DePIN Spacecoin to Launch First Decentralized 5G Satellite
Spacecoin, an upcoming decentralized physical infrastructure network (DePIN) project, announced plans to launch its first satellite, CTC-0, on December 21.
The satellite is billed as the first-ever decentralized satellite constellation to provide global 5G internet access.
Spacecoin’s satellite will use Elon Musk’s SpaceX Falcon 9 rocket
CTC-0 will be launched from the ship SpaceX’s Falcon 9 rocket from Vandenberg Space Force Base as part of the Bandwagon-2 ride-share mission. Its main focus is to provide internet access to underserved areas, especially in emerging markets where reliable connectivity remains a challenge.
Spacecoin is using blockchain and low Earth orbit (LEO) nanosatellites to create decentralized network infrastructure. The project has already attracted widespread attention, with over 300,000 followers on X (formerly Twitter),
According to its white paper, Spacecoin’s satellites use 5G NTN technology to bypass traditional terrestrial infrastructure such as fiber optic cables and cell phone towers. This approach will reportedly reduce connectivity costs, expected to be just $1 to $2 per user per month in target areas.
“Satellite-based internet infrastructure has emerged as the only viable means of providing universal internet access. It can easily reach remote and underserved areas where ground-based infrastructure is inadequate. At Spacecoin, we are leveraging low-Earth orbit satellites and blockchain technology to provide reliable and affordable internet,” Stuart Gardner, the project’s CEO, told BeInCrypto.
at the same time, DePIN sector Significant progress has been made throughout 2024. The DePIN cryptocurrency currently has a market capitalization of $44.5 billion, according to CoinGecko data.
recent, Cooperation between OpenLedger and Io.net Expand GPU computing resources to scale decentralized AI models. Helium’s telecommunications infrastructure Get institutional attention with case studies officially recognized By Harvard Business School.
Additionally, Polygon Ventures made major moves in the third quarter: Leading investment of US$20 million In the Edge Matrix Chain (EMC). This is a popular DePIN project that combines computing networks with decentralized artificial intelligence applications. EMC has been developing it for four years.
In another major development, UAE-based investment firms Hodler and Gewan Launched $500 million fund Promote the development of DePIN and artificial intelligence enterprises. It will be interesting to see if Spacecoin’s much-anticipated project succeeds. Analyst forecasts DePIN will become a key blockchain market By 2025, increased funding and innovation are expected.
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