What is Low Orbit Crypto Cannon (LOCC) and Why Should You Care?

Source: NASA (not actual cubesat). Jeff Garzik, a core bitcoin developer, is looking to launch some small-sized satellites into orbit that will work as Bitcoin nodes, according to CoinDesk. These satellites (also known as cubesats), about 10cm wide on all of its sides, would effectively be launched with larger payloads, so as to not cost hundred of millions of dollars. So how much would it cost? According to Garzik, about $2 million. In orbit, the nodes would serve as additional nodes to the many that already exist on Earth. So it is worth it? Perhaps that's up to Garzik to decide. It's....

Can BitMEX and Bitcoin beat Elon Musk and Dogecoin to launch the first crypto asset into lunar orbit? A 21st-century space race appears to be brewing between Elon Musk and BitMEX, with both parties pledging to launch their respective crypto of choice to the literal moon first.On June 4, the popular crypto derivatives exchange BitMEX announced it would be supporting space robotics firm, Astrobotic Technology, in the company’s mission to send its first commercial lander to the moon during Q4 2020.Noting that the mission aims to be the first instance in which “a private company leading a....

Users of Arbitrum orbit chains, layer-3 solutions for Ethereum built on top of the platform’s technology stacks, can now pay gas fees using USDC. The move comes even as ARB, the native token of the Ethereum layer-2, continues to post lower lows, pushing losses to nearly 80% since January 2024 highs. Arbitrum Orbit Chains Support USDC For Paying Gas Fees In a press release, the decision to integrate bridged USDC aims to reduce gas fees and attract more developers. As of August 8, USDC is one of the top stablecoins by market cap. CoinMarketCap data shows that Circle, the stablecoin....

Late last year, we heard the first plans from bitcoin core developer Jeff Garzik to launch bitcoin mini-satellites into space. Today, we're getting a little more information on the project. Apparently, Mr. Garzik's Dunvegan Space Systems has formed a partnership with Deep Space Industries to built tiny "BitSats" that will broadcast the block chain from earth orbit. The plan? Offer redundancy to the bitcoin network in the event something catastrophic happens down on earth. Smart, don't you think? The plan is still very much coming together, but the idea is to build CubeSats that measure 10....

"The idea is that if you can provide a root of trust that is literally in outer space, you have something that has an unprecedented level of security because this is a fully tamper-proof Trusted Execution Environment." At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one of those grandiose ideas that never got much further than a vague outline in an ICO white paper back in 2017.But when the plan comes from a team including a Google X engineer and the co-founder of the first private mission to reach the moon, the project suddenly....