Based on CoinTelegraph, Spacecoin XYZ has successfully launched its first satellite into orbit, marking a significant milestone in its plan to establish a decentralized physical infrastructure network in space. The launch took place on December 21, as part of the SpaceX Falcon Heavy mission in California. Co-founder Daniel Bar highlighted this as the first step towards a 'Spacecoin layer' in Earth's orbit. The satellite, equipped with 'crypto engines' and powered by solar panels, is part of a broader plan to deploy a constellation of satellites by 2025, enabling the Spacecoin mainnet. Adviser Dahlia Malkhi emphasized the project's goal to create a secure space data center, offering unparalleled security. The initiative is detailed in Spacecoin's Blue Paper, which outlines a two-tiered network design with a layer-1 network in space and layer-2 state chains on Earth.
Spacecoin XYZ Launches First Satellite for Blockchain Network in Space
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