By Gianluca Lo Nostro

(Reuters) -U.S. startup Spacecoin said on Wednesday it had successfully sent secured information through space in what it said was a first for the industry as the firm tries to show it can offer an alternative to Starlink’s satellite internet service.

WHY IT’S IMPORTANT

Spacecoin aims to target customers in places where internet access is unreliable, censored or too expensive, its founder Tae Oh told Reuters.

But unlike SpaceX-owned Starlink, where one entity controls the network, Spacecoin plans to build a decentralised system that anyone can join, conducting payments and storing data without the need to go through other service providers.

The test was designed to prove that data on a blockchain – the encrypted record behind cryptocurrencies and other digital se

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