Samsung Electronics has unveiled the cryptocurrency wallet and first official dapps for the S10 phone, and there’s a notable absentee…Bitcoin.
According to a report from CoinDesk Korea published Sunday, the Samsung Blockchain Wallet is currently compatible only with ether (ETH) and ethereum-based ERC20 tokens. Bitcoin is not yet supported, in spite of the logo design appearing on earlier pre-release presentation images.
The wallet likewise supports four decentralized apps (dapps) at launch: crypto video gaming platform Enjin, beauty community Cosmee, crypto collectibles platform CryptoKitties and merchant payments service CoinDuck.The wallet app can be downloaded on just only Galaxy S10 phones from the Samsung Galaxy Store. The firm said it plans to expand the service to more devices and cryptocurrencies in the future.
The phone officially started shipping from pre-order sales on March 8.
The news comes just weeks after Samsung offered the first confirmation that it would use private cryptocurrency key storage on the S10 line. Not long after, the firm exposed the very first details of the storage option, the “Blockchain Keystore,” which appears to have 3 broad functions: payments to merchants, digital signatures and cryptocurrency storage and transfers.
Samsung Blockchain Wallet will be used in combination with Blockchain Keystore and is created to streamline the transactions procedure for newbies to the new technology, according to CoinDesk Korea. Through the supported CoinDuck dapp, users can likewise make payments to merchants, CoinDesk Korea stated in another report on Monday.
In the dapp, users can enter the amount to be paid, scan a QR code providing the online or offline merchant’s wallet address, press the “accept” button, and the payment will be made through the Samsung wallet. CoinDuck presently supports only ether (ETH).
CoinDuck’s parent company, Chain Partners, said:
“It was inconvenient to copy the address of the merchant’s wallet and paste it into the personal wallet. We have dramatically improved the usability of CoinDuck and Samsung Blockchain Wallet.”
What is a Dapp (Decentralized Application)?
Internet users do not have sole control over the data they share on today’s websites. Ethereum is distinct because it tries to wield the blockchain as a way to correct what its designers believe is a troublesome part of the web’s style.
It’s like a “decentralized appstore” where anybody can release their infinitized apps (dapps), which unlike today’s apps (think of Gmail or Uber) do not require a middleman to work or to manage a user’s details.
Dapps link users and suppliers directly. One example is to use this design for a decentralized Twitter that’s resistant to censorship. Once you release a message to the blockchain, it can’t be eliminated, not even by the company that created the microblogging system.
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