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A module the size of a coffee mug will be sent on SpaceX’s Falcon 9 rocket. The satellite will launch blockchain and decentralized applications
The first crypto satellite called Crypto1 will be launched on a Falcon 9 rocket from SpaceX on May 25, cointelegraph writes. The satellite is a module the size of a coffee mug, its output into space will provide a physically inaccessible and protected from unauthorized access platform from which it will be possible to run applications based on the blockchain and other Web3 protocols.
Cryptosat, the creator company of Crypto1, positions it as the first extraterrestrial source that can always be trusted because it doesn’t depend on other satellites, but actually provides the hardware in orbit.
“There is a big need for this. If we study protocols, especially in Web3, there are entire financial systems and smart contract systems, a kind of digital legal agreements that depend on the reliability of the cryptography behind them,” said Cryptosat co-founder Jan Michalewski.
A Cryptosat spokesperson believes that one of the most interesting applications for the module is the configuration of zero-knowledge proof protocols, which are used for purposes such as voting in a decentralized autonomous organization (DAO) that does not disclose the votes of individuals.
Other applications for the module include the possible deployment of an entire blockchain, as having the ledger out of reach of attackers theoretically means that it will no longer need to be decentralized to multiple validators. Cryptosat claims that mining can become a relic of the past.
The technology of capturing and interfering with the operation of the satellite is not available, since communication is carried out using radio waves that cannot be hidden. However, the speed of satellite communication with the Earth is still low. Cryptosat says it is constantly working to solve this problem.
The company is already in the planning stages of the next satellite and aims to create several modules in orbit. Expansion on Earth to communicate with orbital modules is also in the firm’s plans. Mikhalevsky said the goal is for the ground station to see at least one satellite at all times.
In March, the Cryptosat satellite took part in several experiments on the ISS, in one experiment cryptographic signatures were created with keys generated and stored in space.
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