SpaceChain (SPC) - cryptocurrency with nodes on satellites

If you are concerned that the cryptocurrencies that can be accessed via a computer network are not secure enough, despite blockchain technology, based on state-of-the-art cryptography, you can choose to invest in SpaceChain (SPC). This is the first network and cryptocurrency to decide that its Proof of Stake nodes will be… in orbit satellites. In the last 12 months, the SPC token went up by 4 658,69%.

We continue the cycle of the Forex Club portal, in which we analyze and describe the largest, highest-valued, most interesting, most developmental, advanced and also the most controversial cryptocurrency projects around the world. Today it's time for SpaceChain, that is a network connecting blockchain with space technology. And it is not a metaphor at all.

The space plans of the SpaceChain project

Creating a platform that will operate in blockchain technology does not impress anyone much anymore. Thousands of them have already been created and there are more and more programmers who not only understand it, but also improve it. It's getting harder and harder to stand out in this market, but SpaceChain will have no problem with that. 

Nodes of this network, operating on the basis of a consensus algorithm Proof of Stake, they will not be on servers like all of them, but in satellites placed in Earth's orbit. And these are not just boasts, because the first of them started already in 2018, and ultimately they are to be 72 satellites. They will be responsible for processing transmissions and transmitting them to the ground. 

However, this is not only a catchy advertising "gadget", but a real advantage over competitors in terms of functionality. Access to the network will be possible all over the world, even in the middle of the ocean. It is also difficult (at least for now) to imagine a better decentralization guaranteeing security. It will be independent of power failures, earthquakes, fires, floods or other disasters. 

SpaceChain also provides sandbox technology, which is essential for developers to test and deploy applications in space. It also works with the network Qtum, which allows you to create integrated smart contracts.

Advantages and disadvantages of the SpaceChain project

Without a doubt, the SpaceChain project is one of the most visionary on the blockchain market. Moreover, it is part of the cosmic fashion that is yet to come. And with it the needs it will respond to.

Jeff Garzik, creator of SpaceChain.

The creator and main manager of the project is Jeff Garzik, one of the first Bitcoin Core developers to have collaborated with Satoshi Nakamoto during the first months of development Bitcoin. He is an outstanding programmer, creator of, among others code Linux Kernel. He is supported by Tim Draper, a famous investor and billionaire, head of Venture Capital. To say about him that he has a nose for investing in future projects is saying nothing. He earned money on projects such as e-mail technology, Skype, SpaceX, Tesla and many more before they became more widely known.

The system is already used by transport companies, and it is also one of the registered partners of Elon Muska Specexwhich I don't think needs to be presented to anyone. The collaboration with NanoRackswhich has already delivered hundreds of loads to the International Space Station.

The downside, though only from the investors' point of view, is that SpeceChain is closer to a non-profit organization, who wants to change the world for the betterrather than a corporation focused on multiplying its wealth as quickly as possible.

SpaceChain cryptocurrency quotes

Currently, SpeceChain (SPC) tokens can be traded on six Cryptocurrency exchanges from around the world. It is on the market 514 923 520 from target 999 000 002 units. As of April 22, 2021, each of them is valued at USD 0,05, which translates into a capitalization of over USD 26 million. In the last 12 months SPC went up by 4%, but is still far from the top of the list on January 17, 2018, when each token was paid $ 0,46.