The mission validates the high personalization of blockchain-enabled space nodes and the feasibility of performing high-speed processing in space
CAPE CANAVERAL, Florida., November 26, 2022 /PRNewswire/ — SpaceChain today announced the successful launch of its second Ethereum The payload virtual machine (EVM) in space aboard a SpaceX Falcon 9 rocket, which is en route to the International Space Station (ISS) for installation via the SpaceX Dragon 2 spacecraft. The mission marks the seventh successful launch of SpaceChain’s blockchain payload into space, and the second integration of its payload with Velasthe world’s fastest EVM blockchain and open source platform for decentralized applications.
Once installed and tested on the ISS via Nano racksthe space node will be able to process the Velas blockchain on the ISS and send Velas digital assets from space, such as VLX, tokens and NFTs, in addition to performing comprehensive high-speed transaction services on the Velas platform, including the deployment of smart contracts and minting.
Today’s mission not only reaffirms SpaceChain’s commitment to empowering blockchain companies to harness space as a platform for business innovation, and the deep customization of space nodes enabled by blockchain to meet various industry needs, but also validates the possibility and feasibility of performing high-speed blockchain. in-space processing, and serves as a successful science demonstration of SpaceChain’s highly integrative space-as-a-service solutions with EVM-enabled blockchain technology.
“As the world’s most progressive companies take their businesses to space, they will need decentralized, high-speed infrastructure to meet the demands and growth fueled by protocols and financial applications,” said Cliff Beek, CEO of SpaceChain. “Our collaboration with Velas will help lay the foundation for high-speed, ultra-secure blockchain processing and transactions in space, which we believe will become increasingly crucial for those looking to harness technologies. for a competitive advantage in Earth’s burgeoning space economy.”
“It is a historic step for Velas to have our Integrated Space Node tested on the ISS via SpaceChain. We are excited to see this vision come to fruition, which took several months of planning and coordination with stakeholders across the space industry,” said Farkhad Shagulyamov, co-founder and CEO of Velas. “We look forward to strengthening our collaborative effort with SpaceChain to create innovative solutions and near-term business use cases.”
Velas is the fastest EVM blockchain capable of handling over 50,000 transactions per second (TPS) with an innovative hybrid consensus of Delegated Proof-of-Stake (DPoS) and Proof-of-History (PoH).
The collaboration between SpaceChain and Velas is poised to improve consensus mechanisms in blockchain and help generate use cases for space blockchain and decentralized infrastructure outside of financial services and cryptocurrencies. currencies.
Founded in late 2017, SpaceChain created the first satellite-based platform to provide secure custody, transact digital assets, deploy smart contracts, and facilitate decentralized financial infrastructure (“FDI”) on space nodes. SpaceChain aims to bring advanced security and global access, integrating software-defined payloads to advance in-orbit blockchain applications. SpaceChain currently has a network of nodes operating on satellites and aboard the International Space Station (ISS). SpaceChain has demonstrated commercial and deployment success in delivering space missions and is now poised to capture high growth and high value. For more information, visit www.spacechain.com.
SOURCE space warp