Will Cryptocurrencies Follow Man into the Final Frontier?
Co-founded by former Bitcoin developer Jeff Garzik, SpaceChain aims on expanding blockchain technology into the cosmos. In a similar manner to Blockstream's Satellite, they have installed nodes on a few satellites, including the international space station.
In addition to the SpaceChain Foundation expanding the Internet of Things (IoT) and developing platforms which will ease space to earth communications, there is also a token.
SpaceChain token (SPC) launched in 2018, as is built on the QTUM network, a competitor to Ethereum of sorts. It is currently trading at $0.002014 or 0.00000021 BTC & is available on a small number of markets including Bittrex and HitBTC.
SpaceChain and Core Semiconductor
As part of their plan to expand blockchain technology into space, the SpaceChain Foundation announced a strategic investment in Core Semiconductor. Together they aim on producing the first open-source hardware platform which will users to access a downlink directly. This will essentially remove the need for 3rd-party network or satellite dish.
The hardware platform is expected to be small in size and will be able to fit within most phones and other handheld devices. It will be launched with cryptocurrency & space enthusiasts in mind and is reported to be affordable although an official price-tag has yet to be announced. As an open-source project, users can verify its security personally and check out their code on GitHub.
"GPS is a low datarate protocol that has transformed the way we navigate the world and created over US$400 billion in equity value," said Jeff Garzik, SpaceChain Foundation co-founder and CTO. "We want to do the same for emerging digital economies. Adding secure direct downlink and location capability to devices on a robust multi-layer global decentralised infrastructure will bring blockchain to mass adoption."
Written by Jonathan Ganor
Writer & cryptocurrency aficionado