A Glance at the Significance of Launching Blockchain Nodes in Space

Since the inception of cryptocurrencies, security has been a major issue for the crypto community. There have been many attempts to ensure the security of cryptocurrencies and its users and taking blockchain nodes to space might be a game-changer. Launching blockchain nodes in space provides an untouchable data center in space with a higher level of security because the data center cannot be accessed on Earth. Early this year, SpaceChain managed to successfully launch the mission of its blockchain-enabled payload into space onboard a SpaceX Falcon 9 rocket. The payload was incorporated with the space node created for Velas Network AG. It was installed onto a satellite that also managed the launch mission. It became a stepping stone for SpaceChain towards their goal of having a decentralized network of blockchain nodes. The nodes will operate from satellites in orbit while serving fintech and business applications. What are Blockchain Nodes? BlockchaiN, a distributed ledger technology (DLT), allows data to be stored globally on thousands of servers. It allows any network user to see all the entries that appear at any time, which makes it nearly impossible to gain control of the network. A blockchain node is the communication endpoint, which allows any user or application that wants to interact with the blockchain to do so through nodes. Although nodes are also a point of communication redistribution, it’s important to note that...