Cryptosat launches second ‘cryptographically-equipped’ satellite using SpaceX rocket
The Company behind a crypto-satellite module launched in May has expressed its blockchain-related infrastructure went into Earth orbit.
According to Cryptosat one of SpaceX Falcon 9 launch vehicles carried cryptographically-equipped crypto at Satelite called crypto2 into orbit on Jan 3 crypto2 to the firm's satellite constellation was part of efforts to make a space battleground in the quest for bulletproof cryptography by expanding its computational power.
According to Yontan Winetraub co-founder of Cryptosat
"The launch of Crypto2 gives us more availability and more powerful spec to support the growing portfolio of use cases in our development pipeline"
Winetraub expresses the use cases the firm was exploring with these satellites including data encrypted to a public key and retrieving a signed timestamp for applications like Smart contracts also the satellite was capable of generating a cryptographic key pair and releasing a private key after a given amount of time an effort to prevent premature decryption.
SpaceX launched the module as part of the Transporter 4 mission which lifted off from cape Canaveral space Force Station at 14:56 UTC on Jan 3 also Cryptosat payload of the Falcon 9 rocket carried 114 satellites into orbit for different operators worldwide. crypto users in Brazil used Blockstream's satellite network to establish a Bitcoin node in Earth orbit.
According to Crytosat co-founder Yan Michalevsky in May we're looking into protocols, especially in Web3 there are whole financial systems and smart contract systems kind of digital legal agreement that depends on the trustworthiness of the cryptography behind it.
Spacechain sent a tech to the Iss aimed at demonstrating the receipt authorization and retransmission of blockchain-based transactions.