Spacecoin To Launch First Satellite, Enabling Access To Decentralized High-Speed Internet

by
Alisa Davidson

Published: December 05, 2024 at 8:00 am Updated: December 05, 2024 at 5:17 am

by Ana

Edited and fact-checked:
December 05, 2024 at 8:00 am

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Decentralized Physical Infrastructure Network (DePIN) project, Spacecoin, announced the launch of its first satellite, CTC-0, scheduled for December 21st. This launch marks the initial phase of Spacecoin’s goal to establish the world’s first decentralized, space-based internet service provider, aiming to fulfill the original vision of the internet—providing unrestricted, open access for everyone. 

“The Internet is one of the most crucial modern inventions that has revolutionized every aspect of human life – from how we get our information to how we access finance, education, and healthcare,” said Tae Oh, Founder of Spacecoin, in a written statement. “Yet billions remain disconnected from this promise. At Spacecoin, we are committed to changing that, and this launch is the first step towards universal internet access,” he added.

Currently, nearly 37% of the global population lacks internet connectivity. By providing universal internet access, the project aims to “Connect the Unconnected,” offering direct-to-mobile internet services to regions with limited or no reliable internet access, particularly in emerging markets. The CTC-0 satellite will launch from Vandenberg Space Force Base aboard SpaceX’s Falcon 9 rocket as part of the Bandwagon-2 rideshare mission. 

Spacecoin and Its Solution: Decentralized Network Control, Affordability, And Industry Compliance

As the first DePIN project to leverage blockchain and Low Earth Orbit (LEO) satellites, Spacecoin aims to provide high-speed, decentralized internet access to remote and underserved regions worldwide. With Creditcoin’s Layer 1 infrastructure, it will manage satellite operations, governance, payments, and resource allocation on-chain.

The project will utilize 5G Non-Terrestrial Network (NTN) technology to offer direct-to-device connectivity, eliminating the need for costly ground infrastructure like fiber-optic cables and cellphone towers. In addition, the blockchain-powered Spacechain protocol ensures the network remains decentralized, with no central authority controlling it. This will allow users to maintain true autonomy over their internet access, free from censorship or shutdowns by telecom providers or governments. By removing the reliance on traditional ground infrastructure and incorporating blockchain, Spacecoin expects to lower operational costs, estimating monthly expenses of just $1-2 per user in emerging markets.

Its network will also be fully compatible with 3GPP industry standards, ensuring seamless functionality with the latest 5G NTN-enabled mobile devices, including those from major manufacturers like Apple and Samsung. The project plans to open-source its entire technology stack, including hardware, to encourage collaboration and innovation within the industry.