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Samsung follows plan and maintains support for cryptocurrencies on new smartphones

Cryptocurrency

Samsung's new smartphone (Photo: Playback / Samsung)

Samsung has not abandoned the idea of ​​supporting cryptocurrencies and has retained the same storage resources as previous models in the recently launched Galaxy S20, S20 + and S20 Ultra smartphones, with launches scheduled for early March.

According to information on the Samsung website, the security system of the new smartphones in the line has a secure processor to protect the PIN, the default password and the private key Blockchain.

“Combined with the Knox platform, security covers all parts of the phone, from hardware to software. Therefore, private data remains private, ”says the product description.

Samsung started project in 2018

The process of including cryptocurrency support by Samsung started in 2018, when the company performed three trademark registrations within the European Union – ‘Blockchain KeyStore’, ‘Blockchain key box’ and ‘Blockchain Core’.

That year, Samsung seemed to be running at a loss, as by that time, HTC and Sirin Labs were already with their blockchain smartphones practically ready to be launched.

HTC took the lead and launched ‘Exodus 1’. Soon after, Sirin's 'Finney' came.

Samsung's blockchain smartphone only came in February last year, with the launch of the “Samsung Knox” on the S10.

The device came with the integration of four decentralized applications (DApp). The support, however, was just an Ethereum (ETH) wallet and ERC-20 tokens.

In 2019, the company finally added Bitcoin as a possibility for storage and transfer to the “Blockchain Keystore”, an app integrated with the Galaxy S10 and S10 + smartphones.

Samsung and blockchain

The South Korean giant has also been conducting new experiments in the blockchain market.

Last year, for example, in partnership with the State University of Amazonas, Samsung Brazil offered an application development course for blockchain in Manaus, Amazonas.

The initiative is part of a worldwide action by the company that encourages the development of solutions in mobile technology.

Among them, they include Blockchain, Artificial Intelligence, VR and AR Technology, Machine Learning and game development.

According to the company, the objective is to seek to supply part of the growing demand in Brazil for talent in the IT sector.


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