Connect with us

Technology

Samsung Makes it Easier to Use Blockchain on Galaxy Devices with Support for Hardware Wallets

Samsung Makes it Easier to Use Blockchain on Galaxy Devices with Support for Hardware Wallets

Galaxy users can now import and manage all their assets for cryptocurrencies and DApps in one, easy-to-use and secure location.

Samsung Electronics Co., Ltd announced that blockchain users can now manage and trade virtual assets from third-party wallets on Samsung Galaxy smartphones. The update makes it easier for blockchain users to access and process transactions by importing virtual assets stored on select cold hardware wallets to the Samsung Blockchain Wallet available on most Galaxy smartphones.1

Support for hardware wallets provides Galaxy blockchain with a consistent user experience of managing crypto assets from one convenient location. In addition to the Samsung Blockchain Keystore, Galaxy smartphones can now connect to hardware wallets including the Ledger Nano S and Ledger Nano X.2  Samsung Blockchain Wallet users will also be able to keep up with the latest trends in cryptocurrency with a dedicated newsfeed in the app featuring articles from CoinDesk, one of the top blockchain news outlets.

Samsung Makes it Easier to Use Blockchain on Galaxy Devices with Support for Hardware Wallets

New Mobile Experiences Powered by Advanced Security
After launching with the Galaxy S10 in 2019, the Samsung Blockchain Wallet has grown to support some of the most popular cryptocurrencies including Bitcoin, Ethereum, ERC tokens, Tron (TRX), and TRC tokens. It also allows Galaxy users to explore decentralized apps (DApp) that use blockchain technology to authenticate the exchange of digital assets. From games to social media, finance, security and more, Samsung provides access to the latest DApps and offers recommendations for users across a variety of categories.

To store and manage virtual assets, devices must be secure. Samsung’s mobile blockchain solutions are made possible by the defense-grade Samsung Knox security platform. The private keys used for cryptocurrency and DApps are encrypted and stored in an area isolated from the main operating system called the Samsung Blockchain Keystore. This information is further protected by a secure processor and can only be accessed by providing the asset owner’s PIN or fingerprint.

Samsung believes innovation can only happen through an open and collaborative approach and has opened access to its blockchain ecosystem with the Samsung Blockchain SDK. Developers can build DApps that generate, store, and manage blockchain accounts easily and process transactions with APIs dedicated to each ledger system. It also provides APIs allowing DApps to securely sign for transfers of virtual assets using third-party hardware wallets.

More information about the Galaxy Blockchain ecosystem and Samsung Blockchain Wallet is available here.   

About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com

Galaxy Smartphone devices running Android OS 9.0 or above will be supported, however availability may vary by model and condition. Users of Galaxy smartphones that do not feature the Samsung Blockchain Keystore will still be able to utilize this latest update by physically connecting to the hardware wallet to manage blockchain assets or keys. Visit here to confirm Samsung Blockchain Keystore device availability.
Support for third-party hardware wallets varies by market. Bluetooth features of Nano X may be limited when connected to Samsung Blockchain Wallet.

Source: Samsung

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Text Translator

Awards Ceremony

Click on the Image to view the Magazine

Global Brands Magazine Awards Ceremony

.

Global Brands Magazine is a leading brands magazine providing opinions and news related to various brands across the world. The company is head quartered in the United Kingdom. A fully autonomous branding magazine, Global Brands Magazine represents an astute source of information from across industries. The magazine provides the reader with up- to date news, reviews, opinions and polls on leading brands across the globe.


Copyright - Global Brands Publications Limited © 2020. Global Brands Publications is not responsible for the content of external sites.

Translate »