In the end-2018, an online community of Samsung claimed that the South Korean mobile maker is going to include built-in cryptocurrency wallet features in their upcoming offering, Galaxy S10. Earlier this year, the leaked images of Samsung’s flagship device, Galaxy S10 with crypto wallet also marked assurance that the device equips a secure blockchain private key management so-called a “Blockchain Keystore”.
And now on 20th February, Samsung finally unveiled their most anticipated smartphone which would have crypto wallet app. The wallet app includes 2 features: one for cold storage and another for hot storage of digital currencies and private keys.
Samsung stated in a press release:
Galaxy S10 is built with defence-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.
Galaxy S10 has a special feature that can charge other phones wirelessly via NFC-like technology. The smartphone has a robust Snapdragon 855 processor with 8GB RAM and 256GB (base model) internal storage. The camera has an advanced intelligence system and neural processing unit along with telephoto, rear wide angle and ultrawide features. Samsung also joins the league of first ever 5G smartphones which will be featured in the premium version of Galaxy S10. Moreover, the South Korean brand has lined up in cryptocurrency wallet feature behind Sirin Lab’s Finney and HTC’s Exodus. Both of them introduced their first ever crypto-wallet supported smartphone in 2018. Interestingly, HTC is offering their EXODUS 1 model via Bitcoin or Ether, rather fiat or online purchases, whereas, Sirin Lab’s Finney can be purchased only through their native token, Sirin.
The smartphone’s Blockchain Wallet includes Bitcoin and Ethereum wallets with an easy, minimalistic, and user interface features. The makers of Galaxy S10 with crypto wallet designed these ideal features considering new users in mind. Additionally, the smartphone is embedded with PUF (Physical Unclonable Function) inside Exynos 9820 chip. This semiconductor element is generally not implemented in computing devices as they are meant to provide cold or hot storage for the private keys while ensuring to avoid any risks associated with security breach or theft.
The microprocessor enables on-display biometric scanning which adds a layer to secure access of the Samsung Knox.
Samsung also revealed about the TEE technology Trusted Execution Environment linked with Snapdragon 855 processor. TEE distinguishes the operation of sensitive blockchain data from the device’s inbuilt operating system. Basically, this blocks the access to the private keys in PUF or TEE even if hackers successfully break into the system of Galaxy S10 with crypto wallet or gain backdoor access.
One of the analyst at the launch event said that the smartphone will also feature simple tutorial will help even the dummy users to understand the mechanisms of the crypto wallet. Samsung is also on the verge of implementing wider applications ahead, one of them being mentioned for insurance.
Samsung’s Galaxy, being the flagship line since early 2010-20 decade has a massive global outreach and likely to reign in the crypto-enabled smartphones in the coming decade.