tl;dr
Spacecoin, a decentralized infrastructure network, plans to use nanosatellites and blockchain technology to provide high-speed internet to underserved communities. The initiative aims to bridge the digital divide by creating a global 5G network at a fraction of the cost of traditional methods. Utili...
Spacecoin initiative aims to provide high-speed internet to remote communities using nanosatellites and blockchain technology, aiming to bridge the digital divide affecting billions of people.
By launching low-earth orbit satellites and leveraging blockchain technology, Spacecoin plans to establish a global 5G network for a fraction of the cost of traditional methods, with users paying network fees in crypto.
The project, developed with input from U.S. military and NASA experts, is set to launch its first satellite in Q4 2024, with the goal of enabling users to pay internet fees with crypto across any chain, marking a first for DePIN satellite infrastructure.
Spacecoin, a decentralized infrastructure network, plans to use nanosatellites and blockchain technology to provide high-speed internet to underserved communities. The initiative aims to bridge the digital divide by creating a global 5G network at a fraction of the cost of traditional methods. Utilizing input from military, scientific, and blockchain experts, Spacecoin intends to use smart contracts and blockchain technology to manage data transmission securely and enable users to pay internet fees with cryptocurrency.
The launch of the first satellite is scheduled for Q4 2024. Spacecoin, a decentralized physical infrastructure network leveraging nanosatellites to provide high-speed internet to remote communities, has an ambitious lofty goal.
Unveiled exclusively to Decrypt during Korea Blockchain Week in Seoul on Wednesday, the initiative aims to bridge the digital divide affecting billions of people, particularly in underserved areas, by leveraging infrastructure from Layer-1 blockchain Creditcoin.
“Because of the cost, the network infrastructure today is centralized,” Tae Oh, founder of Creditcoin, told Decrypt. “Each telco owns its network infrastructure and is not sharing it for obvious reasons.”
The founder pointed to places like China and, more recently, Brazil—whose Supreme Court recently denied access for 215 million people to social media platform X.
“A government that controls the telcos can censor what website or information a user has access to,” Tae Oh said. “We want to replace this with a constellation of satellites, which allows anyone to be a part of the network infrastructure.”
With the launch of multiple low-earth orbit satellites—no larger than the size of a microwave oven—the company is hoping to establish a global 5G network for a fraction of the cost compared to traditional methods including fiber optic cables, explained Scott Hasbrouck, Spacecoin’s chief technology officer.
“They're so cheap, they're disposable,” Hasbrouk said regarding the drop in satellite production costs in recent years and the design of their nano models. “They’re designed to last three to five years before they completely demise on reentry interface.”
The project is also being developed with input from a U.S. military general, a lunar scientist, a NASA astronaut, and several blockchain industry experts.
On the blockchain side, Spacecoin plans to utilize the technology to manage data transmission securely, with users paying network fees in crypto. By building on Creditcoin, Spacecoin wants to enable users to pay internet fees with crypto across any chain. Spacecoin executives claim its use of smart contracts for on-chain data transmission "opens up" a new level of security and transparency, which they also said marked a first for DePIN satellite infrastructure. The launch of the first satellite, CTC-0, is scheduled for Q4 2024.
More about United States Steel Corporation
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United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.
Industry: MANUFACTURING, STEEL WORKS, BLAST FURNACES & ROLLING MILLS (COKE OVENS)
Contact: 800-864-7000
Current Price: $15.55
Change: $0.2 ( 2.29%)
52-week Range: $7.57 - $25.31
Dividend Yield: 0.034
Market Cap: $16.85 billion
Price-to-Earnings Ratio: 45.45
EPS: -$0.617
Forward P/E: -0.178
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More about Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
ENERGY & TRANSPORTATION
GOLD AND SILVER ORES
Market Cap: 109.25M
Dividend Yield: None
Beta (5Y Monthly): 0.127
EPS: -0.0306
Volume: 36.72M
P/E Ratio: 1.38
Forward Dividend & Yield: 2.549 / 0.625