The Spacecoin project is launching the world’s first decentralized physical infrastructure network (DePIN), using nanosatellites to provide high-speed internet access in remote regions. This aims to bridge the digital divide and bring global network access to 2.9 billion people. The project is built on the Creditcoin blockchain and is collaborating with Sui.
A network of nanosatellites in low Earth orbit will provide decentralized internet connectivity. They will utilize a 5G network (5GNTN), enabling users to connect to the internet directly from their mobile devices.
Since Spacecoin isn’t reliant on expensive ground infrastructure, the internet will work even in hard-to-reach areas where traditional telecommunications infrastructure fails. The cost of services is planned to be around $1–2 per month, making it affordable for emerging markets.
Spacecoin’s first satellite will be launched on December 21st via a SpaceX Falcon 9 rocket, and the second is set for early 2025.
Due to the high cost, today’s network infrastructure is centralized, explained Creditcoin founder Te O. Most telecommunications companies control their networks and do not share them for commercial reasons. This centralization also allows governments to censor access to information. Spacecoin aims to solve this problem using space satellites.
As explained by Spacecoin’s CTO Scott Hasbrouck, these satellites are small—about the size of a microwave—and inexpensive.
“They’re so cheap that they can be disposed of,” noted Hasbrouck.
These satellites are expected to operate for 3-5 years, after which they will burn up in the atmosphere. As part of the Spacecoin project, blockchain is integrated for secure data transmission management, and users will pay for services in cryptocurrency. The use of smart contracts will provide a high level of transparency and security.
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