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The Samsung Blockchain KeyStore Wallet is a "safe and convenient place for your cryptocurrency" and allows users to fully control their private keys and cryptocurrencies.
The picture reveals the new Samsung Galaxy S10 with KeyStore wallet
The latest news from Samsung, the South Korean manufacturer of mobile phones, inspire the cryptographic community: the company presents its new smartphone Samsung Galaxy S10 of the last generation. On Twitter, concept designer Ben Geskin shows the image of the device.
Users can import their portfolios and use biometric authentication to enhance security.
Previous revelations have shown that Samsung's crypto-currency portfolio allowed both hot and cold storage on the same device, despite the technology giant's rejection of rumors last December. They claimed that the company had launched a Cold Krypto portfolio for the Galaxy S10.
However, Samsung had already made it clear last July that it had focused on the field of cryptocurrency. In a blog post, it was found that smartphones are the safest devices for storing cryptocurrency.
The blockchain of the system works with crypto-currencies that Samsung has decided to support. For the moment, this remains limited. The images show that the Blockchain KeyStore currently lists only Ethereum as cryptocurrency support.
Also bitcoin, the number one digital currency, bitcoin sharing is also proposed in the system iconography. According to SamMobile's report, Samsung's blockchain portfolio should also support ERC20 tokens generated by Bitcoin Cash and Ethereum at launch.
Smartphone offers optimal protection for the wallet
According to some information, Samsung would not have access to Blockchain KeyStore application data, which could constitute a very cold wallet. The main way to recover your data is to use recovery sentences of 12 to 24 words. The application is related to biometrics and security in the device settings and also has a second level of authentication, which includes a PIN code and a fingerprint.
The user can set the private key and authenticate via biometric options such as the fingerprint reader on the screen, PIN code, pbadword, and so on. Such a feature will bring security and protection.
The HTC Exodus 1 is now available only with crypto-currency. It is an encrypted Blockchain phone offering easy access to secure distributed applications (dApps).
Other cryptographic companies include Opera, which hides behind a popular Android browser, which now includes an integrated cryptographic portfolio.
Sources: Cryptoglobe
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