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Web3 companies unite to create decentralized internet
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Last Friday, the 6th, the Creditcoin (CTC) announced a partnership with SUI, Walrus and Spacecoin. The objective of this merger is to build a decentralized internet and financial services. Companies seek to generate new opportunities for areas with limited internet access and for people who do not have adequate access to financial services.
CreditCoin’s initiative, announced on the night of Thursday, 5th, on the company’s profile on X, was widely celebrated by users of the social network.
Creditcoin, which serves as the financial center of the ecosystem, will make its decentralized credit payment technology available to create credit profiles and promote the financial inclusion of users of the new internet.
SUI, a layer-1 blockchain developed by Misteen Labs, is known for its high transaction throughput and low latency technology, and will support continuous dApp performance.
Role of the companies involved
Walrus, which offers a Sui blockchain-based distributed storage solution, will ensure the storing user data in a decentralized waysafely and economically.
Lastly, Spacecoin, which promotes a decentralized satellite internet network known as DePIN (Decentralized Physical Infrastructure Network), will provide the physical support necessary for users to have access to reliable, censorship-resistant internet.
The technology that will be integrated into this project includes satellite internet, blockchain, distributed storage and credit payment systems. Spacecoin’s CTC-0 satellite is scheduled to launch on December 21stmarking a significant step forward for the group’s project.
A Creditcoin employee, in a statement to the BlockMedia website, highlighted that the ecosystem was designed to guarantee privacy and freedomproviding more rights to users. He emphasized the vision of creating an inclusive digital environment where everyone can connect, transact and thrive.
Web3 companies unite to create decentralized internet
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Web3 companies unite to create decentralized internet
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Web3 companies unite to create decentralized internet
