Samsung to Release Crypto-Friendly Edition of Galaxy Note 10 Smartphone

- Advertisement -

[NEWS BLOG]: Samsung to Release Crypto-Friendly Edition of Galaxy Note 10 Smartphone

Samsung Electronics is releasing a new edition of its Galaxy Note 10 smartphone that will come with a pre-installed cryptocurrency wallet in its bid to boost adoption of blockchain tech.

According to a Wall Street Journal article on Thursday, the new product is a variant of Samsung’s flagship product Galaxy Note 10 but marketed as a “KlaytnPhone,” named after a blockchain network developed by messaging giant Kakao.

To be sold on Thursday only in South Korea, the new edition’s hardware specification will not differ from existing Galaxy Note 10, but will come with blockchain apps and a crypto wallet, the report said. Buyers of KlaytnPhones will also obtain a certain amount of the Klaytn blockchain’s native cryptocurrency Klay.

While blockchain apps on the Klaytn network are now available for non-Samsung phones via Google’s Android system, only the Klaytn edition will support full-scale transactions on the Klaytn network.

The KlaytnPhone is another step taken by Samsung to widen its efforts on boosting cryptocurrency adoption. According to the report, Samsung has joined Ground X to launch the edition, a firm set up by Kakao to develop the Klaytn network.

While the Klaytn network has been live since June this year, its native crypto Klay has not yet been listed on exchanges for trading. 

Samsung first revealed a crypto-friendly flagship smartphone in March this year, the Galaxy S10, which comes with digital wallets that support cryptocurrencies like ether (ETH) and ethereum-based ERC-20 tokens. 


- Advertisement -

OTHER RELATED NEWS

Simple Textbook Analysis Show XRP Price Could Rally 100% Against Bitcoin

There’s no doubt XRP saw poor performance in 2019. During that year, the price of the asset against the U.S. dollar fell by 50%, managing to underperform a swath of traditional asset classes, from stocks and bonds to precious metals and commodities.

Because Bitcoin saw a strong 2019, rallying by over 90%, the XRP/BTC pair fell dramatically, even more so than the altcoin’s pair against the dollar and other fiat currencies. One XRP, in fact, is now valued at under 3,000 satoshis — far below all-time highs.

But, a number of analysts recently explained in charts that the cryptocurrency may soon - read more.

Twitter says Facebook, Messenger accounts hacked

Twitter confirmed on Friday that the official Twitter accounts of social media giant Facebook Inc and its Messenger platform were hacked.

A Twitter spokesperson said in an emailed statement that the accounts were hacked through a third-party platform.

"As soon as we were made aware of the issue, we locked the compromised accounts and are working closely with our partners at Facebook to restore them," the Twitter spokesperson said.

Separately, Facebook also confirmed that some of its official social media accounts were hacked on Friday.

"Some of our corporate social accounts were briefly hacked but we have secured and restored - read more.

‘Off the charts’: Virus hotspots grow in middle America

DETROIT (AP) — As the United States led the world with confirmed coronavirus cases, cities such as Detroit, Chicago and New Orleans grew as hotspots Saturday, while the virus continued to pummel New York City and made its way into rural America.

Elsewhere, Russia said its borders would be fully closed as of Monday, while in parts of Africa, pandemic prevention measures took a violent turn, with Kenyan police firing tear gas and officers elsewhere seen on video hitting people with batons.

Worldwide infections surpassed the 650,000 mark with more than 30,000 deaths as new cases also stacked up quickly - read more.

DROPZ
Made for Fun, Easy to use, Easy to Solve!
Catch Every Dropz!
Contact us

[email protected]