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The Samsung technology giant is no stranger to innovation. It has always been at the forefront and has developed, among other products, the most famous mobile phone brand in the world. When blockchain technology was starting to emerge, it also took over the Nexfinance platform to provide a blockchain solution for digital identities, insurance payments and virtual assistants. Now, he has taken an even deeper step into space and will include a cold cryptocurrency portfolio with his upcoming S10 smartphone.
As revealed by SamMobile, a website dedicated to all that Samsung, the company had sought brands with the European Intellectual Property Office for a number of terms related to the blockchain, including "Blockchain Keystore", "Blockchain Core" and "Blockchain key box". there, the site did a little more investigation and discovered the closely guarded secret of the wallyplace-enabled S10.
According to SamMobile, "Samsung's cryptocurrency service will have essentially two parts: a cold wallet for saving cryptocurrency, public and private keys, as well as the signing of private keys for cryptocurrency transactions and a cryptographic portfolio for transfers, viewing account information and transaction history The names for the cold wallet and Samsung's encrypted portfolio have not yet been finalized. "
From the launch, the phone will support Bitcoin Core (BTC), Ether (ETH) and Bitcoin BCH. However, support for additional currencies will probably be added in the near future. As with most portfolios, the account associated with the portfolio will be archived on the blockchain with the user's access only.
The cold wallet, Samsung Bitcoin application, will include an additional level of security compared to the one embedded in the phone. Authentication will be required to access the device and then access the wallet. So far, all that is known about security is that biometric fingerprint data and a PIN will be incorporated.
This is not the first time a cryptographic portfolio has been introduced: HTC has its Exodus 1 and Sirin Labs has the Finney. However, they will face strong competition from Samsung, which has a strong reputation in the smartphone industry. No word has been given on the price of the phone, but it will almost certainly be competitive with Finney's $ 999 price.
