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Cryptosat Launches Second Crypto-Satellite Aboard SpaceX Falcon 9

MOUNTAIN VIEW, CA / ACCESSWIRE / January 6, 2023 / Cryptosat has expanded its crypto-satellite constellation with the launch of its second orbiting satellite, Crypto2. The cryptographically-equipped device was propelled into space aboard SpaceX Falcon 9 on January 3. SpaceX's first launch of the year carried 114 small satellites into polar orbit for operators in 23 countries.

Cryptosat, Friday, January 6, 2023, Press release picture
Cryptosat, Friday, January 6, 2023, Press release picture

Falcon 9's partially reusable launch vehicle, developed by SpaceX, can carry crew and commercial cargo into orbit. On its first flight of 2023, Cryptosat software formed part of the consignment, supporting Cryptosat's goal of launching a Trusted Execution Environment in space.

The second Cryptosat satellite to orbit Earth is equipped with 30x more computational power than its predecessor Crypto1, which launched just six months ago. The launch of Crypto2 significantly expands the number of clients Cryptosat can simultaneously serve.

Cryptosat Co-Founder Yonatan Winetraub said: "The launch of Crypto2 is a milestone toward 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."

In December, Cryptosat released an API tutorial with a satellite trajectory simulation. The Cryptosim software enables developers to get a feel for how they can interact with Cryptosat's low earth orbit (LEO) satellites in space.

Trusted setups are a cornerstone of cryptography, providing proof that there has been no tampering during the critical initialization process. For example, trusted setups bootstrap popular SNARK schemes, whose security is dependent upon the point of conception. Space-based trusted setup eliminates the possibility of physical hack or network intrusion, making near earth orbit a new battleground in the quest for bulletproof cryptography.

Using its own satellites built from the ground up, Cryptosat can guarantee that no third party has interfered with the compute environment prior to its being launched into orbit. This provides a unique guarantee that not even nation-state actors can tamper with the operations that are carried aboard the satellite.

About Cryptosat

Cryptosat builds and launches satellites that power blockchain and cryptographic protocols. Satellites are physically inaccessible and can serve as the most secure root-of-trust that guarantees the confidentiality and integrity of sensitive computations and data. Such tamper-proof satellites can serve numerous use-cases including transaction signing, trusted setups for cryptographic schemes, a randomness oracle, time-oracle (VDF) and more.

Founded by Stanford PhD alumni and second time founders Yonatan Winetraub and Yan Michalevsky, Cryptosat's team have a background in aerospace engineering, applied security, and cryptography. In 2018, they published the SpaceTEE paper that first introduced the idea of using small satellites for protecting sensitive cryptographic operations and protocols. In May 2022, their first satellite, Crypto1, was launched into orbit. In March 2022, the team completed an experiment onboard the International Space Station.

To learn more, visit
Cryptosat's website
(https://cryptosat.io/)
and subscribe to the
Cryptosat Medium publication

Media Contact:

Kim Bazak, MarketAcross
Kim@MarketAcross.com

SOURCE: Cryptosat



View source version on accesswire.com:
https://www.accesswire.com/734322/Cryptosat-Launches-Second-Crypto-Satellite-Aboard-SpaceX-Falcon-9