Cryptosat launches second ‘cryptographically-equipped’ satellite using SpaceX rocket
The corporate behind a crypto-satellite module launched in Could has introduced that an extra piece of its blockchain-related infrastructure went into Earth orbit.
In line with an announcement, one in all SpaceX’s Falcon 9 launch automobiles carried a “cryptographically-equipped” Cryptosat satellite tv for pc — known as Crypto2 — into orbit on Jan. 3. The addition of Crypto2 to the agency’s satellite tv for pc constellation was a part of efforts to create space a “new battleground within the quest for bulletproof cryptography” by increasing its computational energy.
“The launch of Crypto2 provides us extra availability and extra highly effective spec to assist the rising portfolio of use instances in our improvement pipeline,” stated Cryptosat co-founder Yonatan Winetraub.
Chatting with Cointelegraph, Winetraub stated a few of the use instances the agency was exploring with the satellites embrace information encrypted to a public key and retrieving a signed timestamp for purposes like good contracts. As well as, the satellite tv for pc is able to producing a cryptographic key pair and releasing a non-public key after a given period of time in an effort to stop “untimely decryption.”
SpaceX launched the module as a part of its Transporter 6 mission, which lifted off from Cape Canaveral House Pressure Station at 2:56 pm UTC on Jan. 3. Along with the Cryptosat payload, the Falcon 9 rocket carried 114 satellites into orbit for varied operators worldwide.
Cointelegraph reported in Could that the Crypto1 — the primary satellite tv for pc Cryptosat launched — aimed to facilitate blockchain purposes by offering a bodily unreachable, tamper-proof platform. The know-how behind the satellite tv for pc had been beforehand trialed on the Worldwide House Station, or ISS.
“There’s numerous want for this,” stated Cryptosat co-founder Yan Michalevsky in Could. “If we’re wanting into protocols, particularly in Web3, there are complete monetary techniques and good contract techniques, sort of digital authorized agreements that rely upon the trustworthiness of the cryptography behind it.”
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Different non-public crypto companies, together with SpaceChain and Blockstream, have turned to house instead answer for blockchain validation, multisignature wallets and verifiable time-delay features. In 2019, SpaceChain despatched tech to the ISS geared toward demonstrating the receipt, authorization and retransmission of blockchain-based transactions. Equally, a crypto consumer in Brazil used Blockstream’s satellite tv for pc community to ascertain a Bitcoin (BTC) node in Earth orbit.
