Sirin Labs Finney – SmartPhone Cryptocurrency Payment Blockchain ICO?
Finney is a blockchain smartphone and all-in-one PC built by the team at Sirin Labs. Find out everything you need to know about the system today in our review.
What Is Sirin Labs Finney?
Finney is the world’s first open source blockchain smartphone and all-in-one PC. The technology is being developed by Sirin Labs, the company behind an ultra-secure mobile phone called Solarin.
To develop their Finney smartphone and PC, the company is launching a crowdsale. The crowdsale is expected to take place in October, although a date has not yet been announced.
Finney devices are designed to emphasize security. They’re described in the Sirin Labs whitepaper as “the first cyber-protected, blockchain-enabled mobile phone and PC”, where users can “enjoy the functionality of Android” while also embracing security.
The name “Finney”, by the way, was chosen to honor bitcoin pioneer Hal Finney, who passed away in 2014.
How Do Finney Devices Work?
Finney devices are built on blockchain technology. Specifically, all Finney devices form an independent blockchain network – a distributed ledger that’s both scalable and lightweight. That ledger is powered by IOTA’s Tangle technology along with Sirin Labs’ in-house security ecosystem.
Using this technology, Finney can be free from centralized backbones and mining centers. The goal is to provide fast, fee-free, secure transactions.
The devices are built on an open source operating system called Shield OS. That operating system will inherently support blockchain applications – including a cold storage crypto wallet, secure exchange access, encrypted communications, and a P2P resource sharing ecosystem for payment and apps. The ecosystem will be supported by the SRN token, which is the default currency of the Finney network.
Sirin Labs is launching Finney devices on its own. However, the company also plans to partner with consumer electronic OEMs to promote the adoption of Finney architecture, the software platform, and the SRN currency.
There are three core parts of the Finney product lineup so far, including a smartphone, a PC, and Shield OS.
The smartphone will be priced around $999. It emphasizes ultra-security and impeccable design. The smartphone will use blockchain and cryptocurrency trading algorithms to ensure the integrity of all transactions. Some of the features and tech specs include:
Secure P2P resource sharing via Shield OS and blockchain technology, including a built-in hardware cold storage crypto wallet and distributed ledger consensus
Sirin Labs cyber protection suite that offers behavioral based intrusion prevention, blockchain-based full tampering proof, a physical security switch (to protect your wallet), secured communications (VoIP, text, and email), and three factor authentications (biometric, iris and finger, lock pattern, and behavioral).
- 5.2” QHD display
- 256GB internal memory
- 8GB RAM
- Wi-Fi 802.11ac
- Bluetooth 5.0
- 16MP main camera
- 12MP wide-angle selfie camera
The Finney PC will be an all-in-one PC priced at around $799. The computer is built on “thin client” practices. It doesn’t have much in terms of hardware. However, you can purchase more hardware through the Sirin Labs P2P resource sharing protocol or cloud-based service – so additional processing power is available if you need it.
Key features of the Finney PC include
- Secure P2P resource sharing via Shield OS
- Cold storage for your cryptocurrencies
- The same Sirin Labs Cyber Protection suite used on the Finney smartphone
- 24” 2K display
- Biometric security
- 8GB memory
- 256GB storage
- Wi-Fi 802.11ac
Both the Finney smartphone and Finney PC will use the Sirin Labs Shield OS, an Android-based operating system with an ultra-secure cryptography core. The center of Shield OS has a distributed, scalable, lightweight, ASIC-resistant ledger. That ledger facilitates secure, peer-to-peer cryptocurrency transactions, fast payments, zero transaction fees, and easy resource sharing.
Another key feature of Shield OS is BlockShield, which is Sirin Labs’ proprietary technology to ensure the integrity of transactions. BlockShield consists of multiple protection layers, including Trusted Display, IP Address Hiding, and MAC Address Randomization.
You’ll be able to download Shield OS apps from a decentralized app store. The store will be an open, fee-less, censorship-free marketplace for apps. Developers will be able to distribute apps – including free apps or apps with in-app payments. The app store will also be managed by the community in a decentralized way, with the goal of letting the best apps rise to the top.
About Sirin Labs
Sirin Labs was founded in 2014 with the goal of creating the world’s most secure mobile phone. The company’s flagship smartphone, Solarin, was launched in May 2016. If you haven’t heard of Solarin, then don’t worry – it’s not designed for the widespread consumer marketplace, and it’s priced at $14,000.
Today, Sirin Labs sees an opportunity to use blockchain architecture to promote better security across the mobile industry.
Sirin Labs is based in Schaffhausen, Switzerland.
The Finney Token Sale
SRN tokens can be used to acquire Finney products and services. The token sale is scheduled to last for 14 days.
40% of the total supply of tokens will be distributed through the token sale. 10% will be allocated to OEMs, Shield OS implementation, SDK developers, and solid device rebates. 10% of the total number of SRN tokens will be allocated to founders and the team, 5% will be allocated for professional fees and bounties, and 35% will be allocated to Sirin Labs.
If Sirin Labs raises $50 million USD through their token sale, they’ll launch the Finney smartphone. They’ll launch the PC if they raise over $75 million, and they’ll launch the two devices plus Shield OS if they raise over $100 million.
The crowdsale is expected to take place in October, although a specific date has not yet been announced.
Sirin Labs Conclusion
Sirin Labs already made one of the world’s most secure smartphones. Now, with the Finney smartphone and PC, they aim to create the world’s first blockchain-based smartphone and PC. The devices will retail between $800 and $1000. They come outfitted with Shield OS, a blockchain-based operating system that can be extended to other devices outside the Sirin Labs family.
To learn more about Sirin Labs Finney, the upcoming crowdsale, and other unique features of the blockchain smartphone, visit online today at SirinLabs.com.
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