In yet another move showing blockchain’s unstoppable potential, Samsung opened the doors of its decentralized app (DAppdApps
Distributed Apps. Applications without centralized control.
Blockchain
A digital, distributed ledger which contains data for all the transactions that have ever taken place using a given cryptocurrency.
Smart Contracts
Agreements between two parties that self-execute when their terms are met and automatically cancel when their terms are not met.
In yet another move showing blockchain’s unstoppable potential, Samsung opened the doors of its decentralized app (DAppdApps
Distributed Apps. Applications without centralized control.
Blockchain
A digital, distributed ledger which contains data for all the transactions that have ever taken place using a given cryptocurrency.
Smart Contracts
Agreements between two parties that self-execute when their terms are met and automatically cancel when their terms are not met.
Samsung Blockchain Keystore is a critical part of Samsung’s blockchain initiative and addresses some of the key security concerns presented by bringing blockchain to mobile platforms.
Since Samsung is beating Apple in the global smartphone market, it’s choice to integrate Tron is a major step. After all, this means that “TRON APIs for #TRX-based tokens & DApps could soon be accessible to around 1 billion global Samsung users”
What is the Samsung Blockchain Keystore?
Fundamentally, the Samsung Blockchain Keystore is the companies push into the blockchain sphere. And it’s an excellent push -- since it addresses a key problem holding mass adoption at bay: keeping your private keys safe.
“Samsung Blockchain Keystore is a critical part of Samsung’s blockchain initiative and addresses some of the key security concerns presented by bringing blockchain to mobile platforms. Samsung Blockchain Keystore allows security-conscious users to treat their phones like a cold wallet, storing their private information in a dedicated secure zone with the additional protection of Samsung Knox and TEE.”
Samsung is providing these safety features directly into their smartphones.
“Earlier in the year, the company announced the Samsung Blockchain Wallet App, along with the blockchain-enabled flagship Galaxy S10. The main purpose of the walletMobile Wallet
Software that allows individuals to store their cryptocurrencies on handheld devices.
And now, during the Samsung Developer Conference 2019, Samsung made the announcement about integrating such a cool product with Tron.
Tron is a competitor to EthereumEthereum
A cryptocurrency created by Vitalik Buterin that runs on Ether (ETH). Ethereum was the first blockchain-based technology to make smart contracts and decentralized applications possible.
These announcements sent Tron (TRX) token prices soaring as high as 25% -- though part of this could also be attributed to Chinese President Xi Jinping publicly endorsing blockchain technology.
Either way, the future for blockchain technology is even more parallel to the rise of the internet in the 1990’s -- explosive and unstoppable!
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