Cryptosat launches second ‘cryptographically-equipped’ satellite using SpaceX rocket
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The company behind a crypto-satellite module launched in May has announced an additional piece of its blockchain-related infrastructure went into Earth orbit.
According to a Jan. 3 announcement, one of SpaceX’s Falcon 9 launch vehicles
Other private crypto firms including SpaceChain and Blockstream have turned to space as an alternative solution for blockchain validation, multisignature wallets and verifiable time-delay functions. In 2019, SpaceChain sent tech to the ISS aimed at demonstrating the receipt, authorization and retransmission of blockchain-based transactions. Similarly, a crypto user in Brazil used Blockstream’s satellite network to establish a Bitcoin (BTC) node in Earth orbit.
