A Blockchain Mobile Phone For Secure Cryptotransactions!
Hello Steemians,
Sirin Labs! That's the word that's important in the evolution of blockchain technology! They are the company behind the first ever blockchain powered mobile phone!
It's being preordered at a price of $1000 (#360k). That's a pretty huge price but you may change that attitude completely once you discover the reason for it.
According to an interview with their COO hosted on CANC there 2 major barriers on the blockchain they are trying to conquer.
1. Increase the chances of mainstream adoption:
For this to happen easily we have to use a technology they are already used to . The Android powered mobile device is nothing new but when you combine that with Cryptocurrency native to the phone SRN you are essentially upping the ante!
All transactions will be done via SRN coin. They also introduced their own concept of atomic swaps whereby very transaction will be converted from the coin you have into the coin you need to achieve what you want.
Looking at this now we wonder why it hasn't come sooner!
2- Increasing Security!
Security is something that sucks right now! Generally if you are not using a cold storage wallet your tokens can easily be stolen. If you double it up with a 2 factor authentication, still good but not great!
Fast forward and Sirin labs has built in Intrusion Prevention System. Let's see what the details include;
BLOCKCHAIN FEATURES OF SIRIN OS™:
- Secure P2P resource sharing
- Built-in "cold storage" crypto wallet
- Distributed Ledger Consensus
- Behavioral based Intrusion Prevention System (IPS)
- Blockchain based, full tampering proof
- Physical security switch (for wallet protection)
- Secured communications (VoIP, text, email)
- Three-Factor authentication: Biometric, Lock Pattern, Behavioral...
As the blockchain develops we are going to keep seeing more tokens like this with actual use cases and not merely ICO SCAMS and the likes we saw at the beginning!
Their coin is already trading on Bittrex and other exchanges. It's listed on Coinmarketcap and trading at around $0.5 right now! When the phone is released later this year it could be worth much more!
★Boom!★
😎😎
This really sound nice @nairadaddy
Thanks bro! It's a cool tool for we blockchain enthusiasts!
Howdy?😎
I don't understand , a phone and an ICO? Please explain further and besides how available will the phone be?
Well! It's a quite simple concept!
Our current phones aren't optimized for Cryptocurrency usage.
They barely understand blockchain language.
But when you have a phone dedicated to it, it will be a very different case scenario.
Imagine that you lose your phone but no one can really access your digital assets because it has studied your unique user behaviours. Nobody else can open it. Nobody else can steal your identity or use your digital cash! That's just a case scenario!
Yeah! It will be much more available when it launches. Hope you understand now! Feel free to ask more questions...
Cool stuff
Oh wow, this will be so cool. I wonder how expensive it would be? At least it will checkmate phone robbery.
It's crazy how fast the cryptoverse moves. When you don't inform yourself for 2 days it feels like 2 months. Cheers for the informative post, this project is definitely one should look into.
I'm telling you friend!
It's like lightening fast!
Cheers!
Wow, a 34% jump in value? This token has potential! @ironshield
Wow... Blockchain mobile device. That sounds cool and exciting