There are already five 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. That is 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 due to the encryption of the database. Also, there is no single "master" copy to edit or corrupt the blockchain database on the personal computer. It is considered to be as valid as the database on any other equipment.
A blockchain phone is like any other smartphone. However, it comes back 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. That 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:
Until now, there are very few companies that 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.
It is a standalone hardware wallet, unique advanced technologies for securing users' funds, and an integrated function. It is to restore the private keys in case of losing them. There are some of the appealing features the company announced about its new phone.
It is 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. And he explains 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 also recently said to have intentions to release its blockchain-based smartphone with a built-in wallet.
People know Pundi X as for its NPXS cryptocurrency token, XPASS card, and Pundi XPOS point-of-sales devices for retail transactions. It announced its blockchain-powered smartphone called the XPhone in a press conference before 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. That also provides 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.
The phone was first said to be supporting bitcoin. But new reports, however, unveil that the wallet is currently compatible only with ether (ETH) and Ethereum-based ERC20 tokens.
In addition to those mentioned above, the phone supports decentralized apps (dapps) at launch. They are 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. And 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
SIRIN LABS released its $999 Blockchain phone FINNEY not long ago, which came in collaboration with Huawei.
The product aims 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 that it will develop more blockchain integrated capabilities and a decentralized application (“dApp”) marketplace in the future.
Can we expect an Apple Blockchain phone?
Apple hints that it has interested in 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 the “Blockchain Guidelines” for the Responsible Business Alliance’s Responsible Minerals Initiative. The official website of the RBA list Apple as a company member.
Is a Blockchain smartphone needed? The author’s word:
From a personal perspective, I don’t see myself as a critical need for a first 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 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 it almost measures based on the standard 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. Mainly the temptation constitutes in segregating the OS on a standalone board from the system on which the crypto wallet is installed. And in the end, every person knows what they exactly need.
Are you interested in a blockchain phone? Or do you think it is not useful? Let us know in the comments section below.