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Elon Musk Announces Crypto ‘Space Race’ With BitMEX Has Begun

The 21st century space race appears to be taking place between Elon Musk and BitMEX, with both pledging to launch their respective crypto to the real moon first.

On June 4, popular crypto derivatives exchange BitMEX announced that it will support space robot company Astrobotic Technology in its mission to send the first commercial landing to the moon in Q4 2020.

Noting that this mission is intended to be the first example of “A private company that brings governments, academia, industry and international partners to the lunar surface,” BitMEX plans to create this opportunity by offering a unique kind of physical Bitcoin to the lunar surface, citing Musk as “the protagonist. Dogecoin”

; BitMEX added:

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

The announcement follows Elon Musk’s early May news that SpaceX is planning to launch a Dogecoin-funded payload on one of the first rockets to the moon, confirming that DOGE will become the first digital currency. that will reach the moon’s orbit next year

Elon Musk responded to BitMEX’s newly discovered astronomical ambitions on Twitter, claiming: “A new space race has begun!”

Although most of Elon’s replies to tweets were of his followers preventing DOGE from winning the crypto space race, others have noted that there are more pressing problems on Earth than the crypto tokens that are being used by them. Choose to be the first to enter the orbit of another celestial body.

While some projects exploring the utility of building cryptographic infrastructure from space have captured mainstream imaginations, such as Musk’s exploration of Dogecoin, the Tesla CEO’s plan to bring cryptocurrency Leaving this world is not the first time.

Blockstream appears to be the first to pioneer the use of crypto satellites, launching a satellite to broadcast Bitcoin transactions from space in August 2017.

In August 2020, Robonomics and Kusama announced ambitious plans to develop “Interplanetary architecture” that can transmit information between Mars and Earth using the Kusama network.

CryptoSat outlined the ideas behind ambitious plans to launch a coffee mug-sized nano satellite into space in a white paper in November 2017. The satellite is slated to operate as a separate cryptographic module from orbit. The team plans to prove the concept with a launch this year before sending the entire CryptoSats constellation into orbit at a later date.

Spacechain was similarly launched in 2017 and has successfully deployed nodes in orbit. On June 3, 2021, the project announced the launch of a multisig Ethereum payload slated for deployment on the space station. International on a SpaceX rocket