The Samsung Galaxy S10, which will launch on February 20, will probably incorporate a cryptocurrency wallet.
Last month, Samsung filed trademark applications in the EU in three terms:
Samsung also submitted applications in Korea for the same three terms.
The live images of the Samsung Blockchain Keystore application running on the Galaxy S10 were published on Sammobile. The application can be found in the "Biometry and security" section of the phone in the "Configuration" menu of S10.
The portfolio configuration screen shows that users can import an existing portfolio or create a new one. The wallet is compatible with the Ethereum cryptocurrency, but, apparently, it will also support Bitcoin, Bitcoin Cash and ERC20 (derived from Ethereum).
There will be a cold wallet to keep digital coins and public and private keys, and to sign private keys for transactions. There will also be a cryptographic wallet to view account information, transfers and transaction history, according to Sammobile.
"Samsung has a long history of launching everything that it can think, from the technological point of view, in its star smartphones of the Galaxy S series," said Ken Hyers, director of research at Strategy Analytics.
"The guide for reviewers that Samsung sends with its latest releases to document all functions usually has more than 50 pages," he told E-Commerce Times.
Hyers "would not be surprised to discover that Samsung adds a cryptographic wallet to the Galaxy S10, even if 99.9 percent of people who buy the phone never use it," he said, noting that most users "never use, not even aware of all, or even most, of the capabilities of their Galaxy S smartphones. "
Samsung is expected to announce the three major Galaxy S10 phones and a folding smart phone, all with 5G support, at the Unpacked press event in San Francisco on February 20.
The cryptocurrency applications could also be in the next Galaxy A30 and A50, according to the Dutch Galaxy Club e-zine.
"Samsung is the leader in the segment," said Rob Enderle, principal analyst at Enderle Group.
"If they do something, all the other smart phone providers will consider going," he told the E-Commerce Times. That said, "if you follow it, it will really have a lot to do with how safe the cryptocurrency looks when the decision is made."
Crypto and Security
Hackers have increased attacks on cryptographic sites. A record number of cryptographic crimes took place last year, according to Chainalysis, which includes the following:
Scams based on the ether that fluctuate with cryptographic prices;
The Darknet markets, which show resistance to market trends; Y
Hacks made by professional organizations with different tactics and methods.
Two groups of hackers stole about $ 1 billion last year, at least 60 percent of all publicly reported attacks, according to Chainalysis. They took around $ 90 million per hack on average.
Cryptomining malware ranked top-four on Check Point Software's list of Top 10 malware programs, accounting for a fifth.
Malicious activity related to cryptocurrency will increase dramatically this year, Proofpoint has forecast. Many banking Trojans and information thieves have incorporated currency extraction modules and portfolio theft capabilities.
Hackers have already started targeting smartphones to exploit cryptocurrencies through a technique called "cryptojacking," which involves installing malware from cryptocurrency mining through an infected or malicious application. Games are a favored attack vector due to their popularity.
"If you put enough resources into something you can rape, and the cryptocurrency has been a very attractive target for some time," Enderle said, "but you would expect a full encryption [from Samsung], and probably use the technology they have in Knox and the technology they have licensed from BlackBerry. "
The large number of expected violations can reduce the attractiveness of Samsung cryptography support as a marketing tool.
"Before the violations, [a cryptocurrency wallet] could have been the killer application for the Samsung Galaxy line," Enderle said. "There is now a lot of concern and fear surrounding this technology, which has undoubtedly eroded its appeal to the average smartphone user."
Crypto and E-Commerce
The impact that a cryptographic wallet could have on smartphones in electronic commerce is not yet clear.
"The cryptocurrency is what you can do with it," Enderle said. "The uses are quite limited, but one would think it would work well with marijuana stores, which would probably be the ideal retail target for this wallet."
Operators "may or may not allow Samsung to include [a cryptographic wallet] in devices sold through transport channels" in the United States, observed Hyers of Strategy Analytics.
On the other hand, if Samsung included a cryptographic wallet in the international version of the new Galaxy smartphones, he said, "unlocked Samsung smartphone buyers would have access to it."
Last month, Samsung filed trademark applications in the EU in three terms:
- Blockchain key store
- Blockchain key box
- Blockchain core
Samsung also submitted applications in Korea for the same three terms.
