Spacecoin beams blockchain transaction through space in bid for decentralized internet

Spacecoin recently demonstrated the successful transmission of encrypted blockchain data via its first prototype satellite, CTC-0, launched in December 2024 on a SpaceX Falcon 9 rideshare. This proof-of-concept involved beaming secured cryptographic signatures and encrypted data from Chile to Portugal, validating the satellite’s capability to execute encrypted transactions in orbit. Founder Tae Oh emphasized that this milestone is critical for building a decentralized network of communication satellites and enabling permissionless connectivity. Following CTC-0, Spacecoin plans to launch progressively larger satellites (CTC-1 series) to enhance network performance. Unlike existing satellite broadband providers such as SpaceX’s Starlink and Amazon’s Kuiper, which operate managed networks, Spacecoin aims to create a decentralized internet infrastructure based on “tokenized access.” Their upcoming network, called Starmesh, promises encrypted internet traffic that supports safe, untraceable browsing and access to decentralized web services. The system will operate on the Creditcoin blockchain, allowing users to pay