The Spacecoin project team announced the successful launch of a satellite designed to secure blockchain protocols in space.

📡Announcement 🛰️@Spacecoin_xyz genesis launch nodes into orbit aboard @SpaceX Falcon 9 Bandwagon 2 mission 🚀 pic.twitter.com/xPiD8Y1naK
— Spacecoin – Orbital Root of Trust (@Spacecoin_xyz) December 21, 2024

In an interview with Cointelegraph, company co-founder Daniel Barr described the satellite as a critical milestone in deploying the “Spacecoin layer” into Earth’s orbit.

The satellite was launched aboard a SpaceX Falcon Heavy rocket from California, USA, on December 21. According to Barr, the company plans to establish a constellation of seven to ten spacecraft by 2025.

This network of satellites will provide sufficient infrastructure to operate and launch Spacecoin’s mainnet, the project’s representative explained.

The space node comprises two small devices about the size of a laptop hard drive, referred to by Barr as “crypto engines,” along with a data module.

Spacecoin is positioning itself as a large-scale DePIN (Decentralized Physical Infrastructure Network) project, designed as an extraterrestrial blockchain backup layer and a “celestial services” marketplace. Initially, its primary goal is to create a space data center offering “an unmatched level of security not achievable on Earth.”

“Think of it as a secure hardware platform truly resistant to breaches. No one can interfere with the satellite’s software, not even us,” explained Dalia Malkhi, a computer science professor at the University of California, Santa Barbara, and Spacecoin advisor.

According to the project’s Blue Paper, the solution establishes a novel Layer 1 network architecture deployed in space, supported by Layer 2 state networks based on Earth. The space layer is named the Celestial Chain, while the second layer is called the Uncelestial Network.

“Celestial Chain is the ultimate authority. It records an immutable history that, in time, could outlast us here on Earth,” Malkhi emphasized.

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