It's hot issue. Samsung GalaxyS10 series have been released. New Samsung GalaxyS10 series have been released. The new products is in the spotlight.
All models except the light version are equipped with blockchain keystore.
A spill happened again this year. Every year, leaks are repeated, and many people see it as a marketing failure. Definitely, mysticism was a failure.
Smartphone battle that started earlier than expected. The war, which began around the spring of every year, has moved a little forward with the advent of unexpected manufacturers this year. Thats LG Q9.
Samsung also responded to launch of A9PRO, but LGQ9 had relatively high performance in the market due to its superior specifications and low price.
Samsung A9P removes Samsung Pay, waterproof dustproofing, and the CPU is Snapdragon 710, the price is 590,000won(about$522). But LGQ9 is 490,000won(about$422), equipped with waterproof dustproofing, LG Pay, and CPU is Snapdragon 821.
Samsung has been struggling with the smartphone business since 2018. The market share has been gradually reduced by rapidly growing Chinese manufacturers since the 2010s. Such as Huawei, Xiaomi, Opo, and Vivo are using lower-priced weapons than their specifications.
Samsung Electronics held 'Samsung Galaxy Unpack 2019' at the Bill Graham Civic Auditorium in San Francisco on February 20(local time) and released Galaxy S10. "Samsung Block Chain-based Mobile Service(DApp) is built in to keep private keys that are needed when using it.“
The blockchain keystore is implemented in Samsung's own mobile security program, Knox.
Bill Graham Civic Auditorium
It has a large capacity and is close to Cupertino(Apple’s base place), the center of Silicon Valley. The Apple1 and iPhone6 series were also announced here. I think it's a meaningful to choose the same place.
The security option is fingerprint recognition algorithm, which is built into the display of Suprema. Qualcomm provides sensors, and Suprema provides algorithms. The battery capacity has increased and the charge time has decreased.
This model, especially the Galaxy Foldable Phone(GalaxyX), celebrates the 10th anniversary of Samsung Electronics' S series, and to be the hidden card designed to recover from a slump in 2018.
Apple has made many changes on its 10th anniversary iPhone, such as Full Vision Display and Face ID security options.
The fact that users can store the private key used for various types of Dapps in a keystore, a blockchain within a smartphone, rather than in a separate cold walllet, will help spread the diverse Dapp.
With the launch of the GalaxyS10, the company is raising expectations in that it will be able to store private keys on its smartphone, including the exchange of crypto between individuals and smart contacts.
February 24(local time), "If Samsung's GalaxyS10 is supported with a crypto wallet, it will be a positive factor that exceeds the influence of the Bitcoin Listing Index Fund (ETF;Exchange Traded Fund) and the Digital Asset Exchange (Bakkt) for institutional investors." said Joseph Young, an famous analyst for crypto.
At the Samsung Mobile Business Summit session of Mobile World Congress(MWC) 2019 held in Barcelona, Spain, Samsung Electronics introduced the crypto wallet and Dapp that will be supported by GalaxyS10.
According to Samsung Electronics, the GalaxyS10 supports 4 cryptos- Bitcoin(BTC), Etherrium(ETH), COSM and Enginecoin(ENJ) and will be equipped with Dapp- 'Enginewallet'(cryptowallet) made by Game Development Project Engine, and shared information service called 'Cosmee'.
'Enginewallet' can store ERC-20 tokens based on ethreum and ERC-1155 tokens, so the types of crypto supported by the GalaxyS10 are expected to increase in the future.
With the announcement of Samsung Electronics' block-chain partners, the price of engine coins jumped by more than 80%. This is evidence of high interest.
Last year, the Engine developed a game that pays engine coins with game item trading exchange and compensation system, and formed partnerships with a number of game developers to establish a blockchain game ecosystem.
Cosmee is based on Cosmochain, and users who leave beauty-related reviews are rewarded with self-crypto COSM. It has achieved 300,000accumulated downloads during the three-month pilot period since its launch in August last year, and is considered successful in commercialization. It is planning to officially release it in first quarter of this year.
Before pre-sale, I read the reporter's article that experienced the device(offline pre Experience store), I don't think you've been able to verify the functions because you don't have a certified ID.
In fact, I used to think that Android phones were crypto-friendly compared to iPhones. Upbit of dunamu, one of Korea's major exchanges, is limited in crypto that can be used with iPhones.Regulations are more severe in KOREA, it's ironic.
I searched for a reviews of the support function related to crypto It's a community review. It’s don't have a formal release yet. The release date is March 8. This is the review from the pre-sales buyer. As of March 3, only the ethreum service is being supported.
As I mentioned earlier, Samsung also planning to add other crypto related services, and Cosmee will be released in Q1.
GalaxyS10 series also support physical replication-proof 'PUF' (Physical Unclutable Function) to enhance data security essential to IoT products. 'PUF' security system is much more powerful than the one-time password (OTP).
"The crypto wallet on the GalaxyS10 is much more secure and manageable than the other crypto wallet," said blockchain expert.
You can also use 'crypto transfer' in GalaxyS10. With QR code scanning, you can easily transfer the crypto and choose a fee. Publicly released video shows you trading ETH, like traditional mobile banking apps.
In addition, you can check the asset value of the crypto and also purchase the crypto through credit card or exchange it between the crypto.
Financial instruments, derivatives, and loan services are also will added. Blockchain industry expects that Samsung's blockchain will change the game for the FinTech market for this reason. It's not the first cell phone to support crypto service.
HTC,Sirin Labs also released their mobile phones using blockchain, but they failed to bring Samsung's distribution in terms of recognition. It's the same from a technical point of view.
ZDnet, (Wehome CEO) sangoo Jo’s column ‘For Samsung, the block chain is a blessing from God.’
Samsung Electronics is going to install the crypto wallet on its next-generation strategic Smartphone called GalaxyS10. This news is heating up the blockchain industry. Because it seems that this can be a turning point in popularizing blockchain and crypto.
The reason why GAFA (Google.Amazon.Facebook.Apple) are worry of block chains?
The application of blockchain based on decentralization from the perspective of establishing their own intranet as an Internet major company, can cause system conflict.
Although Samsung is a leading IT company, it has been struggling in the field of Internet services. They had a huge number of users who used Samsung smartphones, but failed to make good use of them.
For Samsung, blockchain is considered a blessing from God, for three reasons.
First, blockchain does not have to worry about carnivaljzation in existing projects. The reason why GAFA(Google.Amazon.Facebook.Apple) cannot be active in blockchain is because it may disrupt its core business(Internet service). On the other hand, Samsung can aggressively push ahead with the blockchain project.
Second and third, smart phones are the best devices to realize the decentralization pursued by the blockchain, and Samsung has strong leadership in this area. Samsung can become the top company in the era of blockchain just by connecting its smartphones well. However, Samsung must embrace the philosophy of the block chain in order to become a clear winner.
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