With the update on compatible Galaxy smartphones Samsung Blockchain Wallet can now manage and trade cryptocurrencies from third-party hardware wallets. Galaxy smartphone users can keep up with the latest trends of the cryptocurrency system with the exclusive Newsfeed app of the leading news organizations. Blockchain Wallet already supports Bitcoin, Ethereum and other cryptocurrencies.
An update to Samsung’s blockchain wallet was announced on its press site. The release states, “Hardware wallets support provides the Galaxy Blockchain with a consistent user experience for managing crypto assets from a convenient location. In addition to the Samsung blockchain keystroke, Galaxy smartphones can now connect to a hardware wallet including the Ledger Nano S and Ledger Nano X. ”
Since the introduction of the Samsung Galaxy S10, it has supported Bitcoin, Ethereum, ERC tokens, Tron (DRX) and DRC tokens as mentioned earlier. It allows Galaxy users to explore decentralized applications or DAPs that use blockchain technology to authenticate the transfer of digital assets, i.e. cryptocurrency.
Samsung claims that its security standards make its blockchain transactions secure using Samsung Knox security sites. “The private keys used for cryptocurrency and DAP are encrypted and stored in an isolated area from the main operating system known as the Samsung blockchain keystore,” the statement said. “This information is further protected by a secure processor and can only be accessed by providing the property owner’s back or fingerprint.”
Samsung Blockchain with SouthK technology company SDK will allow developers access to its blockchain ecosystem. “Developers can easily create, store and manage blockchain accounts and process transactions with dedicated APIs for each ledger system,” the report reads. “It also provides APIs that allow DApps to securely sign in to transfer virtual assets using a third-party hardware wallet.” To learn more about Samsung’s Blockchain Wallet and Galaxy Blockchain ecosystem, go to Samsung’s website.
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