Cryptosat: the future of the blockchain is written in space

Say goodbye to space hacks! – Is the future of blockchain and cryptocurrencies in space? SpaceX had already put Bitcoin (BTC) and Ethereum (ETH) in orbit. This crypto satellite now aims to offer blockchain projects to technological alternative with specific benefits and challenges.

A high-flying platform for blockchain applications

Cryptosat sent the satellite into space Crypto1 which is the size of a cup of coffee. Crypto1 boarded Space X’s Falcon 9 rocket on May 25, 2022.

Cryptosat builds satellites that provide a platform for launch of blockchain and ledger applications – in the sense of a ledger.

But what is the purpose of using such a technology solution in orbit for the cryptocurrency industry? Communication with Crypto1 takes place via radio frequency.

He is not alone hard for the hacker to attack such a system, but “Anyone with an antenna will know if you do something weird”according to the co-founder of Cryptosat, Yonatan Winetraub.

This solution would therefore be safer compared to its land-based alternatives which are much more vulnerable to pirate attacks.

Yonatan Winetraub also mentioned the establishment of protocols for zero knowledge test as one of the coolest applications of Crypto1.

The zero-knowledge test allows, for example, members of a decentralized autonomous organization to vote, without having to publicly post their vote.

>> Do you dream of sending your portfolio into orbit? Join FTX (affiliate link) <

Bug in orbit: a crypto satellite that breaks with terrestrial habits

However, the use of a spatial module to launch a decentralized application is subject to certain points of friction.

Data download requires much more time. Yonatan Winetraub admitted this “Communication on the Internet is not a trivial thing to do in space”.

Cryptosat must also meet challenges specific relating to bug fix affecting the functioning of Crypto1.

Yonatan Winetraub remembered this“down, if something goes wrong, open a terminal and debug”. The process is obviously more complex for a satellite in orbit:

“It goes around the earth. Let’s start debugging. Let’s find the problem. Now we have to wait 1:30 until he comes back. “

Cryptocurrencies are conquering space thanks to SpaceX. Same Dogecoin (DOGE) goes hand in hand with the stars in his way.

Start exploring the blockchain space! Put on the wetsuit e register without delay on the FTX reference cryptocurrency exchange platform and benefit from a lifetime discount on your trading fees (affiliate link, see conditions on the official website).

Leave a Comment