Delaware, USA, December 6, 2024, Chainwire
Creditcoin, Spacecoin, Sui, and Walrus have jointly announced a strategic partnership to collaborate on new decentralized finance projects that combine their respective strengths in providing internet access, computing, and storage. The partnership aims to improve connectivity and access to financial services, especially in remote and underserved areas, through a distributed satellite infrastructure.
This effort integrates distributed infrastructure across multiple layers.
Creditcoin provides a financial foundation with a blockchain platform for secure lending and borrowing. Spacecoin uses satellite technology to extend global connectivity and provide internet access to areas with limited traditional infrastructure. Sui enables scalable and secure computing with a smart contract platform. Walrus handles distributed storage for efficient and reliable data management.
By combining these technologies, the partnership aims to address challenges such as unreliable internet infrastructure and lack of financial access in underserved areas. Spacecoin's satellite network provides reliable internet access even in remote locations, and Creditcoin allows users to participate in secure, decentralized financial transactions. Sui and Walrus ensure the system is scalable and efficient, empowering peer-to-peer (P2P) financial transactions and communications without relying on centralized intermediaries, reducing costs and increasing transparency. Masu.
The partnership's integrated approach prioritizes practical solutions to real-world problems and will help bridge access to the internet and financial services for the approximately 37% of the world's population who currently do not have access to the internet. We enable users in underserved areas to participate in the global digital economy and build credit history while accessing the latest internet and financial tools.
About credit coins
Creditcoin is a layer 1 blockchain that connects borrowers and lenders in emerging markets, creating a transparent credit network. By recording loan transactions on-chain, Creditcoin enables borrowers to build a verifiable credit history while providing trustless transparency to lenders. With ultra-low fees, enterprise-grade security, and cross-chain liquidity, Creditcoin strengthens financial inclusion and opens new opportunities for fair credit access around the world. Click here for details: https://creditcoin.org/
About Space Coin
Spacecoin is the world's first DePIN project to utilize blockchain and LEO communication microsatellites. Spacecoin aims to provide high-speed, decentralized internet access to remote and underserved areas around the world using a satellite-based network. Spacecoin uses Creditcoin’s layer 1 infrastructure to manage satellite operations on-chain for governance, payments, and resource allocation. Click here for details: https://spacecoin.org/
About Sui
Sui is a first-of-its-kind layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. An object-centric model based on the Move programming language enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications at low cost and unmatched speed. Sui is a step-function advancement in blockchain and a platform that allows creators and developers to build user-friendly experiences. For more information about Sui, please visit https://suit.io.
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About walrus
Walrus is a next-generation distributed storage network for data and rich media content such as large text files, video, images, and audio. Walrus leverages erasure coding innovations to minimize replication overhead, increase cost efficiency, and provide exceptional data availability and robustness. Walrus leverages Sui as a coordination layer and scales to hundreds or thousands of networked distributed storage nodes without compromising performance. For more information, please visit https://www.walrus.xyz/.
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