They went crazy: they sent a wallet with 600 Bitcoins into space

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When you are the highest-rated cryptocurrency on the market Many things can happen, from anecdotes and positive performance, through the achievement of records to curious events such as the one that occurred almost a decade ago, when Bitcoin has arrived in space.

Just like it reads. The crypto asset was the protagonist of one of the most unique milestones in BTC's history. The company Genesis MiningInspired by how the rise in the price of this virtual asset was reported on the internet, she devised a way to recreate the valuation that Bitcoin had been gaining, and that was to launch it into outer space.

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The experience that can be seen on video on the networks or through various web pages, recreates in good faith, the positive characteristics of the Bitcoin project, where the search for the inclusion and financial freedom They go hand in hand with the existence of a decentralized cryptographic system, which does not require a central bank or single administrator and has universal reach.

The takeoff

In 2016, Bitcoin hit the sky, and not figuratively, but cloud mining company Genesis Mining, sent a wallet with 600 Bitcoins into space to symbolize the universal character of this crypto. 

The feat of taking a cryptocurrency off Earth for the first time was undertaken using a weather balloon. The successful operation left lessons and meanings that transcend the experience, because, first and foremost, it made history, entering the annals of space travel. the exit from the land of a wallet with BTC.

The experience set records and left the record of several first times, because in addition to being the first time that crypto reached space, it was also possible to carry out the first peer-to-peer financial transaction in the cosmos.

In detail, the cloud mining company's team launched their weather balloon with a 3D printed bitcoin and a Bitcoin wallet from the town of Sheffield in England.

Although the balloon was originally planned to travel 20 km, to surpass the Armstrong limit, which is nothing other than “the altitude above which humans cannot survive without a pressure suit,” The company sent a first Bitcoin to the wallet when it reached that height and then decided to continue ascending until it reached 34 kilometers and that was when it sent the second coin.

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According to the company's reviews, to achieve this goal, they worked with the company SentIntoSpace, which is dedicated to launching objects into space in a controlled manner. With the help of a helium balloon, they crossed all the layers of the atmosphere that put Bitcoin into space.

Bitcoin and space

Following the feat of Genesis Mining and Bitcoin in space, various companies have tried to replicate the sending cryptos into space, some successfully, but others failed to achieve the objective.

In 2019, Space Chain, a startup dedicated to building the first open-source blockchain-based satellite network, sent a Bitcoin wallet to the International Space Station (ISS) to measure the feasibility of receiving, authorizing, and retransmitting blockchain-based transactions, creating multi-signature transactions.

Last year, one of the most ambitious programs related to cryptocurrencies and space was executed. It was the launch of the Vulcan Centaur rocket and the Peregrine spacecraft, which successfully undocked, but a fuel leak ultimately prevented this lander from reaching the moon.

The aircraft was carrying cargo from the cryptocurrency exchange platform BitMex and Bitcoin MagazineIt was a physical Bitcoin engraved with a private encryption key. It also included a gold-plated DOGE coin.

Finally, one of the incursions that keeps the attention of the space and crypto industry captured is the alliance of the company SpaceX, Elon Musk's company, with the Hedera Hashgraph's native cryptocurrency, HBAR, as both together with WISeKey, a Swiss cybersecurity firm, are preparing to launch a satellite.

This mission could be the beginning of what will be the future of crypto trading. According to the space company, the satellite will process cryptocurrency transactions in orbit, “laying the groundwork for a futuristic payments network where financial transactions can occur between satellites.”

The intention of the project is to redefine global trade, extending its reach beyond the Earth, which will strengthen the intersection between blockchain and space innovation.