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Samsung+and+HTC+Extending+Cryptocurrency+and+Blockchain+Supporting+Functions+to+their+Smartphones

Samsung and HTC Extending Cryptocurrency and Blockchain Supporting Functions to their Smartphones

 

Samsung is looking forward to extending cryptocurrency and blockchain supporting features to its range of Galaxy smartphones. 

As reported by Business Korea, Chae Won-cheol, senior managing director of the Product Strategy Team at Samsung Electronics’ Wireless Business Division, said: 

“We will lower barriers to new experiences by gradually expanding the number of Galaxy models that support blockchain functions. We will also expand our service target countries after Korea, the United States and Canada.” 

As reported by CoinMarketFeed, Samsung Galaxy S10 was equipped with a cryptocurrency wallet—the Samsung Blockchain Wallet—to store coins and public and private keys. The wallet currently supports ether and Ethereum-based ERC-20 tokens. 

Beside developing crypto and blockchain functions its range of Galaxy smartphones, Won-cheol expressed that the organization is determined to boost security and convenience through the guide of “blockchain-based identification and local currencies by partnering with telecom operators.” 

HTC has just revealed the latest blockchain functionality for its Exodus 1.  

The new flagship smartphone from HTC allows crypto enthusiasts to swap 60+ major ERC20 tokens including Kyber Network (KNC), Basic Attention Token (BAT) and stablecoin DAI directly on the phone. 

The Exodus 1 is built on web 3.0 blockchain phone. The new flagship smartphone allows users to perform cryptocurrency transactions, manage wallets, and maintain ownership of their private keys. The smartphone allows transactions of Bitcoin, Ethereum, Litecoin, selected ERC20 and ERC-721 tokens, which includes Kyber Network (KNC), Basic Attention Token (BAT) and stablecoin DAI. They can also access decentralized application on the smartphone via the Opera crypto browser. The smartphone has a built-in wallet which is integrated with Kyber Network’s liquidity protocol 

According to HTC’s decentralized chief officer Phil Chen, 

“The Bitcoin blockchain is about 200 [gigabytes], and it’s growing about 60 gigs per year. And those numbers are reasonable to hold on a smartphone. Imagine the iPod with 256 gigs … of course the music fan wants to keep the whole music library, but the crypto fan wants to keep the whole Bitcoin blockchain.” 

Continuing further, Chen says, 

“Full nodes are the most important ingredient in the resilience of the Bitcoin network, and we have lowered the barrier to entry for any person to run a node … participating in a global Bitcoin network that propagates transactions and blocks everywhere.”