"Can we send cryptographic signatures to space intact? Without it, we cannot build a decentralized network of communications satellites and fulfill the vision of building permissionless connectivity,"
"That was the main mission of CTC-0, that we launched December 2024 with SpaceX. And today, I'm glad to share that CTC-0 fulfilled its purpose."
"maintain internet freedom while allowing safe, untraceable browsing and access to decentralized web services."
Spacecoin transmitted secured data via its first demonstration satellite, validating the spacecraft's ability to execute encrypted blockchain transactions in orbit. The blockchain transaction was beamed from Chile to Portugal as a proof-of-concept for moving cryptographic signatures and encrypted data through space. CTC-0, a small satellite built by Endurosat, launched on a Falcon 9 rideshare in December 2024. Spacecoin plans three slightly larger CTC-1 prototypes followed by larger spacecraft to boost performance. Spacecoin will deploy Starmesh, an encrypted internet traffic network with tokenized access intended to maintain internet freedom while allowing safe, untraceable browsing and access to decentralized web services. Starlink operates over 8,000 satellites and serves millions of customers; competitors include Amazon's Kuiper. Founder Tae Oh spun the venture out of Gluwa in 2022.
#decentralized-satellite-network #blockchain #encrypted-communications #tokenized-access #satellite-internet-competition
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