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Elon Musk declares crypto ‘space race’ with BitMEX has begun

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A Twenty first-century area race seems to be brewing between Elon Musk and BitMEX, with each events pledging to launch their respective crypto of option to the literal moon first.

On June 4, the favored crypto derivatives alternate BitMEX introduced it might be supporting area robotics agency, Astrobotic Expertise, within the firm’s mission to ship its first business lander to the moon throughout This autumn 2020.

Noting that the mission goals to be the primary occasion through which “a private company leading a coalition of government, academia, industry, and international partners reaches the lunar surface,” BitMEX plans to make the event by delivering a one-of-a-kind bodily Bitcoin to the moon’s floor. Referring to Musk as a “Dogecoin protagonist,” BitMEX added:

“We’ve nothing against Dog Money, we felt it was only right to help Bitcoin get there first.”

The announcement adopted Elon Musk’s early Could information that SpaceX is planning to launch a Dogecoin-funded payload on one in all its first rockets to the moon, asserting that DOGE would turn into the primary cryptocurrency to achieve lunar orbit subsequent yr.

Elon Musk responded to BitMEX’s newfound astronomic ambitions on Twitter, proclaiming: “A new space race has begun!”

Whereas replies to Elon’s tweet are largely his followers barracking for DOGE to win the crypto area race, others famous there are extra urgent issues on Earth than whether or not one’s crypto token of alternative is the primary to enter the orbit of one other celestial physique.

Can we care for the issues right here on Earth earlier than we thrust ourselves into area, whereas homeless folks sleep within the streets and the center class struggles to get by?
Wtf is mistaken with you? Go searching

— Dougzart (@Dougzart1) June 6, 2021

Whereas few tasks exploring the utility of creating crypto infrastructure from area have captured the mainstream creativeness like Musk’s Dogecoin expedition has, the Tesla CEO’s plans to take cryptocurrency out of this world are usually not the primary.

Blockstream seems to have been the primary in pioneering using crypto satellites, launching satellites to broadcast Bitcoin transactions from area in August 2017.

In August 2020, Robonomics and Kusama introduced an formidable plan to develop “an interplanetary architecture” able to relaying information between Mars and Earth utilizing the Kusama community.

CryptoSat outlined the idea behind its formidable plan to launch a nano-satellite the dimensions of a espresso mug into area in a November 2017 whitepaper, with the satellite tv for pc slated to function as an remoted cryptographic module from orbit. The group plans to show the idea with a launch this yr earlier than sending a whole constellation of CryptoSats into orbit in a while.

Spacechain equally launched in 2017, and has efficiently deployed nodes in orbit. On June 3, 2021, the challenge introduced its multisig Ethereum payload destined for set up on the Worldwide Area Station had been launched aboard a SpaceX rocket.

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