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Author Topic: The First Ethereum Node Launched into Space  (Read 7 times)

robertsmark

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The First Ethereum Node Launched into Space
« on: June 11, 2021, 12:14:12 PM »
The project is being carried out as part of a collaboration with SpaceChain, a platform dedicated to bringing blockchain technology into space. In a blog post published on Friday, SpaceChain announced that an Ethereum node had launched a SpaceX Falcon 9 rocket.

SpaceChain co-founder and CEO Zee Zhang expressed his excitement at the prospect of sending the Ethereum platform to space and demonstrating why a decentralized satellite infrastructure built with space technology is critical to realize the full potential of blockchain applications.

Nexus, an Australian digital asset management firm, will have immediate access to the node once it is attached to the International Space Station. For web-native customers, the financial business provides blockchain and Internet of Things solutions.

Ethereum Node

Its node in space further shows the immutability of Ethereum’s network. Blockchain nodes are utilized to verify transactions. The network gets substantially more difficult to attack as they get more spread. Nexus and other SpaceChain customers in the future will be able to utilize these nodes to increase the security of their digital assets. This space node may serve as a safe backup, thanks to SpaceChain’s custody solutions.

According to Zhang, Ethereum’s innovative contract platform operating in space can reinforce blockchain apps and transactions with increased security and immutability. Running Ethereum in space is a solid indicator of blockchain technology’s growing decentralization, critical to the technology’s objective of delivering an immutable, censorship-resistant network.

The package also contains a bunch of baby bobtail squid for scientific study, in addition to the Ethereum node.

Source: https://mycryptoparadise.com/spacex-and-ethereum-node-launch-flight-to-iss/

 

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