through space and was validated on the blockchain
Blockchain has just left the earth. The satellite-driven Depin project, Spacecoin, completed the very first blockchain transaction to travel through space. Unveiled on Wednesday 1 October during the Token2049 event in Singapore, the transaction was sent via a nanosatellite of more than 7,000 kilometers between Chile and Portugal.
“This is the first time that a blockchain transaction has really left the earth and returns intact. It shows that Crypto does not have to rely on the old internet-it-all otherwise, beyond monopolies, even beyond the planet itself. The mission of Spacecoin is to take the principles of decentralization, and this test is from bid bybit frombit vanbit vanbit vanbit vanbit is frombit vanbit vanbit vanbit vanbit vanbit vanbit is from bid by bid bybit vanbit vanbit, from Bind vanbit, frombit. The Borde, Borde-Rendement, Bordes of the return, ‘Spacecoin, said crypto.news.
The transaction traveled from Punta Arenas, Chile, via S-Band Radio and reached the CTC-0 Nanosatellite. Subsequently, the satellite fell to the Azores, Portugal, where it was validated on the Creditcoin test network. Endurosat, a European nanosatellite company, provided the satellite for the test.
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Spacecoin to use space for decentralization
The space-related transaction was not only symbolic. It is a proof of concept to make crypto and financial transactions in regions possible without reliable internet. Moreover, it strengthens the resistance of blockchain against censorship by bypassing internet providers and terrestrial infrastructure. It can also offer communication in regions that suffer from conflicts.
“In contrast to terrestrial networks, which remain vulnerable to malfunctions, censorship and cost barriers, a decentralized satellite -based system can supply internet access that is worldwide, censor -resistant and independent of Monopolies,” wrote Space Coin press release.
Spacecoin is preparing to launch three more satellites in Q4 2025 to enable cross satellite communication. The project is planning to use these satellites to demonstrate the possibilities on multiple continents.
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