Skip to main content

Cryptosat brings crypto satellites into space with SpaceX – at the same time a DeepFake video of Musk is circulating



 The blockchain technology in space? A new crypto satellite makes it possible. At the same time, the satellite offers more security than terrestrial encryption techniques.


Cryptosat launched Crypto1, a crypto satellite module, from Florida on May 25, 2022. The module launched alongside the Falcon 9 rocket, designed for SpaceX's Transport 5 mission. This is the first time blockchain technology has been used in space.


Cryptosat's mission is to build satellites that support cryptography, blockchain and ledger applications. "We believe that satellites possess unique properties that make them very well suited to these tasks, and by bringing these platforms into space we can unlock new and exciting possibilities in computing," the company said.


"We're basically joining the Uber of space travel," said Yonatan Winetraub, co-founder of Cryptosat. "Everyone flies into the same orbit, and we are one of the passengers."


Cryptosat uses so-called Cube satellites. The company writes on its website: “Cube satellites are miniature satellites, the size of a coffee mug, made up of off-the-shelf components. The cost of building cube satellites and launching them into space has fallen drastically over the last few decades and will continue to fall as the technology becomes more mainstream. We believe they are ideally suited for applications that require trust.”


Unhackable Crypto Satellites

“SpaceX has put a number of satellites into orbit, each with a different function. It doesn't matter to our service. We hope to be able to offer cryptographic services to our customers here on Earth with our satellite, which will not affect the other satellites at all.”


"Working with a space object is not the same as working here on Earth," said Yan Michalevsky of Cryptosat. “If something goes wrong on Earth, you just open a terminal and fix the problem. When it happens in space, it's not always possible."


He also explained that it will be the first independent cryptographic system that is not dependent on other satellites from other companies. Additionally, the company expects to offer zero-knowledge protocols in the future.


Zero-Knowledge-Proof is an advanced cryptographic technology for securely verifying transaction details. This is often used in voting mechanisms of decentralized autonomous organizations (DAO).


Michalevsky added: “There is a great need for it. When we deal with protocols, especially on Web 3, there are entire financial systems and smart contract systems, a type of digital legal arrangement that depend on the trustworthiness of the cryptography behind them.”

Michalevsky also explained that communications in space would be via radio frequencies, making the systems inaccessible to hackers from Earth.


SpaceX CEO Elon Musk shared a video of the successful Falcon 9 landing on Twitter:


On Twitter, however, there is not only more spectacular, but also absurd content to see. The Tesla CEO recently responded to one of many scam videos that scammers kept posting in his name.


Beware of Elon Musk Twitter scams

Scammers created a deepfake video showing an “ Elon Musk ” endorsing a dubious investment project. In the clip, which isn't particularly professionally made, a well-animated version of the Tesla CEO promises that investors will receive "30% dividends every day for the rest of their lives." Thankfully, many people are unlikely to fall for this scam because Musk's voice sounds fake and difficult to understand.



The billionaire responded to the video by saying: "Yuck. I certainly don't." Dogecoin co-founder Billy Markus said: “Someone stupid enough to invest in something like this deserves to lose their money. But at the same time, the scammers deserve to spend their lives in prison."


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action that the reader takes based on the information found on our website is entirely at their own risk.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon
Post a Comment
Read more

British financial regulator criticizes cooperation between Binance and Paysafe

  The British financial regulator FCA has expressed concerns about the partnership between market-leading crypto exchange Binance and payment service provider Paysafe. As the British regulator complains, the partnership gives Binance access to the influential British payment network Faster Payments Service (FPS), from which the crypto exchange was previously cut off. Last June, the FCA ordered Binance to stop all business activities in Great Britain. As a result, prominent banks such as Barclays have terminated their cooperation with the leading crypto trading platform . Through the cooperation with Paysafe, Binance can now again offer deposits in British pounds sterling and transactions within the European Payments Area (SEPA). However, this fact is a thorn in the side of the FCA, as it classifies the crypto exchange as a “considerable risk factor”. However, the financial regulator sees little room for maneuver to counteract this, as the Financial Times reports . “ Paysafe understands
Post a Comment
Read more