PANews reported on November 1 that according to Cointelegraph, encrypted satellite startup Spacecoin XYZ has proposed a new method for launching an extraterrestrial blockchain network, which can realize the future "space economy" and even outlast human existence when the end of the world occurs. In the blue paper on November 1, Spacecoin outlined a new method of launching a decentralized physical infrastructure network (DePIN) using a group of nanosatellites in outer space. Its co-founder Daniel Bar said this will lay the foundation for the future "native space economy."
Bar envisions a future where satellites and humans who will soon be in space can leverage blockchain networks as an interplanetary marketplace and application layer. He explains that humanity urgently needs to protect the integrity of blockchain technology and the privacy and security that comes with it, and cannot limit it to a single planet. Bar said that while it may seem like a lofty goal at the moment, the space economy needs to be planned and established immediately. So far, Spacecoin has launched three satellites for initial testing with its infrastructure partner Aptos Orbital. Spacecoin advocates a novel two-layer design consisting of a Layer1 network deployed in outer space and an Earth-based Layer2 state chain. The alien Layer1 is called the "celestial chain," while the Earth Layer2 is called the "non-celestial" network first layer.
