The Samsung Blockchain KeyStore wallet is expected to act as a “secure and convenient place for your cryptocurrency” as well as allowing users to have full control over their private keys and crypto funds.
In some of the latest Samsung news, the South Korean mobile phone manufacturer giant has once again surprised the crypto community. In new Galaxy S10 live images leak, there is an indication that there is going to be a ‘Samsung Blockchain KeyStore’ for the new phone. The next generation smartphone is getting ready to be announced but on Twitter, one user showed an image of the device along with the blockchain news.
At the end of last year, the South Korean firm announced its plans to launch a blockchain smartphone. Samsung has confirmed that they would be announcing the Galaxy S10 on 20th February at the yearly Samsung Unpacked event. Even though the smartphone hasn’t been officially released to the public, there are several features of the next-gen smartphone that are known. A good example is the screenshots from the above Twitter user.
The main feature of the new smartphone that interests us is the Samsung Blockchain KeyStore which looks to be a blockchain wallet. The wallet will be able to act as a “secure and convenient place for your cryptocurrency” as well as allowing users to have complete control over their private keys and crypto funds.
The way the system works is through the blockchain. The cryptocurrencies that are currently supported by Samsung are limited but you’ve got to start somewhere. When we say that the cryptocurrencies are limited, we mean limited. As you can see from the above tweet by @VentaGeskin1, Ethereum is the only cryptocurrency that is supported.
But the leading cryptocurrency, Bitcoin is nowhere to be seen. However, Bitcoin is suggested to be in the iconography of the system. According to CoinSpeaker, Samsung’s Blockchain Wallet is expected to see support for Bitcoin Cash and Ethereum-derived token ERC20 at launch.
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