Cryptosat Launches Crypto2 Satellite, Expands Crypto Infrastructure

• Cryptosat launched its second satellite, Crypto2, into space on SpaceX’s Transporter 6 mission on Jan. 3.
• Crypto2 is equipped with 30x more computational power than its predecessor, Crypto1, which launched back in May 2022.
• The launch of Crypto2 is a milestone towards infrastructure expansion from a single satellite in 2022, and will significantly expand the number of clients Cryptosat can serve.

On January 3, 2023, Cryptosat, a company that builds satellites that power cryptographic, blockchain and ledger applications, launched its second satellite, Crypto2, into space via SpaceX’s Transporter 6 mission. The mission, which is SpaceX’s first orbital launch in 2023, also sets a record as the second-largest rideshare mission in history.

Crypto2 is equipped with 30x more computational power than its predecessor, Crypto1, which launched back in May 2022. This will give Cryptosat the ability to serve more clients simultaneously. According to Cryptosat’s co-founder Yonatan Winetraub, „The launch of Crypto2 is a milestone towards infrastructure expansion from a single satellite in 2022. 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 successful launch of Crypto2 is an important step forward for Cryptosat and SpaceX, as it shows their commitment to fostering Bitcoin, Binance Coin and crypto adoption by bringing satellite to orbit. It also demonstrates Cryptosat’s ambition to expand their infrastructure and increase the number of clients they can serve.

The mission’s 114 payloads sent by operators in 23 countries also shows the massive potential of blockchain technology, and the impact that cryptocurrency and blockchain technology can have on the world. With Cryptosat’s Crypto2 satellite now in orbit, the possibilities of what can be achieved with blockchain technology are endless.