The live images of the Samsung Blockchain Keystore application running on the Galaxy S10 were published on Sammobile. The application can be found in the "Biometry and security" section of the phone in the "Configuration" menu of S10.
The portfolio configuration screen shows that users can import an existing portfolio or create a new one. The wallet is compatible with the Ethereum cryptocurrency, but, apparently, it will also support Bitcoin, Bitcoin Cash and ERC20 (derived from Ethereum).
There will be a cold wallet to keep digital coins and public and private keys, and to sign private keys for transactions. There will also be a cryptographic wallet to view account information, transfers and transaction history, according to Sammobile.
"Samsung has a long history of launching everything that it can think, from the technological point of view, in its star smartphones of the Galaxy S series," said Ken Hyers, director of research at Strategy Analytics.
"The guide for reviewers that Samsung sends with its latest releases to document all functions usually has more than 50 pages," he told E-Commerce Times.
Hyers "would not be surprised to discover that Samsung adds a cryptographic wallet to the Galaxy S10, even if 99.9 percent of people who buy the phone never use it," he said, noting that most users "never use, not even aware of all, or even most, of the capabilities of their Galaxy S smartphones. "
Samsung is expected to announce the three major Galaxy S10 phones and a folding smart phone, all with 5G support, at the Unpacked press event in San Francisco on February 20.
The cryptocurrency applications could also be in the next Galaxy A30 and A50, according to the Dutch Galaxy Club e-zine.
- Size matters more than post position
- Taiwanese smart phone maker HTC became the first company to launch a device that supports cryptocurrency, with its Exodus 1, which hit the market last month.
- However, the launch of Samsung is likely to have a greater impact on the market.
"Samsung is the leader in the segment," said Rob Enderle, principal analyst at Enderle Group.
"If they do something, all the other smart phone providers will consider going," he told the E-Commerce Times. That said, "if you follow it, it will really have a lot to do with how safe the cryptocurrency looks when the decision is made."
Crypto and Security
Hackers have increased attacks on cryptographic sites. A record number of cryptographic crimes took place last year, according to Chainalysis, which includes the following:
Scams based on the ether that fluctuate with cryptographic prices;
The Darknet markets, which show resistance to market trends; Y
Hacks made by professional organizations with different tactics and methods.
Two groups of hackers stole about $ 1 billion last year, at least 60 percent of all publicly reported attacks, according to Chainalysis. They took around $ 90 million per hack on average.
Cryptomining malware ranked top-four on Check Point Software's list of Top 10 malware programs, accounting for a fifth.
Malicious activity related to cryptocurrency will increase dramatically this year, Proofpoint has forecast. Many banking Trojans and information thieves have incorporated currency extraction modules and portfolio theft capabilities.
Hackers have already started targeting smartphones to exploit cryptocurrencies through a technique called "cryptojacking," which involves installing malware from cryptocurrency mining through an infected or malicious application. Games are a favored attack vector due to their popularity.
"If you put enough resources into something you can rape, and the cryptocurrency has been a very attractive target for some time," Enderle said, "but you would expect a full encryption [from Samsung], and probably use the technology they have in Knox and the technology they have licensed from BlackBerry. "
The large number of expected violations can reduce the attractiveness of Samsung cryptography support as a marketing tool.
"Before the violations, [a cryptocurrency wallet] could have been the killer application for the Samsung Galaxy line," Enderle said. "There is now a lot of concern and fear surrounding this technology, which has undoubtedly eroded its appeal to the average smartphone user."
Crypto and E-Commerce
The impact that a cryptographic wallet could have on smartphones in electronic commerce is not yet clear.
"The cryptocurrency is what you can do with it," Enderle said. "The uses are quite limited, but one would think it would work well with marijuana stores, which would probably be the ideal retail target for this wallet."
Operators "may or may not allow Samsung to include [a cryptographic wallet] in devices sold through transport channels" in the United States, observed Hyers of Strategy Analytics.
On the other hand, if Samsung included a cryptographic wallet in the international version of the new Galaxy smartphones, he said, "unlocked Samsung smartphone buyers would have access to it."
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