• Cryptosat has launched its second satellite, Crypto2, into space via SpaceX’s Transporter 6 mission on Jan. 3.
• Crypto2 is equipped with 30x more computational power than Cryptosat’s previously launched satellite.
• The launch of Crypto2 will allow Cryptosat to serve a larger number of clients and expand its use cases.
On January 3, Cryptosat launched its second satellite, Crypto2, into space via SpaceX’s Transporter 6 mission. This marks a major milestone in the company’s journey towards blockchain and cryptocurrency adoption and is a testament to the continued support of Elon Musk’s enterprises.
Crypto2 was sent to space as part of the mission’s 114 payloads from operators in 23 countries and was the second-largest rideshare mission in SpaceX’s history. The satellite has 30x more computational power than Cryptosat’s previously launched satellite, Crypto1, which was launched in May 2022. This immense power will allow the company to serve a significantly larger number of clients simultaneously and open up many new use cases.
Upon the launch of Crypto2, Yonatan Winetraub, Cryptosat’s co-founder, expressed his excitement. “The launch of Crypto2 is a milestone toward infrastructure expansion from a single satellite in 2022,” he said. “The launch of Crypto2 gives us more availability and more powerful spec to support the growing portfolio of use cases in our development pipeline.”
The launch of Crypto2 is a major step towards cryptocurrency and blockchain technology mass adoption. Cryptosat is paving the way for a future of decentralized and secure applications, powered by satellites in space. With the launch of Crypto2, Cryptosat is closer to realizing its vision of an open and secure global network, providing the necessary infrastructure for blockchain applications.