DePIN Project Spacecoin to Launch Decentralized Satellite for Global 5G Access
Spacecoin, an upcoming Decentralized Bodily Infrastructure Community (DePIN) undertaking, introduced plans to launch its first satellite tv for pc, CTC-0, on December 21.
The satellite tv for pc is being labeled because the first-ever decentralized satellite tv for pc constellation to supply world 5G web entry.
Spacecoin’s Satelite Will Use Elon Musk’s SpaceX Falcon 9 Rocket
CTC-0 will launch aboard SpaceX’s Falcon 9 rocket from the Vandenberg Area Power Base as a part of the Bandwagon-2 rideshare mission. Its main focus is on delivering web entry to underserved areas, significantly in rising markets the place dependable connectivity stays a problem.
Spacecoin is utilizing blockchain and Low Earth Orbit (LEO) nanosatellites to create a decentralized community infrastructure. The undertaking has already garnered important consideration, with over 300,000 followers on X (previously Twitter),
Based on its whitepaper, Spacecoin’s satellite tv for pc makes use of 5G NTN know-how to bypass conventional floor infrastructure like fiber-optic cables and cellphone towers. This strategy will reportedly decrease connectivity prices, with estimates of simply $1–$2 per person monthly in focused areas.
“Satellite tv for pc-based web infrastructure has emerged as the one viable technique of delivering common web entry. It will possibly simply attain distant and underserved areas the place ground-based infrastructure falls quick. At Spacecoin, we’re leveraging Low Earth Orbit satellites and blockchain know-how to ship dependable and reasonably priced web,” the undertaking’s CEO, Stuart Gardner, informed BeInCrypto.
In the meantime, the DePIN sector has witnessed notable developments all through 2024. DePIN cryptocurrencies at present have a $44.5 billion market cap, in line with CoinGecko knowledge.
Most just lately, OpenLedger’s collaboration with Io.web expanded GPU compute assets for scaling decentralized AI fashions. Helium’s telecom infrastructure gained institutional consideration, with a case research authorised by Harvard Enterprise Faculty.
Additionally, Polygon Ventures made a major transfer in Q3 by main a $20 million funding in Edge Matrix Chain (EMC). It’s a well-liked DePIN undertaking integrating computing networks with decentralized AI purposes. EMC has been in improvement for 4 years.
In one other main improvement, UAE-based funding corporations Hodler and Gewan launched a $500 million fund to spice up DePIN and AI ventures. It could be fascinating to see if Spacecoin’s extremely anticipated undertaking succeeds. Analysts predict that DePIN will emerge as a key blockchain market phase by 2025, with elevated funding and innovation anticipated.
