SpaceX to send a private key to a wallet with 62 bitcoins to the moon

The key will be applied to the lunar rover, which will land on the Earth’s satellite in the fourth quarter of this year

03.04.2023 - 11:30

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What’s new? In the fall of 2023, cryptocurrency company LunarCrush will send a private bitcoin wallet key with 62 BTC in its account (more than $1,75 million at the exchange rate on April 3) to the moon. The key will be delivered by a SpaceX rocket owned by Elon Musk and will be engraved on the lunar rover, Lunar Outpost. The LunarCrush initiative also aims to promote interplanetary exploration, with the finder of the private key receiving the full amount.

Press release

What else is known? It is claimed that the engraving process will be done in such a way that none of the team members will have access to it. The lunar rover will be delivered to the Earth’s satellite in the fourth quarter of 2023, the exact date has not yet been disclosed for security reasons.

To generate prize money, LunarCrush has been selling a collection of non-fungible tokens Nakamoto1 since March 28 at a price of $250. 25% of the funds raised will be used to fund the development of Bitcoin Core and related initiatives. The collection was developed in conjunction with the animation studio Golden Wolf and Hiro, a developer company in the field of Web 3.0.

On January 3, SpaceX launched Cryptosat’s crypto satellite into Earth’s orbit. The device was the second to be launched into space as a collaboration between the two companies. Thus, the Crypto1 satellite was put into orbit in May 2022. Crypto2 exceeds its predecessor in its computing capacity by 30 times.

In July 2022, Alessandro Cecere, product manager at Ledn, a crypto platform, connected a bitcoin satellite node that downloads blockchain directly from the Blockstream satellite network. With this technology, anyone can download the full node to their device without an Internet connection.

On January 13, 2022, Singapore-based SpaceChain launched a satellite with the Velas blockchain node into space. And in late 2021, the Russian aerospace corporation Novy Kosmos announced the creation of a constellation of satellites that will “solve problems in the field of blockchain networks.”

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