Sirin Labs: "We are not with IOTA". Finney Phone relies on Ethereum now


Sirin Labs, the company behind the development of the Finney telephone, could have changed its plans, abandoning the IOTA in favor of the adoption of Ethereum for its blockchain phone.

From his announcement, all the news was that Sirin Labs would be working closely with IOTA to develop his phone. The attention of the Internet network of Things has kept the community looking for the latest updates of this promising partnership.

However, according to ETHNews reports, Moshe Hogeg, CEO of Sirin Labs, told them that the two projects went separately:

"We are not with iota, we focused and we decided to follow a different way. "

It seems that now the Sirin Labs team will focus on developing a private network based on Ethereum:

"At launch, we will use the blockchain … FINNEY will elaborate through a series of complete nodes hosted at Sirin Labs . "

This move is somewhat surprising for those who followed the project closely, and although they did not elaborate on why they made this decision, it could be due to the lack of maturity of the IOTA project.

Rendered images of the phone Finney / Courtesy Sirin Labs

It should be noted that agreements Regarding the information published by Mr. Hogeg, it is very likely that the Finney Phone will be released in November 2018, so it is essential to have a solid blockchain to ensure the success of the project.

The Sirin Labs team emphasizes with emphasis that the use of the Ethereum network is a temporary solution. The medium and long-term vision is to adopt a third-generation blockchain on which you can reliably execute your token in terms of scalability, speed and security.

To achieve these goals, they evaluated different options, including IOTA and Cardano; however, the team's prospects seem to indicate the development of a native blockchain as the ultimate solution.

The ecosystem designed by Sirin Labs / Courtesy: Sirin Labs

Finney's phone will cost about $ 1,000 and can be pre-ordered through the official Sirin Labs website.

It will have a Qualcomm® Snapdragon ™ 845 processor, which means it will have the best mobile processor available on the market and the best graphics chip. Its 128 GB of expandable memory at 2 TB through slots and 6 GB of RAM make it an important competitor in the high-end mobile phones of 2018.

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