Delaware, USA, December 5, 2024 — Spacecoin has announced the upcoming launch of its first satellite, CTC-0, scheduled for December 21, 2024. The satellite, set to launch aboard SpaceX’s Falcon 9 rocket from Vanderberg Space Force Base, marks the initial phase of Spacecoin’s ambitious mission to create a decentralized space-based internet service provider.
The initiative aims to address the digital divide, where approximately 37% of the global population lacks internet connectivity. By leveraging blockchain and satellite technologies, Spacecoin seeks to deliver affordable, direct-to-mobile internet access to underserved regions worldwide, especially in emerging markets.
Bridging the Digital Divide
Spacecoin Founder Tae Oh emphasized the transformative potential of universal internet access. “The Internet is one of the most crucial modern inventions, yet billions remain disconnected. This launch is the first step toward universal access,” Oh said.
The CTC-0 satellite will serve as the foundation of a decentralized network powered by the Spacechain protocol, ensuring user control and resisting censorship by centralized authorities or governments.
Key Features of Spacecoin’s Approach
Spacecoin’s infrastructure incorporates several innovative features:
Direct-to-Cell Connectivity: Using 5G non-terrestrial network (NTN) technology, the system eliminates the need for ground-based infrastructure such as fiber-optic cables or cell towers.Blockchain Integration: The decentralized Spacechain protocol ensures the network remains user-controlled and resistant to external manipulation.Cost-Effectiveness: With streamlined operational costs, Spacecoin projects monthly internet costs as low as $1-2 per user in emerging markets.Compatibility: The network adheres to 3GPP standards, allowing seamless use with existing 5G NTN-compatible devices, including those from major manufacturers like Apple and Samsung.Open-Source Innovation: By open-sourcing its technology stack, Spacecoin encourages collaboration and further innovation in satellite-based internet infrastructure.
Stuart Gardner, CEO of Spacecoin, highlighted the strategic benefits of satellite technology in addressing connectivity challenges. “Satellite-based internet infrastructure can easily reach remote areas where ground systems fall short. By leveraging Low Earth Orbit satellites and blockchain, we aim to deliver reliable, affordable internet access globally,” Gardner said.
6/6 Read our full vision for a connected future with the official Spacecoin whitepaper: https://t.co/yLp6Z1Tx63
And so we begin. 🌎✨— Tae Oh 🐧 (@taelimoh) December 3, 2024
A Decentralized Vision for the Future
The satellite will operate as part of Spacecoin’s Decentralized Physical Infrastructure Network (DePIN), a project that integrates blockchain with satellite communication. The network uses Creditcoin’s Layer 1 infrastructure to manage governance, payments, and resource allocation.
Spacecoin’s long-term vision includes creating a scalable satellite-based network capable of supporting billions of users, ensuring affordable internet access remains a reality for underserved communities worldwide.
About Spacecoin
Spacecoin is the world’s first DePIN project to leverage blockchain and Low Earth Orbit satellites for decentralized internet services. Focused on delivering affordable, high-speed internet to underserved regions, Spacecoin combines cutting-edge satellite technology with blockchain innovation to create a resilient, censorship-resistant network.
