Hedera Hashgraph (HBAR) is on the verge of entering space through a groundbreaking partnership with SpaceX, as revealed by a prominent crypto investor and expert. Shawn stated that Hedera’s main role would be to facilitate crypto transactions in space, potentially revolutionizing satellite-to-satellite payment networks and transforming transactions across Earth and space.
BREAKING: SpaceX is set to launch a satellite powered by HBAR into space in January, following NASA’s research paper on Hedera ️
After Cardano founder @IOHK_Charles visited @elonmusk’s SpaceX HQ in Hawthorne as part of the @DeRecAlliance partnership, it was announced on Swiss … pic.twitter.com/1nTNOGoEiA
— Shawn (@oroogle) November 15, 2024
Why Hedera?
Experts believe that Hedera offers cutting-edge solutions to the challenges faced by previous blockchain technologies. As explained in a blog post by Shawn in 2023, Hedera has the capability to handle trillions of transactions per second, far surpassing Ethereum’s capacity of 12-15 transactions per second. Additionally, Hedera achieves this level of performance while consuming 970,000,000 times less energy than Ethereum.
Shawn highlighted five key use cases for Hashgraph technology in space in his post:
1. Secure Satellite Communication and Payment Networks
2. Tokenization of Resources from Asteroid Mining
3. Space Supply Chain Management
4. Tracking & Management of Space Traffic
5. Smart Contracts for Autonomous Spacecraft and Space Vehicles
Furthermore, WISeKey CEO Carlos Creus Moreira confirmed the movement of Hedera into space, emphasizing that this mission would redefine innovation.
In a groundbreaking move, the exchange of SEALCOIN directly from space will be tested as a proof of concept, marking a significant advancement in secure satellite communication and blockchain integration with Hedera Hashgraph for space-based digital cryptocurrency transactions.
It has also been reported that Cardano could potentially partner with SpaceX, with co-founder Charles Hoskinson teasing a collaboration.
At the time of writing, HBAR was trading at $0.085, experiencing a 21% surge in the last 24 hours.