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The nascent cryptocurrency market is distinct from trade, payments, and business with only a few other implementations. However, the smartphone market is apparently eye-catching, as Israel-based Sirin Labs announced a cryptocurrency-powered phone on July 11, 2018.
The "Finney"
called "Finney", in tribute to the Bitcoin evangelist Hal Finney, the latest Sirin Labs phone is priced at $ 1,000 and boasts powerful computer software and unparalleled privacy.
The company has already launched the private Solarin phone with a heavy tag of $ 14,000. Needless to say, sales have missed the expectations of the company and have not impressed the critics of smartphones.
However, Sirin Labs took over the Solarin debacle and worked to create a "mass market provider". wallet device.
To bring the price down to $ 1,000, Finney is manufactured by Foxconn, the Taiwan-based hardware company behind Apple, Nokia, BlackBerry and Xiaomi.
Key Features
as a phone for the "era of the blockchain", the Finney features a material that is reminiscent of Solarin, but it is there that stops the similarity .
Finney has a secondary display called "Safe Screen" intended to facilitate cryptocurrency transactions. Sirin Labs claims to have deployed dedicated software to ensure the correct destination address before a user sends funds. The phone also comes with a "slider", which activates a cold storage wallet containing several different cryptocurrencies.
As for the software specifications, Finney runs an improved version of Android – mainly with better security features given the sensitivity of a cryptocurrency transport device – and runs on 6GB of RAM with a Snapdragon 845 processor. Users can also access a single blockchain application store to update existing applications and install new ones.
In addition to the wallet and the application store, Finney offers a token conversion service (TCS). smartphone class. The TCS is primarily an intermediary for cryptocurrencies and can instantly convert SRN, Sirin's native tokens, to any other supported digital asset.
Amit Krelman, Head of Research at Sirin, explains:
"Rather than standing up rain, buying tokens to rent a car, TCS will handle everything for you, automatically." But it was less clear on how the system would handle long transaction times and processing fees, a problem that regularly plagues Bitcoin users. "
Interestingly, Finney can only be purchased with SRN tokens While members of the broader cryptocurrency community may still express flight concerns, Sirin CMO's Nimrod May contends that the phone is not meant to replace cold storage wallets. completely. Instead, he believes that users must transfer their required expenses for the day on the phone before going out only to move with all their funds.
Although no measure of user demand is available at the time of writing, Sirin Lab raised nearly $ 158 million in December 2017 via an Initial Initial Offering (ICO) [19659009ThecompanyhashiredArgentinefootballerLionelMessitopromoteitssmartphoneofferingwhichcouldcontributetobetterbusinessfiguresthanSolarin
Finney November 2018, with a first release in New York, London and Tokyo.
Cover photo by Denys Nevozhai on Unsplash
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