The Galaxy S10 is Samsung's latest and greatest device, boasting an all-new display that avoids the dreaded notch by floating a camera cutout on the top-right corner of the display instead. Beyond aesthetics, however, it appears Samsung future-proofed the device in other aspects, as well.
With the Galaxy S10 family of phones, Samsung becomes one of the first major phone manufacturers to release a device with a built-in cryptocurrency wallet. This wallet should let users store bitcoin, Ethereum, and a beauty-related cryptocurrency called Cosmo Coin. It's a cold-storage wallet, too, which means it's not connected to the internet.
Galaxy S10 Cryptocurrency And Security
Also, Samsung Knox, the company's proprietary defense platform, will enable the Galaxy S10 to have secure private key storage specifically made for blockchain-enabled mobile services.
"Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services," wrote Samsung.
What's more, the Galaxy S10 comes equipped with an Application Processor, also called AP, Exynos 9820 that Samsung itself developed. The chip also has PUF, physically unclonable function for short, which is a semiconductor-based cryptographic key management technology. Which is all to say the Galaxy S10 has plenty of security features to store private keys safely.
The phone also supports decentralized apps, or Dapps. Currently, the only app of this nature is Cosmee, which lets users earn Cosmo tokens in exchange for leaving beauty product reviews in the app.
Samsung has also announced support for another cryptocurrency called Enjin Coin, which is based on Ethereum and used mainly by gamers. The company also said that it will add support for contactless payments using cryptocurrency.
With this, Samsung is one of the only few companies who have made blockchain-related smartphones. Because of its position in the market, there's a chance other companies will eventually consider participating in the blockchain game.
While it's technically possible to turn any Android phone into a cryptocurrency wallet, that wallet can only support ether at the moment, although more will be added later. As support for blockchain increases, the likelihood of blockchain-related phones coming out in the next few years also rises. Samsung joining the bandwagon means that future is off to a great start.
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