Samsung Galaxy S10 Features Built-in Crypto Support
Today we have fantastic news to share concerning the Samsung Galaxy S10 and how it features built-in Cryptocurrency Support. Now there has been a lot of discussion on this topic. In the past, we’ve even filmed several videos on this topic, debunking the cold rumor storage, and then unveiling photos of Samsung’s Blockchain Keystore, an application designed to securely and conveniently allow Samsung users to store their cryptocurrencies. If you want to check out these videos, the links are just here:
Now, onto today’s news. According to CCN, Samsung, the South Korean electronics giant revealed their Samsung Galaxy S10 just yesterday on Wednesday.
Cryptocurrency enthusiasts were keen to see whether the S10 has an integrated cryptocurrency wallet. Now, according to their press release, Samsung has confirmed that they do indeed have a feature designed to house an individuals’ private keys.
According to the press release, in regards to security features, “the Galaxy S10 is built with defence-grade Samsung Knox, as well as secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.”
Any additional information concerning the Samsung Knox was not immediately available, and that was the only mention of the term blockchain in the press release.
CCN stated that Developers are however able to use this feature in creating a hardware wallet via software. Therefore anyone who owns an S10 will therefore essentially have a hardware wallet.
A few more questions that were floating around the internet concerning the device was whether it would have a full-scale wallet that is developed by Samsung (as seen in the previous rumours we mentioned earlier), or is it a situation where there is support for private key storage where developers can then use to produce their own secure Bitcoin wallets further. There isn’t so much information on this topic released from Samsung.
Now CCN also noted that the Galaxy S10 is looking to feature an Exynos 9820 Chip with PUF Technology. Han Ho-Hyeon, an IT Expert, noted that this chip would be an ideal processor for a native cryptocurrency wallet. “PUF Technology has been added to the Exynos 9820 revealed by Samsung Electronic last year, and if the Galaxy S10 features a blockchain-based Crypto Wallet, the probability of Samsung Electronics utilizing the PUF is very high.” Furthermore, the use of the PUF would also boost private key security over the current third-party mobile crypto wallet.
So what are my thoughts on all this?
Well, why there isn’t too much information on Samsung Galaxy S10’s Samsung Knox and the housing for private keys for blockchain-enabled mobile services, BUT now, we can know for sure that Samsung has added built-in Bitcoin capabilities to not just any product, but their flagship product. Other mobile providers have added crypto-capabilities like HTC’s Exodus 1 and Sirin Lab’s Finney, but Samsung is a much larger company operating at a different league. Unlike HTC and Sirin Labs, they are the company to see with the most extensive distribution of smartphones, and will, therefore, introduce a lot more people to the crypto and blockchain world. I’m hoping that this step forward, will push other mobile providers like Apple and Google, to look to the future and provide phones that also integrate crypto-friendly features. Samsung’s move, not only exposes more people to the bitcoin and blockchain industry, but it also adds additional legitimacy to the crypto and blockchain industry.
So what are your thoughts on this situation?
Do you think that it’s a positive sign for Samsung to be integrating crypto friendly features on their flagship product?
And do you think other large companies like Apple and Google will follow?
Let me know what you guys think in the comments below!
It’s Cindy with CryptoPig, Catch you guys around!
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.