Cryptosat launches second satellite with 30 times faster computation

Quick Take

  • The second low Earth orbit satellite launched by Cryptosat features 30 times more computational power than the first satellite the company launched in May last year.

Cryposat has launched the second of its isolated computational environments in low Earth orbit. 

The CubeSat named Crypto2, a small satellite no larger than a mug, was among the contents of a payload onboard a SpaceX Falcon 9 flight launched today, said Cryptosat.

Crypto2 boasts 30 times more computational power than the company’s first satellite, Crypto1, which launched in May 2022.

Cryptosat aims to improve cryptographic security for sensitive operations by isolating computational environments in orbit where they cannot be so easily targeted.

The company raised $3 million in seed funding last November with support from investors such as FileCoin, Inflection, GoAhead Ventures, DoraHacks, and Phala Network founders.

(Corrects list of investors who suppored seed funding round in last paragraph.)

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.