Velas Network's space node is now operational
SpaceChain has completed the testing of a space node it created for Velas Network, marking SpaceChain’s successful integration of Velas, the Ethereum Virtual Machine (EVM) Blockchain and open-source platform for decentralised applications, with its payload. The space node now supports and enables Velas to advance the development and deployment of its Blockchain platform, which aims to be one of the most secure and fastest platforms in the industry. The node can deliver functionality such as transaction signatures, smart contract deployment, decentralised finance (Defi) activities and non-fungible token (NFT) minting with the seamless transaction of the Velas Token (VLX). The space node was installed onto a low-earth orbit (LEO) satellite designed and manufactured by Spire Global, which managed the launch mission on January 13, 2022. It is independent of terrestrial networks. “Through this mission, the space node helps Velas’ Blockchain project realise the digital transact...