The crypto ecosystem is getting interesting by the day. Elon Musk has been very influential in the crypto world, and many believe his comments led to the downfall of BTC. It sounds like that was not the end of it. Recently, he has entered a race with BitMEX, on launching crypto into the literal moon.
BitMEX officially confirmed on Friday that it will be joining Astrobotic Technology, a space robotics firm, to ensure the first commercial lander to the moon in the last quarter of 2020.
This is the first situation where an individual private company takes the courage to hit the lunar surface. It has overtaken the government, academia, and the whole industry in general. BitMEX will participate by ensuring that BTC makes it to the moon’s surface. BitMEX commented that they have nothing against DogeCoin, only that they preferred Bitcoin to reach there first.
Elon Musk’s plan
Elon Musk announced in May his plan to launch a Dogecoin-funded payload to the moon through SpaceX in one of its first rockets. He plans to ensure Dogecoin becomes the first cryptocurrency in the space next year.
There was a battle on Twitter between Elon Musk and BitMEX on who will be the winner in the race between DOGE and BTC. From his Twitter, which is mostly his fans were advocating for Doge to win and be the first one to reach the crypto space. There are still many of his fans who felt that it was not a pressing need for now as we have other pressing needs to deal with.
Crypto in space
Crypto into space is a new trend that many seem to have embraced. It seems like it’s not only Musk’s idea of taking crypto infrastructure into space. In August 2017, Blockstream was the first one to use crypto satellites to use satellites in broadcasting bitcoin transactions from space. In mid-2020, there was a partnership between Robonomics and Kusama to build an interplanetary architecture that uses the Kusama network to relay data between Mars and Earth.
In November 2017, CryptoSat released a whitepaper with its plan to launch a Nano-satellite into space. The satellite was made to operate as an isolated cryptographic module. The proof of concept is set to happen this year.
Spacechain also did the same in 2017 and has been a success in deploying nodes in orbit. On 3rd June this year, it announced using multi-sig Ethereum for installing.