Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Samsung confirms its commitment to cryptocurrency and blockchain technology with enhanced features in the flagship Galaxy S20 smartphone models.
South Korean technology giant Samsung recently unveiled its latest smartphone series, the Galaxy S20, at the Unpacked 2020 event in San Francisco.Â
While the headline feature is undoubtedly the new camera, according to the official marketing material the phone will also improve on the integrated blockchain security features introduced a year ago on the Galaxy S10.
Security is still a highlight
After copious details regarding the new camera, and briefly mentioning 5G, battery life and storage, Samsung highlights the new phonesâ security features. These build on the Knox platform, a defense-grade security solution which stores private keys in a secure isolated area.
âWe created a secure processor dedicated to protecting your PIN, password, pattern, and Blockchain Private Key. Combined with the Knox platform, security is infused into every part of your phone, from hardware to software. So private data stays private,â Samsung states.
From small acorns...
Following the unveiling of the Knox platform in the Galaxy S10 last February, Samsung further developed its mobile blockchain offering with the release of a software development kit in July 2019. This included a toolkit for the Samsung Blockchain Keystore, which holds usersâ private keys.
Later that month PundiX announced that it had integrated its XWallet app into Samsungâs blockchain ecosystem, allowing users to link the app to their Samsung Blockchain Wallet.
Samsung then added Bitcoin-support to its Blockchain Keystore, along with several other advances. Previously it had only officially supported Ethereum.
In September 2019, the company released an edition of the smartphone/tablet hybrid Galaxy Note 10 with cryptocurrency functionality.
Confirming commitment to blockchain
With the imminent release of the Galaxy S20, along with its big brothers the S20+ and S20 Ultra, Samsung is confirming its commitment to cryptocurrency and blockchain technology.
It also plans to roll-out its Knox platform beyond mobile devices, and into network connected devices like 5G and Internet of Things end points and equipment.
The Samsung Galaxy S20 will be available from March 6, in the United States, Australia and the United Arab Emirates, and from March 13 in the United Kingdom.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.