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

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

Cryptosat launched Crypto1, a cryptosatellite module, from Florida on May 25, 2022. The module was launched with 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 suitable for these tasks, and by bringing these platforms into space, we can unlock new and exciting opportunities in computing,” the company said.

“We’re basically joining Uber of space travel,” said Yonatan Winetraub, co-founder of Cryptosat. “Everyone flies into the same orbit and we’re 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, which consist of shelf components. The cost of building cube satellites and launching them into space has dropped drastically over the last few decades and will continue to decline as technology becomes more mainstream. We believe they are ideal for applications that require trust. “

Unhookable crypto satellites

“SpaceX has put a number of satellites into orbit, each with their own function. It does not 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 solve 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. In addition, the company expects to offer zero-knowledge protocols in the future.

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

Michalevsky added: “There is a great need for it. When we deal with protocols, especially on Web 3, there are whole financial systems and smart contract systems, a kind of digital legal system that depends on the credibility of the cryptography behind them. . “
Michalevsky also explained that communication 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 watch. Tesla’s CEO recently responded to one of many scam videos that scammers kept posting in his name.

Beware of Elon Musk Twitter scams

Scammers made a deepfake video in which an “Elon Musk” supported a dubious investment project. In the clip, which is not particularly professionally made, a well-animated version of the Tesla boss promises that investors will receive “30% dividends every day for the rest of their lives.” Fortunately, many people are unlikely to fall for this scam because Musk’s voice sounds false and difficult to understand.

The billionaire responded to the video by saying, “Yuck. I certainly do not.” Dogecoin co-founder Billy Markus said: “A person who is stupid enough to invest in such a thing deserves to lose their money. But at the same time, the scammers deserve to spend their lives in prison.”


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