ChainCatcher news, the DePIN project Spacecoin announced on X that the first satellite CTC-0 will be launched on December 21, 2024.According to RootData, Spacecoin is a decentralized physical infrastructure network (DePIN) powered by a blockchain-supported LEO nanosatellite constellation, aimed at becoming a standard open protocol for trustless internet connectivity on a global scale. Spacecoin plans to utilize blockchain technology to securely manage data transmission, with users paying network fees in cryptocurrency.

ChainCatcher news, according to Decrypt, the DePIN project Spacecoin plans to provide high-speed internet services to underdeveloped areas by launching nanosatellites. The project has the support of U.S. military generals, lunar scientists, NASA astronauts, and blockchain industry experts.Spacecoin will utilize blockchain technology to manage data transmission, allowing users to pay network fees with cryptocurrency. The first satellite, CTC-0, is expected to be launched in the fourth quarter of 2024, aiming to establish a global 5G network at a lower cost to help bridge the digital divide.

ChainCatcher news, according to The Block, the crypto satellite company Cryptosat announced the launch of its second crypto satellite, Crypto2, with the help of SpaceX. Crypto2 is a small satellite about the size of a cup, operating in low Earth orbit, with a computation speed 30 times faster than the company's first satellite, Crypto1, which was launched last May.ChainCatcher previously reported that Cryptosat aims to provide a physically inaccessible and tamper-proof platform in space, from which blockchain and ledger applications can be launched. In October last year, Cryptosat completed a $3 million seed funding round, led by its co-founders Yonatan Winetraub and Yan Michalevsky, with participation from Protocol Labs, Inflection, GoAhead Ventures, DoraHacks, and others. (source link)

ChainCatcher news, according to financefeeds, the crypto satellite company Cryptosat has announced the completion of a $3 million seed round financing, led by its co-founders Yonatan Winetraub and Yan Michalevsky, with participation from Protocol Labs, Inflection, GoAhead Ventures, DoraHacks, and others.In May of this year, SpaceX launched the first crypto satellite developed by Cryptosat into low Earth orbit. This satellite, named "Crypto1," is a coffee cup-sized module that provides a physically inaccessible and tamper-proof platform in space, from which blockchain and ledger applications can be launched. It is reported that the participating party Protocol Labs will also collaborate with Cryptosat to test time-based cryptographic technologies, such as space-hosted verifiable delay functions (VDF), among others. (Source link)

Chain Catcher news, the decentralized communication platform Satellite IM has announced the launch of the initial version of its desktop application, allowing people to quickly and efficiently send messages, video chat, and share large files while controlling their own data. The application utilizes the InterPlanetary File System (IPFS) for decentralized file pinning and storage, and will support 4K video chatting and streaming, lossless audio, and 4GB file sharing capabilities.At the same time, Satellite IM will open source the application’s code to attract developers who wish to customize and continuously improve features in the new Web3 space.According to previous reports, Satellite IM is a decentralized communication platform that enables peer-to-peer private messaging. It completed a $10.5 million seed round financing in early August, led by Framework and Multicoin. In the future, the Satellite platform will add features such as multi-person 4K video chatting, community servers, and marketplaces. (Source link)