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Ethereum & Space


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ETHEREUM TO THE MOON... kind of!


I am not sponsored by anyone or anything mentioned in this article. 
This is not financial advice.  I am not a financial advisor.
Please do your own research before making any decisions before investing. 
This article is meant for educational purposes only.

Next Thursday, June 3, 2021, will be the first time that an Ethereum node has entered space.

This space mission scheduled by SpaceX will onboard an Ethereum node for the International Space Station (ISS).  This makes history, as it is the first time that any device connected to Ethereum has arrived in space.  This information comes to us after a press release by SpaceChain, an open and neutral infrastructure for the New Space Economy by integrating space and blockchain technologies.  SpaceChain's vision is to remove barriers and allow a global community to access and collaborate in space.

According to SpaceChain, "This will be the fourth launch of SpaceChain's blockchain payload in space and the first demonstration of the integration of Ethereum technology into its hardware on the ISS.  The mission is made possible thanks to Nanoracks and its Space Act agreement with NASA.".  This is also made possible by the company securing a contract for the services of SpaceX, launching the project into space and towards the ISS.  SpaceChain stated that the security of space installations will be essential to keep a node of the Ethereum network secure from centralized terrestrial serves.  A company called Nexus Inc., a customer of SpaceChain, will be utilizing this solution with the ability to work with transactions sent and received over an encrypted communication network.  The company's customers will have access to this solution as well.

 

Earth & blockchain - SpaceQ

The integration of crypto and space doesn't stop here either.  On June 24, 2021, another SpaceX mission will take the nodes of three companies into space:  Biteeu, Divine, and Nexus Inc..  They will be installed on a YAM-2 satellite carried by a SpaceX Falcon 9 rocket under the rideshare program operated by Loft Orbital.  The Biteeu and Divine nodes will be operated and managed by Eurasian Space Ventures (ESV) located in Kazakhstan.  ESV aims to serve as an international center for space projects and related organizations that seek to capitalize on space infrastructure in the country.

This mission will also install a third Bitcoin satellite node for the Nexus platform.  SpaceChain added, "With this, you will be able to use Bitcoin and Ethereum blockchains for your portfolio of services, such as asset custody, offer a suite of e-commerce, and data security products.".  The combination of crypto technology and space is enough to grab anyone's attention, crypto enthusiast or not.  The more that blockchains are utilized, the more advancements in technology will need to take place.

Finally... we are going to space... and it's not a shitcoin!

 

What do you think about blockchain technology in space?
Let us know in the comments down below!

 

Thanks so much for reading! 
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Gongo
Gongo

I like to write about anything crypto! If you are also on Hive/LeoFinance, give my page a follow at leofinance.io/@cryptosota!


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