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SPACEX TO LAUNCH ‘DOGE-1 MISSION TO THE MOON’

SPACEX TO LAUNCH ‘DOGE-1 MISSION TO THE MOON’

Context

SpaceX to launch a satellite to the Moon  funded with the cryptocurrency Dogecoin.

Details

  • It is scheduled to be launched in the first quarter of 2022.
  • It will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce.
  • The dogecoin-funded mission is led by the Canadian company Geometric Energy Corporation (GEC).

About  Cryptocurrencies

  • It is a digital currency that permits transacting parties to remain anonymous while confirming the transaction is valid.
  • They are widely used as a means for money-laundering, tax evasion, terror funding and drug trafficking, and other illegal activities.
  • Some important cryptocurrencies: Bitcoins, Litecoin, Namecoin, Swiftcoin, Bytecoin, Gridcoin etc.

About SpaceX

  • It is an American aerospace manufacturer and space transportation services company.
  • SpaceX founder & CEO: Elon Musk.
  • SpaceX Founded: 2002.
  • SpaceX Headquarters: California, United States of America.

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