Spacecoin Achieves Milestone in Decentralized Space Communications
Spacecoin has announced a significant breakthrough in its mission to establish a decentralized communications infrastructure that could potentially compete with established satellite internet providers. The company confirmed the successful transmission of secured data through its inaugural demonstration satellite, marking a crucial validation of orbital encrypted transaction capabilities.
Groundbreaking Blockchain Transaction Through Space
The company conducted a proof-of-concept blockchain transaction that traveled from Chile to Portugal via space, demonstrating the viability of transmitting cryptographic signatures and encrypted data through orbital pathways. This achievement represents a fundamental step toward building a decentralized network of communications satellites.
“Can we send cryptographic signatures to space intact? Without it, we cannot build a decentralized network of communications satellites and fulfill the vision of building permissionless connectivity,” explained Spacecoin founder Tae Oh in a public statement. “That was the main mission of CTC-0, that we launched December 2024 with SpaceX. And today, I’m glad to share that CTC-0 fulfilled its purpose.”
Satellite Development Roadmap
The CTC-0 satellite, constructed by Endurosat and launched aboard a Falcon 9 rideshare mission in December 2024, serves as the first in a series of planned prototypes. Spacecoin’s development strategy includes:
- CTC-0: Initial demonstration satellite successfully validating core technology
- CTC-1: Three slightly larger satellites scheduled for upcoming launches
- Future spacecraft: Progressively larger designs to enhance network performance
Competitive Landscape and Differentiation
This technological demonstration occurs as SpaceX’s Starlink continues to dominate the satellite broadband market with over 8,000 satellites in orbit and millions of global subscribers. Other competitors, including Amazon’s Kuiper project, are also establishing their positions in the emerging space internet sector.
However, Spacecoin distinguishes itself through its decentralized approach and “tokenized access” model. The company plans to deploy “Starmesh,” an encrypted internet traffic network designed to preserve internet freedom while enabling secure, untraceable browsing and access to decentralized web services.
Foundational Background and Technology
Founded in 2022 as a spin-off from Gluwa—a financial services company focusing on emerging markets—Spacecoin intends to operate its internet infrastructure on the Creditcoin blockchain. This architecture would enable customers to pay for internet services and conduct financial transactions through the same platform.
The company emphasizes that “unlike terrestrial networks, which remain vulnerable to outages, censorship, and cost barriers, a decentralized satellite-based system can deliver internet access that is global, censorship-resistant, and independent of monopolies.”
As reported by industry monitoring services, this development represents a significant step forward in the pursuit of decentralized space-based communications infrastructure that could reshape global internet accessibility.