Topic: Samsung says that smartphones are the safest way to store cryptocurrencies - page 9. (Read 16989 times)
July 29, 2018, 03:49:16 AM
If that is true may crypto holders will switch to SAMSUNG smartphones because of its security and compatibility of crypto wallets to users. I think that would be useful too because many transaction is done by only by the use of smartphones.
July 29, 2018, 03:41:07 AM
Mobile app wallets are basically optimized for retail transactions to paying for stuff with bitcoin or another cryptocurrency.
But because your encryption keys are stored on the phone, you lose your coins if you lose your device. Personally I think it is not an option for the masses to store their coins on their phone. People loose or break their phones all the time. Also imagine what would happen if your fingerprint scanner malfunctions. You wont be able to reach your find until you fix your phone in a service center.... not a good idea.
Damns samsung is just trying to get into the market first. It is not serious from their side. All they want is to convince crypto holders that they should switch to samsung because soon it will be the no1 crypto-compatible phone company...
But because your encryption keys are stored on the phone, you lose your coins if you lose your device. Personally I think it is not an option for the masses to store their coins on their phone. People loose or break their phones all the time. Also imagine what would happen if your fingerprint scanner malfunctions. You wont be able to reach your find until you fix your phone in a service center.... not a good idea.
Damns samsung is just trying to get into the market first. It is not serious from their side. All they want is to convince crypto holders that they should switch to samsung because soon it will be the no1 crypto-compatible phone company...
July 29, 2018, 03:25:37 AM
Samsung Phones would now have the capacity to fill in as hard wallets? This is inconceivable! It will be more worthwhile for us since we would now have the capacity to bring our hard wallets wherever we go?
July 29, 2018, 03:22:23 AM
Samsung Electronics, a giant of the Smartphone manufacturing industry, recently commented through its official blog that cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
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The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
I think it's good to store cryptocurrencies on smartphones. It is convenient, easy for newbies on crypto world and all the current people using bitcoin. But do this smartphones can protect our coins? Is this smartphones not prone to hackers. If this is smartphones can do this then it's very good.
July 29, 2018, 03:21:47 AM
Samsung Electronics, a giant of the Smartphone manufacturing industry, recently commented through its official blog that cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
It could be useful that smartphones can be use to store cryptocurrencies. But what about if we lose that phone what will happen? And are we safe with the hackers trying to hack our phones?
It's the most secure in terms of what exactly? It cannot be hacked? I don't think it's very difficult for a hacker to get into a mobile phone, but I'm not one myself so cannot comment accurately on that. Is it stored in a cold environment on the phone that cannot be accessed unless the user opens it with the key?
And of course, the question of loss. I think that if you lose it, it would be the same as losing your wallet. This might also make phones a new target for theft, as hard drives have become. You never know how many crypto coins could be hiding on a hard drive these days. Imagine if you told someone 10 years ago that they could keep a million dollars worth of money on a hard drive. They'd call you crazy!
July 29, 2018, 03:20:25 AM
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
First Opera says people can store coins inside of their browser, then Samsung says smartphones are great for storing cryptos... There are some serious problems with this statement. The first problem is that while flash drivers don't usually break, so the wallet is probably safe if you make sure you know where it is, a smartphone can break by simply falling down to hard from a table. The second problem is that people lose their phones quite often. Surely if you stored your keys not on the phone, the wallet will probably not be accessed, you won't be able to get to your coins as well. Another issue is that it is weird to recommend storing coins on a smartphone that doesn't connect to the Internet regularly. Who on Earth would use a smartphone without the Internet? The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
July 29, 2018, 03:15:11 AM
It is a great news, smartphones are now open to accept cryptos. Using smartphones as a cryptowallet will be very useful and easy t o use. Wallets will be easy to access without the use of internet and surely they have something on their mind to retrieve our Cryptos in case we lose our phone.
