There are already 5 different blockchain phones on the market for sale. Yet, what is a blockchain phone? Gain a full understanding of this new smartphone concept and check the list of blockchain phones. Will these blockchain phones become the next trend?
March 13, 2019 | AtoZ Markets - A blockchain is an “encrypted and shared database” that is spread across more than one computer. This translates into every person with access is capable of modifying that ledger without waiting for someone else to authorize them or finish any edits would be doing.
There are complicated algorithms as part of the system to keep duplicate entries out based on the actual time they were created or changed, so the database updates and every client gets the changes and they are always in sync. A blockchain is considered to be secure not only due to the encryption of database, but also because there is no single "master" copy to edit or corrupt the blockchain database on the personal computer is considered to be as valid as the database on any other computer.
What is a Blockchain phone?
A blockchain phone is like any other smartphone, however, it comes backed with extra features pertinent to the blockchain and cryptocurrency.
A built-in crypto wallet is also a prominent feature smartphone companies mention when advertising about a blockchain phone.
Mobility is a significant player here, given the light size a smartphone enjoys in comparison to a laptop, which regardless of how light it is, it can still be a hassle sometimes to carry, especially when the user would be in a hurry.
How many blockchain smartphones are out there? List of blockchain phones:
Up until the time of writing this article, there are very few companies which displayed any interest in releasing phones dedicated to the use of blockchain and cryptocurrency.
1. Blockchain phone HTC Exodus 1
The preceding phone maker to announce such an intention is HTC.
A standalone hardware wallet, special advanced technologies for securing users' funds, and an integrated function to restore the private keys in case of losing them, are some of the appealing features the company announced about its new phone.
Priced at 0.15 bitcoins or 4.78 ether tokens, which make around $960, HTC made its blockchain phone available for pre-order last October, on condition the payment is in cryptos only.
Phil Chen, HTC's decentralized chief officer had given an interview to the media to explain the benefit of separating the OS area from the area where the technology for keeping the user’s wallet safe is stored in the HTC Exodus 1 blockchain phone, saying: “Google's OS is fundamentally insecure with a centralized system," which exposes the user’s funds to hacking when using Android for storing cryptocurrency.
2. Blockchain phone Pundi's XPhone
The crypto Firm Pundi X was also recently said to have intentions to release its own blockchain-based smartphone with a built-in wallet.
Pundi X, which is known for their NPXS cryptocurrency token, XPASS card, and Pundi XPOS point-of-sales devices for retail transactions, announced its blockchain-powered smartphone called the XPhone in a press conference prior to the end of last year.
The anticipated system will also allow users to make calls, send messages, and transmit data independently from centralize carriers like Verizon and Sprint, along with routing phone calls and messages via blockchain nodes, eliminating the need for a phone number.
3. Blockchain phone Samsung Galaxy S10
Samsung, the Korean giant electronics maker, has recently announced its cryptocurrency-supportive phone - Samsung Galaxy S10.
While the phone was first said to be supporting bitcoin, new reports however, unveil that the wallet is currently compatible only with ether (ETH) and Ethereum-based ERC20 tokens.
In addition to above-mentioned, the phone supports decentralized apps (dapps) at launch: crypto gaming platform Enjin, beauty community Cosmee, crypto collectibles platform CryptoKitties and merchant payments service CoinDuck.
4. Blockchain SIKURPhone
Sikur Blockchain phone, SIKURPhone has also recently been in the headlines, however, the recent reports say that the phone may after all come without any SikurOS and crypto wallet support, while the company confirms it will release a native crypto wallet support plus other security-oriented support, with no more details on the phone unveiled.
5. Blockchain phone Finney
The product was said to be aiming to address issues that cryptonauts face in mobile computing, particularly those related to securely transacting money.
The phone runs on SirinOS, which is a fork of Android, but the company announced of more blockchain integrated capabilities and a decentralized application (“dApp”) marketplace to be developed in the future.
Can we expect an Apple Blockchain phone?
Apple has hinted to be interested the blockchain, but the firm did not develop any blockchain phone yet. Apple filed with the Securities and Exchange Commission (SEC) a document entitled “Summary of Apple’s Commitment to Responsible Sourcing”.
The SEC filing of Apple is not revealing the firm's interest in blockchain, but on the 15th of February 2019, the Responsible Business Alliance Foundation (RBA) mentioned Apple’s involvement in drafting of the “Blockchain Guidelines” for the Responsible Business Alliance’s Responsible Minerals Initiative. On the official website of the RBA, Apple is listed as a company member.
Is a Blockchain smartphone really needed? The author’s word:
From a personal perspective, I don’t see myself a critical need for a special phone designed to serve tracking bitcoin transactions, given there are more advanced applications to use on computers, and with the fact those applications have been out for quite a long time now, they will definitely be more consistent and stable than a dedicated phone to the blockchain and crypto trading.
However, this is just a personal point of view, and is almost measured based on the average crypto and blockchain user. However, for those who are hard-core users and traders, they might see a point in obtaining a phone like the one this article talks about, especially the temptation that constitutes in segregating the OS on a standalone board from the system on which the crypto wallet is installed, and at the end, every person knows what they exactly need.
Are you interested a blockchain phone? Or do you think it is not useful? Let us know in the comments section below.