SpaceChain launched Velas blockchain node into space

The next step for the company is to install a node on the ISS

14.01.2022 - 13:05

466

2 min

What’s new? SpaceChain, a Singapore-based company, tweeted about the successful launch of a satellite with the Velas blockchain node into space. On January 13, 2022, Elon Musk's company, SpaceX launched a Falcon9 rocket into orbit as part of the third mission under the Smallsat Rideshare program, which included the 105 other satellites.

#SpaceChain has launched @VelasBlockchain node into #space. Our payload was installed on a @SpireGlobal satellite and transported via @SpaceX Falcon 9 rocket. #Velas node supports on-orbit @ethereum transaction and minting of ERC-721 standard #NFTRead: https://t.co/GsJripRYji— SpaceChain (@SpaceChain) January 13, 2022

Why did Velas launch a space node? The Velas network is a fork of Solana. The new hardware will allow the company to continue developing and deploying its blockchain platform. SpaceChain stated:

“The space node created for Velas will also provide highly secure in-orbit services for transactions sent and received from Earth, as well as the issuance and distribution of VRC-20 and VRC-721 (NFT) tokens.”

Velas has become the third blockchain to send its hardware into space.

What are SpaceChain and Velas' further development plans? In the course of future cooperation, the companies plan to further expand the “space” blockchains program. The next stage will be the installation of equipment on the ISS. Farhad Shagulyamov, CEO of Velas Network, noted: