Cryptosat, a team of Stanford University graduate and graduate students, has launched its second satellite into Earth orbit. A Falcon 9 rocket from Elon Musk’s SpaceX was used to complete the release of the “Crypto2” satellite. What makes this launch a significant development is that these satellites aim to power crypto, blockchain, and ledger applications. These satellites will provide blockchain nodes in space for scientists to communicate with. Cryptosat’s first satellite was launched in May last year.
SpaceX launched the Crypto2 satellite from Cape Canaveral Space Force Station in Florida on Jan 3 as part of its Transporter 6 mission.
“The introduction of Crypto2 gives us more availability and better performing specifications to support the growing portfolio of use cases in our development pipeline,” said Yonatan Winetraub, co-founder of Cryptosat wrote in an official post.
Images and video footage of the satellite launch have surfaced on Twitter.
Crypto2, the 2 @cryptosat Satellite has just been launched on board @SpaceX Transporter and launched into orbit :satellite:
And I use @SpaceX Starlink to share this tweet :rocket:
Unbelievable how fast space science and crypto infrastructure are turning into basic internet infrastructure pic.twitter.com/8rA0G1a4go
— Daniel Bar 丹尼尔 :bat::loud_sound: (@danieltbar) January 3, 2023
As announced, on Jan. 3, one of SpaceX’s Falcon 9 launch vehicles launched a cryptographically-equipped Cryptosat satellite called Crypto2. pic.twitter.com/QEH15DDw29
– Sacha (@SatoshiBarion) January 4, 2023
The physical accessibility of satellites makes them a secure point-of-information store that guarantees the confidentiality of sensitive data and calculations, the Stanford team explained.
“Such tamper-proof satellites can serve numerous use cases, including transaction signing, trusted setups for cryptographic schemesa chance oracle, a time oracle (VDF) and more,” the Cryptosat team noted while restating that no national or international third party intervened in its construction and launch.
Back in 2022, Cryptosat had completed a trial for its Crypto1 satellite on the International Space Station, a CryptoPotato Report said.
Cryptosat isn’t the only company that has turned to space technology to provide bulletproof cryptography and Blockchain solutions.
For example, in 2019 SpaceChain sent its technology to host on the International Space Station to authorize and transmit blockchain transactions. SpaceChain was founded in 2017 defines itself as a decentralized space agency aiming to build a blockchain-based satellite network.
As for SpaceX, its connection with Cryptosat is not a complete surprise.
muskits CEO, and an avid supporter of the crypto sector, has said many times that he will bet one Dogecoins on the earth moon.
Along with Crypto2, the Falcon 9 rocket launched with 114 satellites for various operators from around the world.
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