Gluwa to Launch Low-Earth Orbit Satellite in December to Test Blockchain Infrastructure
The post Gluwa to Launch Low-Earth Orbit Satellite in December to Test Blockchain Infrastructure appeared on BitcoinEthereumNews.com.
Gluwa, a blockchain technology company known for its Credit Coin (CTC) project, is set to launch its first low-Earth orbit satellite in December 2024. In an interview with Money Today, Gluwa CEO Oh Tae-rim revealed the company’s ambitious plan to explore the feasibility of operating blockchain infrastructure through a satellite-based communication network. The satellite launch marks a significant step in Gluwa’s strategy to create a decentralized, space-based blockchain infrastructure that could potentially revolutionize how blockchain networks operate. The December launch will be followed by two additional satellite launches in May 2025, according to CEO Oh Tae-rim. These subsequent launches will further test the stability of satellite-based communication networks across various frequency bands and solidify the company’s vision of operating the Credit Coin (CTC) infrastructure using satellites. Gluwa’s innovative approach is poised to disrupt the blockchain industry by exploring how blockchain infrastructure can be managed in space, potentially overcoming traditional limitations like latency, security, and reliability. Gluwa’s Vision: Space-Based Blockchain Infrastructure Gluwa’s initiative to launch low-orbit satellites represents an innovative step forward in the convergence of blockchain technology and space exploration. By establishing a communication network in low-Earth orbit, Gluwa aims to test whether blockchain systems can operate effectively in space. The primary goal is to create a decentralized network that can bypass traditional internet infrastructure and establish a more secure, efficient, and reliable blockchain environment. The ability to operate blockchain infrastructure via satellite would provide significant advantages, such as reducing dependence on ground-based internet infrastructure, enhancing global connectivity, and ensuring greater security through decentralized communications. This could be particularly impactful in regions with limited internet access, enabling broader participation in blockchain networks and expanding the reach of decentralized finance (DeFi) solutions. Credit Coin (CTC) and Its Role in the Satellite Project Credit Coin (CTC), Gluwa’s blockchain-based credit record project, will…
Filed under: News - @ September 9, 2024 1:08 am