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Cryptocurrency data to be stored in outer space

by Futures Centre, Oct 31
1 minute read

Cloud Constellation, a company offering satellite-based data storage, has secured a deal with SolarCoin Foundation: a Blockchain currency that rewards solar power generators.

The data storage centre Spacebelt is pending a patent. Its orbital location will provide “a transformative ultra-high degree of network security”, Cloud Constellation claims.

This security is what attracts SolarCoin Foundation, which awards coins for each megawatt-hour of electricity generated, from a treasury of 5 billion. Its transactions will be the first sent to and from space.


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