Samsung Blockchain Wallet, An Application for Storing Crypto Assets

Samsung Blockchain Wallet.
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The cryptocurrency ecosystem is increasingly becoming popular, especially with the entry of a number of large companies. One company that has shown an interest in this is Samsung. Samsung has finally released an application called the Samsung Blockchain Wallet. This application serves as a platform that supports crypto-asset transactions. Samsung has worked with a number of developers in the crypto ecosystem such as Gemini, Stellar (XLM), Enjin Coin, Decentraland, and others.

The Samsung blockchain Wallet also has a lot of features. Starting from games to social media, finance, security, and other applications. Samsung also provides access to the DApps latest recommendations for users across various categories.

Samsung Blockchain Wallet

Samsung Blockchain Wallet
Source: Gizmologi

An update to the Blockchain Wallet application allows users to manage and trade virtual assets from third-party wallets on Galaxy smartphones. This makes it easier for users to access and process transactions. By importing virtual assets stored in certain cold hardware wallets to the Samsung Blockchain Wallet.

Samsung has also improved its security system, namely using Samsung Knox. The private keys used for cryptocurrencies and the DApp are encrypted. Stored in an isolated area from the main operating system called the Samsung Blockchain Keystore. The information is then protected by which processor and can only be accessed with a PIN or fingerprint of the asset owner. Whereas the Samsung Blockchain Keystore stores the private keys. This key is stored and isolated from the operating system.

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Galaxy smartphones can connect to hardware wallets including the Ledger Nano S and Ledger Nano X. Samsung said that the Blockchain Wallet application has developed to support transactions of several cryptocurrencies.  Including Bitcoin, Ethereum, ERC tokens, TRC tokens, and Tron ( TRX). “This application allows Galaxy users to explore decentralized applications (DApp) that use blockchain technology to ensure the exchange of digital assets,” reads an official statement from Samsung.

Supporting Devices

Based on information on the Samsung Developers page, devices that support the Samsung Blockchain Wallet are the S21, S20 FE, Z Fold2, Note 20 series, Z Flip 5G, A71 5G, A51 5G, Z Flip, S20 series, Fold, Note 10 series, A90 5G, S10 series, and A91.

Available regions are still limited to the United States (except for Verizon users), Europe (Germany, United Kingdom, Spain, Switzerland, Sweden, Portugal, Finland, Austria, Norway, Denmark, Romania, Iceland), and Southeast Asia & Oceania (Philippines), Singapore, Australia).

 

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