Samsung Electronics revealed that blockchain users can now control and trade crypto assets located on third-party wallets using Samsung Galaxy smartphones. The latest innovation makes it simpler for users to log on to the blockchain and route contracts by importing virtual assets kept in separate cold wallets into the Samsung Blockchain Wallet operatable on most Galaxy smartphones.
The extra support for hardware wallets turns the Galaxy blockchain into an integrated user interface for handling crypto assets from a more appropriate place. In supplement to the Samsung Blockchain KeyStore, after the update Galaxy smartphones can also link to hardware wallets, in that count the Ledger Nano S and Ledger Nano X2.
Following its launch on the Galaxy S10 back in 2019, the Samsung Blockchain Wallet is now set to support the most prevalent cryptocurrencies like Bitcoin, Tron, ERC tokens, TRC tokens and Ethereum. Furthermore, Galaxy users will find decentralized applications (DApps) that apply blockchain technology to verify digital asset contracts.
Samsung delivers access to the latest DApps – from gaming to social media, security, finance, and even more – offers and suggestions for users across a range of category groups.
Devices must be well secured in order to store and operate digital assets. Samsung’s latest blockchain solutions are made viable by the recent Samsung Knox protection platform. It ensures that the private keys used for crypto addresses and DApps are encoded and stored in a safeguarded area, separated from the central operating system, named the Samsung Blockchain key store.
This data is also protected by a secure processor and can only be opened by providing the PIN or fingerprint of the device owner.
We remind you that this is only the latest across series of various Samsung blockchain projects.
