Qtum And SpaceChain Launches World’s First Blockchain Satellite Into Space

Qtum in partnership with SpaceChain, has launched a satellite into space. A blockchain project, Qtum is centered around Decentralized Applications (DApps) that declared its palns to launch the “first ever space-based blockchain node” on Twitter on February 2.

Singapore-based SpaceChain is a crowdfunded space agency that is currently assembling an open source satellite system. The satellite was conveyed by the rocket CZ-2D at around 3:51 local time Jiuquan Satellite Launch Center, that is situated in the Gobi desert, China. The satellite is furnished with a Raspberry Pi hardware development board that fundamentally runs a full-node program on Qtum blockchain. This will give unique benefits to the clients of Qtum blockchain.

Discussing about the satellite, Zheng Zuo, the CEO of SpaceChain shared his excitement:

“The launch is a momentous step forward towards creating an open-source problem-solving model that optimizes collective intelligence. We aim to revolutionize the space industry by enabling better utilization of space, accelerating discovery and enhancing access to new technologies across the industry.”

The team declared the mission updates as follows:

On February 3, at 00:52, the ground station got a telemetry signal and at 02:24, a fruitful command control was affirmed as the satellite received a reply. Also, the antenna with working battery and the solar panel was effectively deployed.

The team declared that the altitude of the satellite was steady as on February 4. This was trailed by the testing update of satellite framework and platform being normal and complete on February 6.

As on February 8, with the satellite passing the ground, test command was uploaded and blockchain payload began workings. An arbitrary number seed was returned by the blockchain payload that was calculated by random parameters, based on which a smart contract was effectively executed. Also, from this day, the first space blockchain node began working normally.

On the launch, SpaceChian tweeted a video with the words

“SpaceChain satellite and running Qtum full node.”

According to Tim Draper, an investor and advisor in SpaceChain:

“SpaceChain’s foray into space will successfully create a decentralized environment that facilitates advances and collaborations at a fraction of the cost typically associated with the industry.”

This Qtum’s satellite-enabled blockchain technology will permit the Qtum wallet holders to mine Qtum tokens on their smartphones. Despite the fact that Qtum blockchain is as of now more steady as it depends on two major platforms, bitcoin and ethereum, the protected consensus will additionally enhance the steadiness and cybersecurity.

Joining forces with SpaceChain, the qtum’s satellite enabled blockchain based information storage in space will additionally help in wiping out the issues with government regulation.


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