Tech 14 December 2018

Erik Gibbs

Samsung moves deeper into blockchain, adds crypto wallet to S10

Tech giant Samsung is no stranger to innovation. It has always been on the front lines and has developed, among other products, the world’s most popular brand of cell phones. When blockchain technology was starting to emerge, it also grabbed hold, eventually launching the Nexfinance platform to provide a blockchain solution for digital identities, insurance payments and virtual assistants. Now, it has stepped even deeper into the space and is going to include a cold cryptocurrency wallet with its upcoming S10 smartphone. 

As revealed by SamMobile, a website dedicated to everything Samsung, the company had sought trademarks with the European Intellectual Property Office for a number of blockchain-related terms, including “Blockchain Keystore,” “Blockchain Core” and “Blockchain key box.” From there, the site did a little more sleuthing and uncovered the closely-guarded secret of the crypto wallet-enabled S10.

According to SamMobile, “Samsung’s cryptocurrency service will essentially have two parts. A cold wallet for saving cryptocurrency, public and private keys as well as signing private keys for cryptocurrency transactions and a crypto wallet for transfers, viewing account information and transaction history. Names for Samsung’s cold wallet and crypto wallet have not yet been finalized.”

From launch, the phone will support Bitcoin Core (BTC), Ether (ETH) and Bitcoin BCH. However, support for additional currencies will more than likely be added in the near future. As with most wallets, the account associated with the wallet will be stored on the blockchain with only the user having access.

The cold wallet, the Samsung Bitcoin application, will include an additional layer of security above that incorporated into the phone. Authentication will be required to access the device and then to access the wallet. So far, all that is known about the security is that fingerprint biometrics and a PIN will be incorporated.

This isn’t the first time a crypto-based wallet has been introduced – HTC has its Exodus 1 and Sirin Labs has the Finney. However, they will face some stiff competition from Samsung, which has a solid reputation in the smartphone industry. No word has been given about the phone’s price, but it will almost definitely be competitive with the $999 price tag of the Finney. 

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

COMMENT

Jeabope

Propecia Dutasterida cialis cheapest online prices Cialis E Favismo Amoxicillin For Swollen Glands Zithromax 250 bayer brand name levitra Viagra Professional Online Canine Antibiotic Dosage Amoxicillin Xenical Son Prix

Your comment is awaiting moderation.

XXX Porn

I appreciated perusing your articles on 3 week diet. This is really an incredible read for me to 3 week diet. Really Your website is very attractive and neat. I am also passionate writer. I have been works at more than five years. Here we specially provide academic 3 week diet solution for our student. You may visit our site. Thanks!

Your comment is awaiting moderation.

Jeabope

Buy Zofran From Mexican Pharmacy Viagra Online Apotheke Canada Celebrex 200 Mg Online Pharmacy why is levitra so expensive Viagra Online Empfehlung Order Proscar For Hair Loss Azithromycin Vs Amoxicillin Children’S Ear Infection viagra online prescription Vermox

Your comment is awaiting moderation.

Add a Comment

latest news

WWF monitoring food products via blockchain

Tech 4 hours ago

WWF monitoring food products via blockchain

World Wildlife Fund (WWF) Australia seeks to promote environmentally sound practices by the monitoring of food products with blockchain.

Read More
IBM blockchain to track mineral production and distribution

Tech 5 hours ago

IBM blockchain to track mineral production and distribution

Vancouver-based MineHub Technologies will be tracking mineral concentrates from production to delivery with the IBM Blockchain Platform.

Read More
Fake movie on Pirate Bay injects malicious code to steal crypto: report

Tech 16 January 2019

Fake movie on Pirate Bay injects malicious code to steal crypto: report

A fake movie file on The Pirate Bay torrent tracker is infecting computers and stealing cryptocurrency, in the latest example of cryptocurrency-based malware to sweep through online communities.

Read More