DePIN Project Spacecoin to Launch Decentralized Satellite for Global 5G Access

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As a seasoned crypto investor with over a decade of experience under my belt, I’ve seen countless projects come and go, some with grand promises that never materialized. However, Spacecoin’s ambitious plan to launch its first satellite, CTC-0, on December 21, caught my attention. The project aims to provide global 5G internet access using a decentralized satellite constellation, a goal that aligns perfectly with my belief in the transformative power of technology for underserved communities.

As a forward-thinking crypto investor, I’m excited about the impending launch of Spacecoin, a groundbreaking DePin (Decentralized Physical Infrastructure Network) project. Mark your calendars for December 21st, as we gear up to send our first satellite, CTC-0, soaring into space!

The satellite is identified as the pioneer of a decentralized network of satellites, marking a new era for delivering worldwide 5G internet coverage.

Spacecoin’s Satelite Will Use Elon Musk’s SpaceX Falcon 9 Rocket

The satellite CTC-0 will embark on a journey from the Vandenberg Space Force Base, carried by SpaceX’s Falcon 9 rocket, as part of the Bandwagon-2 shared mission. Its main objective is to provide internet access to areas that currently lack reliable connections, especially in developing markets where this connectivity is often difficult to establish.

Spacecoin is employing both blockchain technology and small satellites in Low Earth Orbit (LEO) to construct a distributed network framework. This venture has attracted substantial interest, boasting more than 300,000 enthusiasts on social media platform X (previously known as Twitter).

Based on its whitepaper, the Spacecoin satellite employs Next-Generation Terrestrial Network (5G NTN) technology to sidestep conventional ground systems such as fiber-optic cables and cellphone towers. This method is said to significantly reduce connectivity costs, with projected figures of between $1–$2 per user monthly in the targeted regions.

In a conversation with BeInCrypto, Spacecoin’s CEO, Stuart Gardner, stated that satellite-based internet systems have become the most practical solution for ensuring global internet coverage. These satellites can effortlessly connect remote and underprivileged areas where traditional ground infrastructure fails to reach. Spacecoin is harnessing Low Earth Orbit satellites and blockchain technology to provide a dependable and cost-effective internet service.

2024 saw significant progress in the Decentralized Personal Identification (DePIN) sector. As per CoinGecko’s latest figures, DePIN-based cryptocurrencies boast a combined market capitalization of approximately $44.5 billion at present.

In the latest development, OpenLedger’s partnership with Io.net has extended the availability of GPU processing power for enhancing decentralized artificial intelligence models. Meanwhile, Helium’s communications network infrastructure has garnered significant institutional interest, earning approval for a case study by Harvard Business School.

Furthermore, during Q3, Polygon Ventures took a notable step by spearheading a $20 million investment in the well-known DePIN project, Edge Matrix Chain (EMC). This project aims to merge computing networks with decentralized artificial intelligence applications. EMC has been under development for a span of four years.

In a significant move forward, investment companies Hodler and Gewan from the UAE have unveiled a $500 million fund aimed at bolstering DePIN and AI projects. It’s intriguing to watch if Spacecoin’s eagerly awaited initiative will pan out successfully. Experts speculate that by 2025, DePIN could become a significant player in the blockchain market, with an influx of funds and advancements anticipated.

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2024-12-06 03:29