Delaware, USA, December 5th, 2024, Chainwire
Spacecoin is thrilled to announce that it will launch its first satellite, CTC-0, on December 21, 2024. The launch is the first step in Spacecoin’s bold mission to create the world’s first decentralized space-based internet service provider that can deliver the original promise of the Internet – open access to all, with no restrictions.
Nearly 37% of the global population today has no internet connectivity. By bringing universal internet access, we will Connect the Unconnected and provide direct-to-mobile internet connectivity to global regions that lack reliable internet access such as emerging markets. CTC-0 will take off from the Vanderberg Space Force Base aboard SpaceX’s Falcon 9 rocket, as part of the Bandwagon-2 rideshare mission.
“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. Yet billions remain disconnected from this promise. At Spacecoin, we are committed to change that and this launch is the first step towards universal internet access.”
Tae Oh, Founder, Spacecoin
How Spacecoin is Different
- Direct-to-Cell Coverage: The project will rely on 5G NTN technology to provide direct-to-device connectivity, thereby eliminating the need for expensive ground infrastructure such as fiber-optic cables and cellphone towers.
- Decentralized Network Control: Our blockchain-powered Spacechain protocol will ensure that no centralized authority controls the network. Therefore, the internet access will remain truly in the hands of the users and no telecom provider or government will be able to censor or shut it down.
- Affordability: By eliminating the need for ground infrastructure and by utilizing blockchain technology, Spacecoin’s operational costs will be significantly lower. We estimate monthly costs of only US$1-2 per user in emerging markets.
- Industry Compliance: Spacecoin’s network will be fully compatible with the 3GPP industry standards, ensuring our network will work out of the box with all the latest 5G NTN-enabled mobile devices, including those built by Apple and Samsung.
- Open-Source Architecture: Spacecoin plans to open source our entire technology stack, including our hardware, fostering collaboration and innovation in the industry.
“Satellite-based internet infrastructure has emerged as the only viable means of delivering universal internet access. It can easily reach remote and underserved regions where ground-based infrastructure falls short. At Spacecoin, we are leveraging Low Earth Orbit satellites and blockchain technology to deliver reliable and affordable internet, especially in emerging markets.”
Stuart Gardner, CEO, Spacecoin
About Spacecoin
Spacecoin is the world’s first Decentralized Physical Infrastructure Network (DePIN) project to harness blockchain and Low Earth Orbit (LEO) communication satellites. With a satellite-based network, Spacecoin aims to deliver high-speed, decentralized internet access to remote and underserved regions globally. Using Creditcoin’s Layer 1 infrastructure, Spacecoin will manage satellite operations for governance, payments, and resource allocation on-chain.
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