Developer: Space blockchain sounds like a complete nonsense
“A number of companies are planing to use satellites to create blockchain nodes, but it makes little sense,” claims the developer of SatoshiFund Andrey Sobol inhis comment for LetKnow.News.
Developers claim that satellite nodes are much safer than their "terrestrial" counterparts. After all, data is transmitted directly to the satellite, and their
exchange can occur even without access to the Internet. Allegedly, thanks to that fact, the risks of hacking are going to zero. However, not everyone shares that enthusiasm.
“So far, it all sounded like a complete nonsense, especially the “space
blockchain” Sobol says.
According to him, the technology has not even “allocated itself” on the home planet, so there is no sense in such an innovation.
The possibility of using space in the blockchain area has been discussed for a long time. Disputes on this subject broke out with renewed vigour last week when the European Space Agency allocated a grant of € 60,000 to SpaceChain, a blockchain startup, to explore the possibilities of creating a satellite-based blockchain wallet system.
In general, there are quite a few "space" plans in the industry. For example, in Earth’s orbit, they are going to create a network of servers for storing and processing data. Cloud Constellation received $ 100 million for a Los Angeles-based startup initiative.
In addition, the Singapore-based SpaceChain company, which is creating the "world's first open blockchain satellite network for developing and launching decentralised applications in space", deployed the Qtum blockchain in orbit.