DOGE vs BTC: Elon Musk declares crypto ‘space race’ with BitMEX has begun

A 21st-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 announced 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 fall 2020.

Noting that the mission goals to be the primary occasion through which “a non-public firm main a coalition of presidency, academia, business, and worldwide companions reaches the lunar floor,” 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 towards Canine Cash, we felt it was solely proper to assist 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 among its first rockets to the moon, asserting that DOGE would change into the primary cryptocurrency to succeed in lunar orbit subsequent yr.

Elon Musk responded to BitMEX’s newfound astronomic ambitions on Twitter, proclaiming: “A brand new area 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.

Whereas few initiatives exploring the utility of building 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 the usage of 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 structure” 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 workforce plans to show the idea with a launch this yr earlier than sending a whole constellation of CryptoSats into orbit afterward.

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