The first cryptocurrency satellite is already in orbit. What does this SpaceX achievement provide?

The first cryptocurrency satellite is already in orbit.  What does this SpaceX achievement provide?

On May 25, SpaceX launched its Falcon 9 space rocket again as part of the fifth Transporter-5 mission with a total of 39 loads (including those belonging to NASA). This has been successfully completed, which is why the first cryptocurrency satellite called Crypto-1 is already in orbit and… that’s it. What exactly does it do?

Crypto-1 is the first cryptocurrency satellite

The Crypto-1 satellite is small. It measures as much as a cup and its design includes commonly available components on the market. It was designed by the American satellite startup Cryptosat and its task will be to enable the operation of secure blockchain and Web3 platforms.

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Crypto-1 was created to lay the foundations for secure blockchain-related cryptography in space. All thanks to the fact that it will be physically inaccessible in space and that it will allow open communication, no one will be able to manipulate the system, while anyone with an antenna will be able to listen to its broadcast.

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