First transaction Blockchain completed in space on Qtum Network

After discovering the first fully operational node of the blockchain Qtum (QTUM) last October, SpaceChain, a space agency, which built the world's first open source blockchain satellite network, revealed that the first space-based blockchain transaction it has been completed .

The node connected to the SpaceChain intelligent operating system performs blockchain-related functions on the Qtum blockchain technology (QTUM). In addition, SpaceChain's first space blockchain transaction was completed on the Qtum network.

SpaceChain, which focuses on decentralization, revealed that the project team has worked devoutly since October. SpaceChain also revealed that the official launch in October marked its second blockchain node in space and the team performed a series of connectivity tests to ensure maximum node operational capability.

Eventually the test resulted in a node signal after which the node was completed by loading the transaction data. Finally, the data was re-downloaded and verified on the Qtum blockchain network. In its announcement, SpaceChain provided a link to verify transaction information.

SpaceChain co-founder Jeff Garzik explained that the multi-signature cold wallet service offered by SpaceChain is definitely a solution for the blockchain industry.

Garzik stressed:
"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 for space security models. "

Last February, SpaceChain successfully delivered its first blockchain node in the orbit, before the launch took place at the "Taiyuan Satellite Launch Center in the Chinese city of Xinzhou".

A blockchain software and a hardware card for Raspberry Pi have reinforced the first node. While the October launch is still the first fully operational blockchain node on space, the functionality of the former was restricted and the node was offline.

SpaceChain said it has commissioned Beijing Xihua Science and Technology Co. Ltd. and Tibet Zezheng Information Technology Co. Ltd. a provider of transportation and launch services, to facilitate the launch.

As for the launch of the nodes, Jeff Garzik, who is also the CTO (Chief Technology Officer) of SpaceChain, declared

"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. "