New Samsung Galaxy S10 Keystore Crypto Wallet Will Work with Bitcoin (BTC), (ETH), CosmoCoin (COSM)

Samsung’s next smartphone, Galaxy S10, will support cryptocurrencies. As well as the popular Bitcoin and Ethereum options, one surprise, though, is that you will be able to store CosmoCoin (COSM) on the phone.

According to reports from the Associated Press, CosmoCoin is the first partner of this new initiative and it will be one of the first companies to have decentralized apps on the phone’s native crypto wallet.

CosmoChain, The First Dapp Partner

CosmoChain is a new decentralized and blockchain-based app that is mostly focused on the beauty industry. The goal of the app is to encourage the creation of content that can help people to take care of their skin and it offers rewards for the content creators.

The system will also allow the customers to review many different beauty products as well.

The CEO of CosmoChain, Howon Song, has affirmed that this is a very important moment for the project, as the partnership with Samsung will enable the company to be a leading project in the blockchain industry and COSM tokens will be put side by side with Bitcoin and Ethereum, which will give a boost to the fame of the project.

According to the reports, the cryptocurrency will also be used in the products of COSMEE, the company that created the COSM tokens.

COSMEE is a blockchain-based platform that already has 300,000 downloads for its app and 70,000 user reviews since its pilot was launched back in August last year. The full version of the dapp is yet to be launched. It will operate on top of the Know platform.

Why The Samsung Galaxy S10 May Hold Cryptocurrencies:

One of the most intriguing details about the smartphone is Exynos 9820 processor that many believe will be key in integrating a cryptocurrency wallet directly into the phone. While the processor was released last November, there were a number of upgrades over the previous model (9810) that have the crypto community excited. 8K UHD, Neutral Processing Unit (NPU), as well as Physical Unclonable Function (PUF).

The last one, PUF, is believed to be the key to bridging the phone to crypto. As this technology helps chipmakers store encryption keys.

According to Samsung:

“The Exynos 9820 features a physically unclonable function (PUF), also known as a digital fingerprint, to manage personal data in perfect isolation, making for more reliable security. PUF generates an unclonable key for data encryption by using the unique physical characteristics of each chip. While the PUF creates a unique digital fingerprint, the security subsystem is a secure key manager that supports other security protocols, such as key generation, storage and derivation.”

Read Also: Private Keys: Top Tips On How To Securely Store A Crypto Wallet Seed Key

About Galaxy Keystore

Galaxy Keystore will be the name of the built-in wallet that the new smartphone will use. The wallet was leaked on January 27, together with photos from the phone.

At the moment of this report, several videos about the product were already on the internet, so the launch will be anything but a secret.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Second Half of 3-Yr Bull Market: Ether’s Crazy Run has 90% of its Supply in Profit

This past weekend, the price of Ether went past $400 to as high as about $420, a level last seen in July 2018. This...

Teenage Mastermind Behind the Twitter Hack Owns $3.39 Million in Bitcoin (300 BTC); Bail Set At $725k

The 17-year old Twitter-hack mastermind holds over $3 million in BTC value with only $725,000 set for bail. In a bizarre moment last month, Twitter...

Bitcoin (BTC) Jumped to $100,000 on Binance Futures

There have been several predictions that see Bitcoin hitting a six-digit figure. On Sunday, this became a reality, very briefly, thanks to an algorithm. Bitcoin...

Flash Crash Caused Serious Network Congestion for ETH, ETC, And ERC 20 Tokens on Coinbase

On August 1, the Ethereum's blockchain faced a spike in network transaction fees, causing a backlog in transfers across several exchanges. Coinbase and Binance,...

Bitcoin’s Wild Weekend Reminiscent of 2017 Bull Rally, ‘Higher Highs Ahead in 2020'

This past weekend, bitcoin had a rough time as the largest cryptocurrency made its way past $12,000 to $12,112 in trading just after midnight...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today