Spacecoin to Launch First Decentralized Internet Satellite in December
Spacecoin, a decentralized physical infrastructure network, will launch its first satellite, CTC-0, on December 21 as part of a SpaceX rideshare mission. The satellite will be launched aboard a Falcon 9 rocket from the Vanderberg Space Force Base and will be used to provide internet access to underserved areas of the globe.
The launch is the first step in Spacecoin’s plan to bring decentralized internet access to emerging markets. The company will conduct a pilot test with partners in Africa and South Asia, followed by more satellite launches and pilot tests in 2025. Spacecoin aims to launch its services in Q4 2025.
The service will use direct-to-cell coverage technology, connecting directly with users’ phones and bypassing the need for ground infrastructure. It will be managed by Spacecoin’s blockchain-powered Spacechain protocol, keeping the service decentralized. The firm estimates low monthly costs for operating the service, around $1 to $2 per user in emerging markets.
Spacecoin’s internet service will be compliant with 3GPP industry standards and will use open source architecture. The company’s token, Creditcoin, was trading at around $1.6 on Thursday, up 139% so far in 2024, with a market capitalization of about $644 million.
The launch comes as Elon Musk’s Starlink, currently the biggest provider of satellite internet services, recently received clearance from the Federal Communications Commission to provide T-Mobile customers with direct-to-phone services.
