Extra-terrestrial ambitions are rewarded. The British blockchain start-up SpaceChain will also install a blockchain network in space. Bitcoin satellites are by no means a new invention.The British blockchain start-up SpaceChain receives government funding for the development of a decentralized satellite network in orbit. SpaceChain receives 440,000 British pounds (around 480,000 euros) in funding. The start-up also has access to research and development facilities. Together with Addvalue Innovation and Alba Orbital, SpaceChain will develop a decentralized satellite infrastructure (DSI). At the core of the DSI, a blockchain is operated to enable direct control of a satellite in real-time. The network nodes should orbit in low earth orbit (LEO), with an altitude of no more than 2,000 kilometers.Once the DSI architecture and the blockchain payload have been developed, a test phase follows to check reliable connectivity and performance. Once this has been successfully completed, providers of space resources, satellite applications and fintech companies can access the SpaceChain network.The funding is provided by EUREKAsGlobalstars initiative awarded. EUREKA was founded in 1985 and is an international network that aims to promote collaboration in research and development in 45 countries. As a result, 14 countries of the cooperation network were invited to submit proposals for this project. With the planned blockchain-powered mesh network of satellites in low earth orbit, SpaceChain and its partners are planning to \u201cdemocratize access to the emerging space sector with lower entry barriers for individual companies.\u201dSpace exploration projects are huge and require close collaboration and partnership. This milestone opens up new opportunities for building commercial solutions using space and blockchain applications,Nick Trudgen, Chief Commercial Officer und U.K. Director bei SpaceChainSpaceChain announced earlier this summer that it had carried out its first blockchain transaction in space. The hardware housed in the International Space Station authorized a transfer of 0.0099 BTC (about $\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Extra-terrestrial ambitions are rewarded. The British blockchain start-up SpaceChain will also install a blockchain network in space. Bitcoin satellites are by no means a new invention.The [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/2969"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=2969"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/2969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=2969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=2969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=2969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}