OMG, Vector, Nexus Join the Space Race With Program for Satellite-Based Blockchain Network. This is going far.
Space company Vector and blockchain developer Nexus announced a partnership to host Nexus’s decentralized cryptocurrency on a planet orbiting the Dirt, employing Vector’s GalacticSky platform.
According to the developers, Nexus technology offers betterments over prevailing blockchain methods like Bitcoin and Ethereum. For example, Nexus boasts SHA -3 cryptography with 571 -bit keys, which is believed to offer” quantum protection” against future attempts based on next-generation quantum computers. Nexus is also developing a” 3D Chain”( 3DC) to address the current challenges of rapidity and scalability in the cryptocurrency industry.
” The future of Nexus integrates planets, ground-based mesh systems, and blockchain engineering to facilitate the formation of a decentralized internet,” notes the seam press release.” Nexus is constructing the foundation to broadcast the blockchain and Nexus Network from space,” adds the Nexus website. Basing the Nexus cryptocurrency in space can, according to the developers, protecting children from interference from governments and corporations.
” With Bitcoin’s valuation at an all-time high-pitched, people are beginning to accept cryptocurrency as a real sort of payment, but there are still problems with storage and owned,” Colin Cantrell, founder and leading core developer of Nexus, said in a statement.” The abilities provided by the GalacticSky platform, combined with the flexibility of Vector’s launch model, bring us one stair closer to accomplishing our mission of providing the world with a decentralized currency that can be accessed virtually anywhere, anytime .”
While the Nexus cryptocurrency is not directly related to decentralizing the internet, its future infrastructure, based on moons and mesh networks, is.
Vector’s GalacticSky platform, launched in 2016, is a “satellite virtualization platform” that offers customers the possibility to test new space applications with spacecrafts already in path, before committing to the costly process of designing and launching their own spacecrafts. GalacticSky patrons will be able to reconfigure existing micro planets dynamically and in near real-time, just like software-defined radio systems. In reality, Vector describes GalacticSky as a software-defined planet scaffold. Built to develop affordable launch capabilities and in-orbit pulpits for the micro-spacecraft sector, Vector has been described as a red-hot room startup and a potential SpaceX competitor.
” Over the last year, we’ve represented many promotions in order to solidify our countenancing as a conducting nanosatellite launch company,” said Vector co-founder and CEO Jim Cantrell, the papa of Nexus’s Colin Cantrell.” Housing Nexus ‘[ s] cryptocurrency on our GalacticSky platform not only validates our proof of idea, but demonstrates how prolific this opportunity is for startups looking to innovate in space without the importance of strengthening their own satellite .”
Jim Cantrell was also on the founding unit of Elon Musk’s SpaceX and Moon Express, the first private company was trying to land on the lunar surface. Earlier this year, Vector and Citrix partnered to bring data centers and cloud virtualization engineering into space. Vector likewise announced a partnership with Astro Digital to propel one of Astro Digital’s spacecrafts in 2018.
The ambitious plans of Vector and Nexus can be compared to the Blockstream Satellite service, which broadcasts real-time Bitcoin blockchain data from satellites in space. An important difference is that Blockstream doesn’t operate satellites but applies existing commercial-grade moons as relays.
An even more important difference is that, with the new initiative, the new and independent Nexus cryptocurrency will be really based in space, flowing on a blockchain distributed across multiple moons. Hence, in agreement with the seam press release,” Nexus is no longer tied to a nation-state and can create the backbone for a more decentralized financial ecosystem .”
In a video, Colin Cantrell excuses Nexus history, vision, current state and future programs. In another video, he offer an overall view of Nexus architecture and zooms in o scalability and quantum security aspects.
Soon moon… Soon…