Yonatan further added, “SpaceX launched a bunch of satellites, each one of them is doing something else. Everybody goes into the same orbit, and we’re one of the passengers,” said Yonatan Winetraub, the co-founder of Cryptosat. “We’re basically joining the Uber of spaceflight. Trials related to blockchain satellite technology have already begun on the International Space Station. The platform would be physically unreachable. The satellite can prove vital as a tamper-proof platform for securing and launching blockchains and Web3 platforms. The satellite, which is no bigger than a coffee mug, has been built using off-the-shelf parts. The launch will set the foundation for secure cryptography related to the blockchain in space.Ĭryptosat is the company behind ‘Crypto1–the first crypto satellite–that will be launched by a Falcon 9 rocket for SpaceX’s Transporter 5 mission. The first crypto satellite will be blasted off into low Earth orbit by a SpaceX rocket launch in Florida on Wednesday. ‘Crypto1’ - the first crypto satellite will be launched by a Falcon 9 rocket for SpaceX’s Transporter 5 mission Image: JOEL KOWSKY / NASA / AFP A file image of Falcon 9 rocket taking off.
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