Home / Coin Payment / Completed transaction First Block Qtum (QTUM) Blockchain, courtesy of SpaceChain

Completed transaction First Block Qtum (QTUM) Blockchain, courtesy of SpaceChain

After the launch of the first blocktat Qtum (QTUM) node to fully functional space in October 2018, SpaceChain, a decentralized space agency that developed the world's first blockchain-based satellite network, announced the completion of the first space based on the blockchain transaction space.

While the node repaired with SpaceChain's smart operating system performs blockchain blockchain Qtum (QTUM) technology, the first spatial blockchain transaction obtained from SpaceChain was performed on the Qtum network.

SpaceChain noted that since the October launch, which marked its second blockchain node in space, the team behind the project has worked fervently, performing a series of connectivity tests to confirm a full running operational node.

The test eventually led to a signal from the node and the transaction data was uploaded to the node to complete the node. The data were finally verified on the blocktat Qtum network after being downloaded through the ground station.

SpaceChain, in the ad provided a link to the transaction verification information.

The cofounder of SpaceChain, Jeff Garzik, in his statement reported that SpaceChain's multi-signature cold wallet service is definitely a solution for the blockchain industry.

"This multi-signature cold wallet service – an application developed by SpaceChain engineers to test the space node – shows evidence of technology being a potential IT security solution for the blockchain industry." SpaceChain has implemented and tested the space-based multi signature transaction that opens up new possibilities in space security models, "Garzik noted.

Before the October launch at the Taiyuan satellite launch center in the Chinese city of Xinzhou, SpaceChain released its first blockchain node in February 2018. The first node was reinforced with a Raspberry Pi hardware card and blockchain software.

While the October launch remains the first fully functioning space blockchain node, the former had limited functionality and the node was offline.

SpaceChain added that it commissioned Tibet Zezheng Information Technology Co. Ltd. and Beijing Xihua Science and Technology Co. Ltd., a transport and launch service provider to facilitate the launch.

Jeff Garzik, who is also the technology manager of SpaceChain, in another statement said:

"It often takes months and years to build the system and to start the hardware in the space as it is necessary to ensure the opportunity to launch, obtain permits, obtain the frequency and make sure that there is support from the ground station. We are proud to have launched two nodes in our first year of business, taking us one step closer to creating a network of blockchain-based satellites in space. "

Lawal Khalid Abiola Author

Lawal Khalid Abiola is a creative writer, entrepreneur and lover of innovation. He collaborates with platforms such as ThriveGlobal and also with an editor of PRKnot, a public relations company at its limit.
Lawal Khalid Abiola is a passionate lover of Cryptocurrency.

Source link