Velas Network AG is a Swiss technology company focused on blockchain solutions. They are known for creating a fast, AI-operated Delegated Proof-of-Stake (DPoS) blockchain ecosystem that supports decentralized applications (dApps) and smart contracts. Velas partnered with SpaceChain to operate in space, aiming to enhance the security and decentralization of blockchain transactions through a decentralized satellite infrastructure.
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SpaceChain installed the Velas space node onto a satellite designed and manufactured by Spire Global.
SpaceChain completed testing of the space node it created for Velas Network AG.
The 2022-01-13 mission integrated Velas, described as an Ethereum Virtual Machine (EVM) blockchain and open-source platform for decentralized applications, with SpaceChain’s payload.
Spire Global managed the launch mission for the satellite carrying the Velas space node on 2022-01-13.
SpaceChain launched a blockchain-enabled payload integrated with a space node created for Velas Network AG into space onboard a SpaceX Falcon 9 rocket.
The space node created for Velas will enable highly secure on-orbit services for Ethereum transactions sent and received from the ground and will enable the minting of ERC-721 standard non-fungible tokens.
Velas will leverage space-grade infrastructure designed and deployed by SpaceChain to advance its decentralized projects and applications.