The article explores the burgeoning space business, emphasizing its roots in satellite technology that enhances communication and data collection. While traditional funding through fiat currencies dominates the sector, new projects like Spacecoin use cryptocurrency to disrupt this model by integrating decentralized finance (DeFi) into satellite internet services. By allowing users to own a stake in satellite ventures, Spacecoin represents a significant shift in how space operations might be funded. The piece also highlights the success of established companies like SpaceX and the innovative use of Bitcoin in space operations.
The astronaut in outer space is humanity's triumph over our gravity prison-Planet Earth.
Satellites make intercontinental communication faster and cheaper than hopping around signals using ground towers or fiber optic cables.
Spacecoin wants to rewrite the script by bringing DeFi into the mix.
They've already launched a satellite into orbit.
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