Is Blockchain Smartphones a Thing? 3 cryptocurrencies to see in 2022

The blockchain industry is far from where it started over a decade ago. In particular, it has been the key to several transformations in sectors globally, including, but not limited to, healthcare, transportation, supply management, finance, entertainment and the arts industry. However, there is more it has to offer, especially when it comes to transforming the gadget industry and creating more secure devices for users.

That said, the smartphone industry is not left behind, with several companies working to produce blockchain-based smartphones. In the same way, they use the promise of it Web 3.0 offers the global community to transform the virtual world as we know it. If so, you may be wondering if blockchain smartphones are worth looking at or not. Here are three examples that will lead you into what they aim to offer.

This article looks at our selection of the top three blockchain / crypto phones to keep an eye on in 2022.

1. HTC Exodus

HTC may just as well have been the first company to launch a blockchain-based smartphone. The HTC Exodus 1 launched in 2018 as the first crypto phone ever, and uses the vault, Zion Vault, as a hardware wallet. According to the company, Zion Vault (Bank of Exodus) combines a user-friendly interface and military-grade security enhanced by TEE (Trusted Execution Environment).

So far, the crypto phone has three versions: Exodus 1, Exodus 1-Binance Edition and Exodus 1s. All versions use TEE to secure users’ digital assets during transactions and storage. Furthermore, they all have the social key recovery feature to ensure that you never lose your key. Exodus 1s is the first of its kind as it comes with full Bitcoin node integration.

On the other hand is Binance Edition Binance chain enabled. Users can access Binance DEX through Zion Vault to manage their assets. The hardware components protect user resources that might otherwise be exposed online.

2. Solana Saga

Solana Saga is a recent entry into the smartphone market, with Solana Mobile introducing the phone in June this year. The company, which is part of Solana Labs, plans to start shipping the smartphone in early 2023. Solana Mobile is collaborating with OSOM to produce the Android phone. The latter is known for having ventured into the blockchain smartphone field in 2021, delaying the release of OSOM OV1.

Solana Saga hopes to make transactions easier and widespread blockchain and crypto adoption. Furthermore, through Solana Mobile Stack, developers can create more features and private key security for Saga users. The Solana blockchain will play a major role in the functionality of the smartphone. In that case, it hopes to take full advantage of web 3.0 to bring a new era to mobile crypto.

Those who decide to pre-order the smartphone now have a chance to get a Saga NFT, Saga Pass. For a deeper look, visit Solana Mobile website.

Samsung

While Samsung does not necessarily have a blockchain smartphone, it has invested in making blockchain friendly features since the Samsung Galaxy S10 in 2019. The Korean electronics company enables Galaxy users to pair their hardware wallets with hardware wallets. Furthermore, through the Samsung blockchain wallet, users can manage their assets from their devices.

It keeps assets and private keys secure throughout Samsung Knox, Private Share and Samsung Blockchain Keystore. A reliable execution environment improves security to ensure the privacy of user information.

Finally, it provides access to decentralized applications that are emerging globally, with the possibility of interactions in the function. In itself, this is a learning experience for those who decide to get involved in dApps.

Is there a future for Blockchain smartphones?

While developments in the gadget industry are integrating blockchain features, some are still opposed to the idea of ​​blockchain smartphones. Blockchain companies are already making it possible to access most of their features through mobile applications. So, are blockchain phones an unnecessary invention for the global community?

While blockchain-enabled phones can provide enhanced security and in some cases extra functionality, there is no inherent need for cryptocurrencies. You can continue to use a traditional Android or iPhone and not miss any of the latest cryptohypes.

Disclosure: This is not trading or investment advice. Always do research before buying a cryptocurrency or investing in a project.

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