Elon Musk announced that the crypto “space race” with BitMEX has begun

It seems that a 21st century space race is brewing between Elon Musk and BitMEX, and both parties promise to launch their respective cryptocurrencies to the moon first.

On June 4, the popular crypto derivatives exchange BitMEX Announce It will support the space robotics company Astrobotic Technology in its mission to send its first commercial lander to the moon in the fourth quarter of 2020.

Noting that this mission is intended to be the first instance of “leading a private company from government, academia, industry, and international partner alliances to reach the surface of the moon,” BitMEX plans to achieve this goal by providing a unique opportunity. Send physical bitcoins to the surface of the moon. Referencing Musk as “the protagonist of Dogecoin”, BitMEX added:

“We are not against Dog Money, we think it is right to help Bitcoin get there in the first place.”

Before the announcement, Elon Musk announced in early May that SpaceX planned to launch a Dogecoin-funded payload on one of its first moon landing rockets, and claimed that DOGE will become next year. The first cryptocurrency to enter the moon’s orbit.

Elon Musk Responded To BitMEX’s newly discovered astronomical ambitions on Twitter, it declared: “A new space race has begun!”

Although the response to Elon’s tweet was mainly that his followers demanded that DOGE win the crypto space race, others pointed out that there is a more pressing issue on Earth than whether the cryptocurrency chosen by one person is the first to enter the orbit of another celestial body.

Although few projects that explore the utility of building crypto infrastructure from space can attract mainstream imagination like Musk’s Dogecoin expedition, Tesla’s CEO’s plan to bring cryptocurrency out of this world is not the first. A.

Blockstream seems to be the first pioneer to use encrypted satellites, launching satellites to Broadcast Bitcoin transactions from space August 2017.

In August 2020, Robonomics and Kusama announced an ambitious plan to develop Relay data between Mars and Earth Use Kusama network.

In its November 2017 white paper, CryptoSat outlined the concepts behind its ambitious plan to launch a coffee cup-sized nanosatellite into space as a Isolated encryption module From orbit. The team plans to demonstrate this concept through this year’s launch before putting the entire CryptoSats constellation into orbit this year.

Spacechain was also launched in 2017 and has successfully deployed nodes in orbit. On June 3, 2021, the project Announce The multiple Ethereum payloads scheduled to be installed on the International Space Station were launched by SpaceX rockets.