Samsung’s Big Step into Bitcoin
In a move that has tech enthusiasts buzzing louder than a coffee grinder at dawn, Samsung has finally decided to roll out support for Bitcoin (BTC) within its Blockchain Keystore. This addition is more than just another brick in the wall; it signifies the South Korean tech giant’s dawning realization that cryptocurrency is here to stay – kind of like your aunt who refuses to leave the family reunion before dessert.
What’s New in the Keystore?
As per updated information on the Samsung Developers website, the Keystore has now broadened its horizons to include Bitcoin alongside Klaytn, the cryptocurrency backed by Kakao – and yes, that’s the same Kakao that makes your favorite messaging app. Initially, users were only privy to Ethereum support, which, let’s be honest, is like throwing a spaghetti dinner party and only serving plain noodles.
Devices and Jurisdictions at a Glance
Samsung isn’t just throwing this update out to everyone with a smartphone. Nope! They’ve carefully selected a compact list of devices to support this feature:
- Galaxy S10e
- Galaxy S10
- Galaxy S10+
- Galaxy S10 5G
- Galaxy Note10
- Galaxy Note10+
But wait, there’s more! This amazing new feature isn’t available everywhere, folks. It’s currently functional only in six lucky jurisdictions: Canada, Germany, South Korea, Spain, Switzerland, the United States, and the United Kingdom. So if you’re in say, France or Australia, you might want to start practicing your sad face.
From SDK to Wallets: The Expansion
This isn’t just a one-and-done proposition, either. The Blockchain Keystore first made its debut back in July and has been part of Samsung’s blockchain and decentralized application (DApp) Software Development Kit (SDK). This SDK is a multitasker, providing not just account management but also backup, payment facilitation, and digital signature services. It’s like the Swiss Army knife of digital wallets.
Competing Blockchain Smartphones
Of course, Samsung isn’t alone in the quest for the perfect blockchain phone. The Taiwanese giant HTC has thrown its hat into the ring as well with the Exodus, launched back in 2018. Meanwhile, Israeli startup Sirin Labs tried to make waves with its Finney smartphone but soon faced the brunt of the 2018-19 cryptocurrency bear market, leading to some drastic layoffs. It’s safe to say that when it comes to blockchain, survival of the fittest is the name of the game.
Final Thoughts
As we hurtle deeper into the world of cryptocurrency, Samsung’s latest move melds technology with an evolutionary approach to decentralized finance. Stay tuned, because with updates like these, it seems the future is not just bright; it’s also coming packed with virtual coins!
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