• Cryptosat has launched its second satellite into orbit via SpaceX’s Transporter 6 mission.
• Named Crypto2, the satellite has 30x more computational power than Cryptosat’s previously launched satellite.
• The launch of Crypto2 marks an important step towards infrastructure expansion and the growing portfolio of use cases in Cryptosat’s development pipeline.
Cryptosat, a company that builds satellites that power cryptographic, blockchain, and ledger applications, has successfully launched its second satellite into space via SpaceX’s Transporter 6 mission. The mission, which was SpaceX’s first orbital launch in 2023, sent 114 payloads from operators in 23 countries, including Cryptosat’s Crypto2 satellite.
Crypto2 is equipped with 30x more computational power than its predecessor, Crypto1, which was launched back in May 2022. This increased computational power will significantly expand the number of clients that Cryptosat can serve simultaneously. According to Yonatan Winetraub, co-founder of Cryptosat, the launch of Crypto2 will enable the company to support a growing portfolio of use cases in their development pipeline.
The launch of Crypto2 marks an important milestone in the mass adoption of cryptocurrency and blockchain technology, thanks to the support of Elon Musk’s enterprises. This is the second-largest rideshare mission in history, and showcases the potential of satellite technology to support the growth of the blockchain industry.
Musk’s ventures have been increasingly involved in the crypto space, with SpaceX recently accepting Dogecoin as payment for a mission to the Moon. Cryptosat is also set to launch more satellites in the near future, in order to expand the capabilities of their current infrastructure.
The launch of Crypto2 is an exciting step forward for the crypto world, and a testament to the potential of satellite technology to revolutionize the blockchain industry. Cryptosat’s mission to expand the capabilities and reach of their infrastructure is a great example of the possibilities available in the ever-evolving world of cryptocurrency.