July 29, 2018, 03:14:39 AM
Samsung Electronics, a giant of the Smartphone manufacturing industry, recently commented through its official blog that cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
It could be useful that smartphones can be use to store cryptocurrencies. But what about if we lose that phone what will happen? And are we safe with the hackers trying to hack our phones?
July 29, 2018, 03:12:53 AM
Samsung or smartphones are just the same for me because it depends on the wallet that you're raising your money for your bitcoin because there is no cellphone to talk about when losing your funds to bitcoin it depends it defferent wallets of bitcoin or websites.
July 29, 2018, 02:57:34 AM
Samsung Electronics, a giant of the Smartphone manufacturing industry, recently commented through its official blog that cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
perhaps it has anything to do with the fact that they're major mobile phones manufacturer? Have you heard of them developing hardware wallets or computers? I did not
July 29, 2018, 02:57:28 AM
therefore, you should use a secure wallet key. do not store crypto assets in gadgets with a large amount. ledger is a priority place to store your assets with a large amount.
samsung always has a good response and supports crypto growth.
samsung always has a good response and supports crypto growth.
July 29, 2018, 02:49:56 AM
I think the smartphone becomes a place to store assets is not too safe because smarrtphone very easy once picked or stolen by others.
July 29, 2018, 02:49:19 AM
Samsung Electronics, a giant of the Smartphone manufacturing industry, recently commented through its official blog that cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.
The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.
The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).
The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.
Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).
Did you like this article? Don’t forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.
Want to BUY BRAZIO COIN? Check out Braz.io for more info.
It could be useful that smartphones can be use to store cryptocurrencies. But what about if we lose that phone what will happen? And are we safe with the hackers trying to hack our phones?
Take coinomi mobile wallet as an example. As long as you keep mnemonics secure, you will be able to retrieve your funds. And for transfers user need to have password.
July 29, 2018, 02:41:59 AM
if samsung says it's good news for crypto users
now many exchangers are hacked so investors are afraid to buy crypto
hoping with this news more and more crypto investors
now many exchangers are hacked so investors are afraid to buy crypto
hoping with this news more and more crypto investors
July 29, 2018, 02:37:56 AM
I am really happy and also surprise to know that now we can use the smartphones as new hardware wallet just like the other hardware wallets like Trezor , and Ledger Nano S. This really shows that now the compatition is going to go in a tough way for all the smartphone companies like Apple, HTC, Microsoft, and Nokia and they will try to make some new cryptocurrency supported services and tools like wallets, exchanges, software by which crypto trading will run in a much smoother way.
July 29, 2018, 02:20:00 AM
absolutely true, I joined into bitcoin by smartphone sinces last year, it's not only the safest way to keep our identity and wallet address or something, it's kinda pretty simple as well to do anythings like bounty campaign, so it's like all the important and profitable things is just in your hand.
July 29, 2018, 02:12:37 AM
Smartphones are the most secure way to store cryptocurrencies untill someone steals your smartphone,or you lose it,or it breaks. 
What happens if some of the above happens?Can the Samsung developers answer this question?
I prefer my crypto wallets to be on some other device,with private keys printed and stored in my basement.
What happens if some of the above happens?Can the Samsung developers answer this question?
I prefer my crypto wallets to be on some other device,with private keys printed and stored in my basement.
July 29, 2018, 02:04:33 AM
I heard that several companies have already developed smartphones with an integrated wallet for crypto currency storage. Thus, if the wallet does not have an Internet connection, the attackers will not be able to steal the means from it - this is possible only with direct physical access to the information carrier. However, this is also the main minus of such a wallet: it can only store crypto currency, but does not allow using it directly.
July 29, 2018, 01:53:34 AM
This has already been discussed like 2 days ago: https://bitcointalk.org/index.php?topic=4757263.0;all
July 29, 2018, 01:49:02 AM
In my opinion this is very beautiful application of the Pavel Durovs telegram dream about United payment system which would be allocated on Smartphone and powered with cryptocurrency that you can pay for some things.
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