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SpaceChain signed the first BTC transaction from space

August 19, 2020

According to an announcement made August 18 SpaceChain successfully demonstrated the first use of blockchain hardware on the International Space Station (ISS). This amazing achievement was possible Thanks to a collaboration with the European Space Agency, which appears to have provided funding, equipment and general support for the project.

The transaction was carried out by SpaceChain’s co-founder and CTO. Jeff Garzik, The successful signing of this BTC transaction marks progress towards SpaceChain’s goal of developing a secure, open source and immutable satellite blockchain network.

To make this possible, A ground station transmitted encrypted data to the ISS, where the hardware wallet signed the transaction with the private key. SpaceChain experiments try to ensure this a permanent connection between blockchain hardware in space and related infrastructure on earth.

SpaceChain signed the first BTC transaction from spaceSpaceChain signed the first BTC transaction from space

As Cointelegraph previously reported, SpaceChain delivered its hardware wallet technology to the ISS in late 2019 with a SpaceX Falcon 9 rocket.

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