SpaceX and Hedera to Pioneer Satellite Payment Networks
The post SpaceX and Hedera to Pioneer Satellite Payment Networks appeared on BitcoinEthereumNews.com.
Hedera Hashgraph could be powering SpaceX to space after multiple key figures confirmed a groundbreaking partnership with Elon Musk’s company. Hedera’s ability to process trillions of transactions per second and track space traffic was part of the several reasons for its consideration. Hedera Hashgraph (HBAR) could soon go into space as a renowned crypto investor and expert discloses a groundbreaking partnership with SpaceX. According to Shawn, Hedera would be primarily responsible for facilitating crypto transactions in space. Meanwhile, this could mark a huge breakthrough for satellite-to-satellite payment networks while subjecting transactions across Earth and space to a significant transformation. 🚨BREAKING: SpaceX is sending a satellite powered by HBAR to space this January after NASA research paper on Hedera 🛰️ After Hedera’s partner in the @DeRecAlliance, Cardano founder @IOHK_Charles visited @elonmusk’s SpaceX HQ in Hawthorne yesterday, it was announced on Swiss 🇨🇭… pic.twitter.com/1nTNOGoEiA — Shawn (@oroogle) November 15, 2024 Why Hedera? According to experts, Hedera provides cutting-edge solutions to all the challenges of the previous blockchain technologies. Explaining this in a blog post authored by Shawn in 2023, it was disclosed that Hedera can facilitate trillions of transactions per second. Comparatively, Ethereum can only manage 12-15 transactions per second. Meanwhile, Hedera executes these levels of operation while consuming 970.000.000 less energy than Ethereum. Explaining the application of Hashgraph in space, Shawn highlighted five key use cases in his post. Secure Satellite Communication and Payment Networks According to Shawn, SpaceX’s Starlink has issues with making uncensored, fast, and secure internet connectivity worldwide. This has been a challenge since its internet access depends on the server infrastructure on Earth. In this case, a targeted attack on the data centers or global nuclear fallout could render this infrastructure useless. Fascinatingly, the use of Hashgraph technology alongside Starlink, according to Shawn, could put these disruptions…
Filed under: News - @ November 16, 2024 11:24 pm