An Intro to the Unknown

"SpaceChain is actively building the world's first open source satellite network, to enable a next-generation infrastructure for blockchain industry. This non-terrestrial, decentralized satellite network will become an alternative for data transmission, storage, and application development. The SpaceChain open source operating system – SpaceChainOS, which provides a “blockchain sandbox” that any developer can utilize for rapid development, testing, and deployment of decentralized applications."-SpaceChain

Attempting to do something that no one has ever done before can be a very scary thought; you will generally be talked down to and questioned. The consensus of those consumed within the walls of the current socio-political system is that members of the general public wouldn’t possibly be able to understand the feelings of what it takes to dig deep within yourself to follow a dream that is so radical you may even question its legitimacy at times. SpaceChain ($SPC) is an outlier within the market; unlike some of its competitors, SpaceChain does not use target marketing to draw in millenials and not much attention is drawn to the project by preying eyes only seeking green marks. This is the very basis of fundamental analysis and as of the current moment, $SPC is down about 15 times from its all-time high. In my personal opinion, this is a buy zone for $SPC set aside to dig deeper into the technical aspects of the company. The company itself is comprised of one of the best teams and/or advisory boards in the crypto markets. Long term institutional investors actually want to view their asset as a store of value and don’t necessarily want large fluctuations in price. Through the downtrend, Altcoins have taken huge losses across the board including $SPC, though it seems to have found some nice support and is thus currently considered a store of value again.

The Team

SpaceChain is comprised of industry leaders currently dominating the FinTech space. Some of these individuals, it seems, have the golden touch and they invest in where they want the future to go. That is the only power that money should hold, the power that every person holds, a choice to do good for the betterment of our Earth. It’s a beautiful thing when a plan comes together and this is the journey of SpaceChain from beginning to beyond our atmosphere.

Leading the pack is Zheng Zhou, Co-founder and CEO of SpaceChain, and an early adopter of bitcoin and blockchain alike. Zheng Holds a M.A. from Colombia University, as well as attending the highly unconventional, yet highly successful Draper University for aspiring entrepreneurs. Tim Draper,start up wiz and an early adopter of Bitcoin also, holds a core business advisory role to $SPC. Fellow Co-founder and CTO Jeff Garzik has assumed a paramount role in the original core development of Bitcoin, having worked under Satoshi Nakamoto, the creator of bitcoin, for two years. He is also the 3rd largest contributor to bitcoin’s original code. Garzik is a long standing member of the Linux foundation and Ethereum Enterprise Alliance and the code he created can be found all across basic devices we know and use today such as Android phones. Closely following behind Garzik’s coattails is Mathew Roszak, who is the Core Strategic Advisor to SpaceChain and Co-Founder of Bloq labs, which is currently in the process of implementing blockchain technology silently into many Fortune 500 companies. Patrick Dai is the Founder of QTUM and Core Technical Advisor to the team, who graduated from Draper University and is a former team member of the Alibaba Group. Chinese venture capitalist Ryan Xu, who has taken the role of "Core Blockchain Advisor" to the team, has vast experience in financial technology and is the Co-founder of Blockchain Global,a blockchain- focused enterprise that provides cloud data services and incubates blockchain startups. The incubation period in which start-ups need to obtain users transacting on the network is essential to their success, especially when dealing in Crypto due to its notorious speculative nature. Jeffrey Manber, Core Space Advisor to the $SPC team and CEO of NanoRacks, has contributed greatly to a few commercial space projects, as well integrating the Russian space program into other major space programs. NanoRacks is the first company to own and market its hardware on the international space station. Overall, Jeffrey Manber holds a very positive light to his name as one of the original commercial space entrepreneurs. Partners include: QTUM, INK-LABS, NANORACKS, SylixOS, ARCH MISSION, BEJING XIHUA TECHNOLOGY CO, ACOINFO, KUBOS, DRAPER UNIVERSITY.

A trend has started to form in the sense of a major interest in the successful deployment of SpaceChainOS. Sometimes, a network can be built so securely that as long as hard work persists, a beautiful outcome is due to ensue in time. This does not mean that failure and struggles won't crop up along the way, and they already have as listed in the weekly reports posted to various social media platforms (Ex. Twitter, Medium). Transparency is the key to the bigger picture; since we are dealing with code, if the code isn't up to par the program won't run appropriately. Putting up a big talk in hopes of achieving greatness is a start towards something but, moving into the technology age action is what is really needed to push our cumulative societies to new heights. The SpaceChain team and associated partners are backed by knowledge, drive, courage and the persistence to achieve the impossible.

The Tech Behind the Team

SpaceChainOS incorporates various aspects from the QTUM smart contract and SylixOS alike. QTUM is dubbed “The Blockchain Made Ready for Business,” and SpaceChain is comprised of a wide arrangement of business savvy individuals from all walks of life. Seems fitting as to why the QTUM node would be chosen to build upon as the base of the project. Jeff Garzik designed the “Blockchain Sandbox” to create a stable and well protected infrastructure. Dapps developed in this space can run properly and independently without any interference from one another. As of now, our best working current model for application launch and development would be the "Ethereum Blockchain." Though this platform is currently ridden with problems in that the apps do not function in the same manner as SpaceChainOS, all apps built on the Ethereum network are essentially tied to leveraging the same speed and latency of the current shared network. The Ethereum network crashed in 2017 due to overwhelming use of a single application- can you guess it? Don't worry you don’t have to guess, the application was Crypto Kitties. Yes, what is being said is true, believe it or not. An application made for the purchase and ownership of digital cats crashed the network of the second largest market capitalization in cryptocurrency. This is essentially comparable to using a shared Wi-Fi connection in your home to run an application versus using a virtual private server (VPS) or cloud server. Due to these persistent problems of lacking network capability, the team is taking the project to space and creating a satellite network that runs the QTUM NODE to leverage the capability of an extended satellite open source network. This has brought about significant interest from many entities in various industries who desire to build their applications on this platform.

According to SpaceChain,

“Ultimately, we can help the Space industry go through the same process as the mobile phone by ‘making smart satellites’ with at least three benefits: 1. Bringing blockchain applications to space, enlarging the space market as a whole, and to integrate the aerospace industry resources to make space better serve the earth; 2. Improve spacecraft capabilities, increase the number of applications per spacecraft, and to lower the cost of using satellites, thus allowing more people to get involved in the space industry; 3. Provide an excellent developmental environment for space applications by lowering the barriers for developers, and hence encouraging more people to participate in space exploration.”

Links to the Future and Beyond

https://coinmarketcap.com/currencies/spacechain/

https://spacechain.com/

https://qtum.org/en

https://www.bloq.com/

Links to the Past and Present

https://twitter.com/Space__Chain

https://medium.com/@spacechain

https://www.youtube.com/channel/UCVM3fivpRsw8syaGPpSe3IA

Legal Disclaimer: I am not a financial advisor, nor is any content in this article presented as financial advice.