Ethereum-Based ConsenSys Space Drops Asteroid Mining for Tracking Satellites via DLT App

Tue, 10/22/2019 - 14:24
Yuri Molchan
Ethereum-linked ConsenSys subsidiary gives up asteroid mining to start using ETH-based dapp to track satellites using data from amateur scientists
Cover image via

A subsidiary of Ethereum’s software maker ConsenSys, ConsenSys Space, has decided to switch from asteroid mining to working with space a little closer to Earth.

As reported by Geekwire, ConsenSys Space has launched an app called TruSat to monitor orbits of satellites and do it via an Ethereum-based application TruSat.


ConsenSys Space teams up with Astronautical Congress

To produce and launch the Ethereum-based open source TruSat app, ConsenSys Space partnered with Astronautical Congress located in Washington. Together they plan to monitor satellites in the low orbit of the Earth.

To build the app and start using it, ConsenSys Space also works with several organizations, such as the Secure World Foundation and the Society of Women in Space Exploration. Moriba Jah, a space expert from University of Texas, also participates.

Key members of the project say that the Ethereum network is going to be an essential component of it.

Image via

XRP Will Get You Local Fiat Money Instantly, Even from Space, Says New Ripple’s Commercial

What TruSat will do

TruSat is going to collect data submitted by amateur space observers in various corners of the world, analyse it and come up with more precise data regarding the numerous satellites rotating around the planet. The data is expected to come from people whose hobby is astronomy and who will agree to share their observations.

One of TruSat founders, Chris Lewicki, a former CEO at Planetary Resources, taken over by ConsenSys Space, said that Ethereum will be largely used when dealing with data on satellites.

As per him, TruSat is currently in beta trials.


What’s your take on using the blockchain for studying space? Share your view in the comments section!

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at

Top 10 Best Cloud Mining Sites in 2020
TOP 20 Best Bitcoin Trading Bots in 2020

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy