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The Samsung Blockchain KeyStore wallet expected to act as a “secure and convenient place for your cryptocurrency” and enable users to have full control over their private keys and crypto funds.
The latest news from Samsung, the South Korean mobile phone manufacturing giant, has surprised the crypto community: the company is going to present its new next-generation smartphone Samsung Galaxy S10. On Twitter, concept designer Ben Geskin showed the image of the device.
New #GalaxyS10 live images leak with ‘Samsung Blockchain KeyStore’
— Ben Geskin (@BenGeskin) January 23, 2019
Last month, Samsung revealed its plans to launch a blockchain smartphone. The company confirmed that they would announce the Galaxy S10 on February 20 at their annual Samsung Unpacked event. The smartphone has not yet been released to the public, but some of its features are known. For example, the screenshot from the source for this leak has a converted height to width ratio of 2283 pixels by 1080 pixels. The device will feature two front-facing cameras.
It is speculated that the Galaxy S10 features a 6.1-inch curved OLED display, an in-display fingerprint sensor, the Exynos 9820 processor (global), the Snapdragon 855 for North America, and either 128GB or 512GB of internal storage.
Samsung Blockchain Wallet
The main feature of the new model of Samsung is Samsung Blockchain KeyStore that looks to be a blockchain wallet. The wallet can act as a “secure and convenient place for your cryptocurrency” and enable users to have full control over their private keys and crypto funds. Moreover, users are able to create a new wallet from scratch.
The system works on the blockchain with the cryptocurrencies Samsung decides to support – at this point that’s limited. As the images show, the Blockchain KeyStore currently lists only Ethereum as a supported cryptocurrency.
As for Bitcoin, digital currency number one, the bitcoin part is suggested in the iconography of the system as well. According to the report by SamMobile, Samsung’s blockchain wallet is also expected to support Bitcoin Cash and Ethereum-derived token ERC20 at launch.
Galaxy S10 or Galaxy S10+?
Previously, the new device was supposed to be a Galaxy S10+ prototype thanks to the dual-lens punch-hole camera, but a sticker covered a large part of the screen. Hours later, more images surfaced on Twitter, showing the alleged Galaxy S10 phone. A technology journalist at BGR Chris Smith explained:
“We know it’s a Galaxy S10 phone because the punch-hole camera is placed near the top right corner. The A8s’ selfie cam is on the left side. Also, we know it’s a Galaxy S10 phone rather than a Galaxy S10+ model because it features a single-lens selfie camera. It’s clear the handset isn’t the Lite version, because the screen has curved edges, rather than flat.”
Further, he wrote:
“Finally, as you can see in these images, the phone has tiny top and bottom bezels, and even thinner side bezels.”
Attachment to Biometrics
Samsung won’t reportedly have access to any of the data in the Blockchain KeyStore app, which might be a cold wallet. The main way to recover your data is with the 12 to 24-word recovery phrase. Attached to Biometrics and security in the device’s Settings, the app also features a secondary layer of authentication that includes PIN and fingerprint.
Users will be able to set the private key and authenticate via biometric options such as the in-display fingerprint scanner (which is already confirmed), PIN, password, etc. Such a feature will provide security and safety.
The expected price for such a phone could make up at least 799 euros (~$1,009) when it launches. On February 20, the company will hold an Unpacked event in San Francisco, and more information about the new-generation smartphone will be available.