Spacecoin Set to Launch Its Inaugural Satellite, Paving the Way for Decentralized High-Speed Internet Access

The Decentralized Physical Infrastructure Network (DePIN) initiative has just revealed its plans to launch the CTC-0 satellite, which is set for takeoff on December 21st. This launch marks a key milestone in Spacecoin’s mission to create a decentralized, space-based internet provider intended to realize the true vision of the internet—providing universal, unrestricted access for all. Spacecoin \"The Internet stands as one of the most transformative inventions of our age, impacting every facet of human existence – from information access to financial services, education, and healthcare,\" stated Tae Oh, the Founder of Spacecoin, in a recent statement. \"Yet, there are still billions of individuals who are disconnected from this opportunity. At Spacecoin, our goal is to change this, and this satellite launch represents our first stride toward achieving universal internet access,\" he emphasized.

At present, around 37% of people globally lack reliable internet access. Through its mission to provide universal connectivity, this project targets the goal of 'Connecting the Unconnected,' particularly delivering mobile internet solutions to underrepresented areas with limited or no reliable internet, especially in developing nations. The CTC-0 satellite will launch from Vandenberg Space Force Base, traveling aboard SpaceX’s Falcon 9 rocket as part of the Bandwagon-2 rideshare mission.

Spacecoin and Its Approach: Empowering Network Decentralization, Affordability, and Industry Adherence

With its focus on harnessing the power of blockchain and Low Earth Orbit (LEO) satellites, Spacecoin aspires to deliver high-speed, decentralized internet access to distant and marginalized communities around the globe. Utilizing Creditcoin’s Layer 1 framework, the project will oversee satellite functions, governance, transactions, and resource management on the blockchain.

As the first DePIN Employing 5G Non-Terrestrial Network (NTN) technology, the project will facilitate direct device connectivity while eliminating the necessity for expensive ground infrastructure, like fiber-optic networks and cellular towers. Additionally, the blockchain-based Spacechain protocol guarantees that the network remains decentralized with no single entity in control. This structure allows users to enjoy true independence over their internet experiences, free from the interference or shutdowns imposed by telecom companies or government authorities. By decreasing dependency on traditional infrastructure and embracing blockchain, Spacecoin estimates to significantly cut operational expenses, projecting monthly costs of only $1-2 for users in developing regions.

Furthermore, the network will be fully compatible with 3GPP industry standards, ensuring smooth functionality with the latest 5G NTN-enabled mobile devices, including those from leading brands such as Apple.

The initiative intends to open-source its complete technology stack, including hardware components, to promote collaboration and innovation across the industry. Samsung Please be informed that the information shared on this page is not meant to serve as, and should not be construed as legal, tax, investment, or financial advice of any kind. It is crucial to invest only what you can afford to lose and to consult independent financial advisors if you have any uncertainties. For more details, we encourage you to review the terms and conditions, as well as the help and support resources provided by the issuer or advertiser. MetaversePost is devoted to delivering accurate and unbiased reporting, but market circumstances can shift unexpectedly.