Spacecoin prepares to disrupt the internet with satellite launch

In the United States on December 5, 2024, Spacecoin announced its first satellite launch, named CTC-0, scheduled for December 21, 2024. This satellite aims to provide decentralized high-speed internet access using Low Earth Orbit communication technology, targeting remote and underserved regions globally. The initiative is part of a broader effort to bridge the digital divide affecting nearly 37% of the global population that currently lacks internet connectivity. Spacecoin's project is distinguished by its direct-to-cell coverage approach using 5G Non-Terrestrial Networks (NTN), which will help eliminate the need for traditional ground infrastructure like fiber-optic cables and cellphone towers. By leveraging blockchain technology, the company expects to significantly reduce operational costs, projecting monthly fees of only $1 to $2 per user in emerging markets. Furthermore, Spacecoin has teamed up with Creditcoin, Sui, and Walrus to enhance its offering. Together, they aim to create a decentralized finance ecosystem that addresses both internet access and financial services, particularly in regions with limited service. This collaboration represents a significant advancement in using satellite technology for broad-based connectivity and financial solutions. With the upcoming launch, Spacecoin envisions creating a truly decentralized internet service where users retain control without interference from centralized authorities. By opening up their technology stack to collaboration, they aspire to foster innovation and participation in delivering universal connectivity. This development highlights the growing importance of satellite-based internet infrastructure as a viable means to surmount connectivity challenges faced globally.