Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Sirin Labs To Ship Finney, First Blockchain Smart Phone

Sirin Labs To Ship Finney, First Blockchain Smart Phone

Kelly Cromley by Kelly Cromley
Nov 28, 2018
in Market News, News
Reading Time: 3 mins read
0

Swiss-based Sirin Labs plans to ship its first blockchain-enabled smartphone on Thursday, providing users with a secure way of accessing cryptocurrency exchanges, storing their digital currency offline and exchanging encrypted communications with other users.

Sirin’s Finney smartphone, announced earlier this year, will feature a built-in cold-storage crypto wallet for holding Bitcoin, Ethereum and other digital tokens, including Sirin ‘s own SRN token.

The SRN token allows fast payments between blockchain network peers without the need for crypto-mining. In an initial coin offer for the Android – based Finney smartphone, Sirin was able to raise more than $ 157 million. The company plans to release a blockchain-activated PC eventually. Both of them will run the open source operating system of Sirin, Sirin OS.

Jack Gold, senior analyst with J Gold Associates, said blockchain-enabled smartphones are aimed at a small niche market in an attempt to distinguish themselves from a crowded smartphone market; they are unlikely to be profitable.

Gold emailed the following message “The companies that are playing here are hoping that the crypto market will take off and become a real payment method for mass market. Frankly, I think its wishful thinking, as I don’t see this taking off anytime soon.”

Gold further said “There are no doubt some people out there that are interested in this (the real hyper-crypto crowd). But that relatively small number of potential users will not make a lucrative market in the short term, especially with a high-priced $1K device.”

The Finney smartphone costs $ 1,000. The Sirin proprietary operating system is a derivative of the Android operating system, which means it provides users with an Android experience, along with the Play Store and its included and supported apps.

Gold questioned “Of course, if you start running your own OS, even if it is a derivative of Android, then what does that mean for app compatibility?”

Finney offers users a token conversion service that allows automatic exchange between supported tokens and coins, eliminates the need to visit external exchanges and, like the previously available Sirin Solarin Android smartphone, the Finney phone has a physical toggle switch that instantly disables all unencrypted communication connections. This ensures that digital internal storage is wirelessly unavailable and can be used as a “cold wallet” for digital currencies.

The phone also provides encrypted communications, including VoIP, text and email, as well as three-factor authentication: biometrics, blocking and behavior. The Finney smartphone also features a decentralised App Store where users can use DApps, learn about new crypto projects and purchase new coins and tokens. The blockchain-enabled, encryption-protected smartphone uses a secure screen for secure crypto transactions in a blockchain ledger.

Sirin’s CEO has stated that the goal of a blockchain smartphone is to simplify crypto currency and peer-to-peer networks for users. It is also better known with an extension of the Android operating system. “These factors will allow Finnish to announce the mass application of blockchain technology,” the company argued.

The Finn has a 6-inch 18:9 display, SD card slot and 128 GB internal storage. The phone has a primary 12-megapixel camera at the back and a front-facing 8-megapixel camera. In May, HTC, a Taiwan-based electronics company, announced that it would also release a blockchain-enabled smartphone that allows users to safely store cryptocurrency offline and act as a blockchain network computer node.

In October, HTC announced the $1,000 Exodus 1 smartphone with limited preorders. Like Sirin’s Finny, Exodus 1 contains a cold storage wallet to separate the private cryptocurrency keys of a user from the Android operating system.

In order to address the possibility of lost crypto keys, HTC has created a “social key recovery mechanism” that allows users to store key recovery details with “few trusted friends” who download a key management application.

If you lose your keys, the key management algorithm allows you to collect parts of your keys from friends, which you can then combine. HTC also invited cryptographers and third-party developers to create their own apps and “improve this secure enclave’s strength.”

Phil Chen, decentralized chief officer at HTC, said “Exodus 1 is a foundational element of the crypto internet. For digital assets and decentralized apps to reach their potential, we believe mobile will need to be the main point of distribution. We look forward to partnering with developers in the blockchain community to usher in this vision.”

The Exodus 1 is available in 6-inch powered by an octa-core processor, the touchscreen display has 6 GB of RAM and 128 GB of internal storage. It has a primary camera of 12 megapixels and a secondary camera of 16 megapixels at the back. It has a primary camera of 8 megapixels and a secondary camera of 8 megapixels on the front.

Previous Post

Birks Group To Accept Bitcoin Via BitPay Partnership

Next Post

Swiss Firm, Pacifical To Launch Blockchain Traceable Tuna Products

Related Posts

caffeine ai internet computer

Caffeine Empowers Web3 App Creation Through Natural Language

by Kelly Cromley
Jul 14, 2025
0

Caffeine, an innovative platform built on the Internet Computer (ICP) blockchain, is reshaping the landscape of decentralized application (dApp) development...

mint

Mint.io Redefines Web3 Gaming with AI-Powered Experiences

by Kelly Cromley
Jul 14, 2025
0

Serial entrepreneur and global strategist Zak Manhire has unveiled Mint.io, a Web3 gaming platform that aims to steer the industry...

dcs card centre

DCS Card Centre Charts a New Path as Global Payments Enabler

by Kelly Cromley
Jul 14, 2025
0

DCS Card Centre, long known for its association with the Diners Club brand, is undergoing a substantial transformation in its...

AGII

AGII Unveils Lightweight Modules to Boost Smart Contract Speed

by Kelly Cromley
Jul 14, 2025
0

AGII, a platform specializing in AI-driven Web3 infrastructure, has introduced a new suite of lightweight modules designed to elevate the...

metabora partners with line next

METABORA Joins Forces with LINE NEXT to Boost Web3 Gaming

by Kelly Cromley
Jul 14, 2025
0

METABORA, an established global player in casual game development and blockchain-based project operations, has formed a strategic alliance with LINE...

coinbase partners with perplexity ai

Coinbase Taps Perplexity AI to Deliver Smart Crypto Insights

by Kelly Cromley
Jul 14, 2025
0

Coinbase has entered into a strategic collaboration with Perplexity AI to provide users with real-time cryptocurrency market data through artificial...

Next Post
Swiss Firm, Pacifical To Launch Blockchain Traceable Tuna Products

Swiss Firm, Pacifical To Launch Blockchain Traceable Tuna Products

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

caffeine ai internet computer
Market News

Caffeine Empowers Web3 App Creation Through Natural Language

by Kelly Cromley
Jul 14, 2025
mint
Market News

Mint.io Redefines Web3 Gaming with AI-Powered Experiences

by Kelly Cromley
Jul 14, 2025
dcs card centre
Market News

DCS Card Centre Charts a New Path as Global Payments Enabler

by Kelly Cromley
Jul 14, 2025
AGII
Market News

AGII Unveils Lightweight Modules to Boost Smart Contract Speed

by Kelly Cromley
Jul 14, 2025
metabora partners with line next
Market News

METABORA Joins Forces with LINE NEXT to Boost Web3 Gaming

by Kelly Cromley
Jul 14, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree