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Cryptosat: Ethereum KZG ceremony receives participation from an earth-orbiting satellite

Posted on by admin
04
Apr
  • Cryptosat is participating in the Ethereum KZG ceremony and is poised to add its entropic share to the Ethereum KZG Ceremony from an earth-orbiting satellite.
  • Cryptosat is one of the more than 80,000 participating in the event but Cryptosat’s involvement will mark the first time this has occurred from outer space.

In a new feat aimed at improving Ethereum’s security and scalability, Cryptosat is participating in the Ethereum KZG ceremony from outer space, through its satellite, Crypto2. This satellite launched early this year aboard the SpaceX Falcon 9 and is the successor to the first satellite launch of Crypto1. Crypto2 reportedly has 30x the computational power of its predecessor.

About 550 kilometers above the ground, the satellite orbits the earth every 90 minutes moving over the North and South poles. In supplying randomness to the KZG ceremony, the project assures that the susceptible information and private data on the blockchain are physically inaccessible and any malicious remote access is thwarted by the agencies actively monitoring the satellite. In addition, satellites can work anywhere meaning geopolitical boundaries don’t apply.

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During Cryptosat’s entropy commit, the public will be able to view progress in real time through a dedicated dashboard aboard the satellite. Viewers can track the satellite’s trajectory and the latest status of the entropy-generating process can be viewed here: http://kzg.cryptosat.io.

Cryptosat’s Verifiable Random Beacon service will feed entropy generated aboard its Crypto2 satellite into the contribution generated for the ceremony. A press release shared with CNF further notes that each beacon is signed by the satellite itself and is verifiable using Crypto2’s public key generated in space.

Cryptosat Co-Founder Yan Michalevsky stated:

Considering the prominence of Ethereum in the blockchain ecosystem, the significance of scaling the Ethereum blockchain cannot be understated. We’re absolutely thrilled that the Ethereum Foundation funded the execution of the KZG scheme using our satellite’s trusted setup ceremony.

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Seeing our technologies serve the world’s most expansive blockchain network is an important achievement for us, especially considering it’s been less than a year since the launch of our first satellite, Crypto1, into orbit.

The setup comes ahead of the Ethereum Shanghai upgrade for which the entropy by Crypto2 is generated. This highly anticipated upgrade is scheduled for April 12. Given the magnitude of the upgrade and larger Ethereum project, Cryptosat’s satellites which are built from the ground up guarantee no third party has interfered with the computing environment prior to its being launched into orbit. By doing so, not even nation-state actors can tamper with the operations that are carried out aboard the tamper-proof satellite.

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