Topic: Samsung: Smartphones are the Most Secure Device When Using Cryptocurrency - page 4. (Read 1222 times)
August 20, 2018, 09:06:42 PM
Maybe one of them is true, but it's all come from us. Don't let people know your seed, don't use free vpn apps, just sownload app from google play,.. Keep in mind of those then you will never be hacked. For example, just a few days ago, alot of people using Myetherwallet lost all token in their wallet because they used HolaVPN - a free extension. Because Hola is a P2P network, you and some one else can actually in one proxy server, that's explanan everything.
August 04, 2018, 09:08:55 PM
Excellent thread very informative, thanks for sharing mate. Smartphones aside from being handy and portable, has become a vital part of our daily life for communication. This news might encourage other leading and big mobile phone industries to adopt and promote cryptocurrency as part of their marketing strategy. Mobile phone plus cryptocurrency is a perfect combination for a brighter future in the blockchain era.
I glad to help for this forum. Always care in scammers and hackers .
August 03, 2018, 12:42:12 AM
Excellent thread very informative, thanks for sharing mate. Smartphones aside from being handy and portable, has become a vital part of our daily life for communication. This news might encourage other leading and big mobile phone industries to adopt and promote cryptocurrency as part of their marketing strategy. Mobile phone plus cryptocurrency is a perfect combination for a brighter future in the blockchain era.
August 02, 2018, 11:52:56 PM
And aren’t Samsung phones adopting iris scans now for added protection? Then yes. These kinds of smartphones will make great gadgets for protecting cryptos and other transactions.
August 02, 2018, 01:05:01 AM
I prefer smartphones over laptop because they are more convenient to carry about unlike laptop.
August 02, 2018, 12:30:07 AM
According to Samsung, the $290 billion behemoth which dominates every major industry in South Korea, smartphones are the safest device to use when transacting using cryptocurrency
Smartphones Over Laptops
Smartphone wallets such as Blockchain and Jaxx are the go-to applications the majority of cryptocurrency users utilize to send and receive payments with digital assets.
Joel Snyder, a senior IT consultant, a contributor to Samsung Insights, explained in a recent paper that smartphones are significantly more secure than laptops and other devices, because of the presence of the Trusted Execution Environment(TEE)
Most smartphones have a native environment called the TEE, which operates as a separate execution environment with its own memory and storage, isolated from the device. Hence, not even the operating system (OS) like Android can reach into the TEE and potentially initiate alterations in its memory.
In an event of a hacking attack or a security breach, attackers cannot possibly break into the TEE and attempt to steal data such as the private keys of cryptocurrency wallets because the TEE exists completely independent of the device.
On laptops or computers that rely on conventional persistent storage units such as a hard disk or an SSD, a hacker can easily break into the storage and steal valuable financial information, including data pertaining to cryptocurrency wallets, that could lead to the loss of funds and holdings stored in digital assets.
Snyder explained:
As we all are aware with the reliability of the Samsung company, it is well known smartphones and tablets, computer and many other electronic devices company and it is also well known for its trust and faith of its user and as I stated in my earlier posts also that what makes a company trustworthy is its safety and confidentiality and if Samsung will starts using bitcoin then no doubt Samsung will become the more safer and confidential company as we all know that how safer and confidential the bitcoin is. Smartphones Over Laptops
Smartphone wallets such as Blockchain and Jaxx are the go-to applications the majority of cryptocurrency users utilize to send and receive payments with digital assets.
Joel Snyder, a senior IT consultant, a contributor to Samsung Insights, explained in a recent paper that smartphones are significantly more secure than laptops and other devices, because of the presence of the Trusted Execution Environment(TEE)
Most smartphones have a native environment called the TEE, which operates as a separate execution environment with its own memory and storage, isolated from the device. Hence, not even the operating system (OS) like Android can reach into the TEE and potentially initiate alterations in its memory.
In an event of a hacking attack or a security breach, attackers cannot possibly break into the TEE and attempt to steal data such as the private keys of cryptocurrency wallets because the TEE exists completely independent of the device.
On laptops or computers that rely on conventional persistent storage units such as a hard disk or an SSD, a hacker can easily break into the storage and steal valuable financial information, including data pertaining to cryptocurrency wallets, that could lead to the loss of funds and holdings stored in digital assets.
Snyder explained:
“This is why smartphones have an edge over laptops and desktops for cryptocurrency wallets: without the benefits of the hardware-based TEE, the keys are more vulnerable. There is a significant caveat: a naïve wallet developer might choose to simply store the keys on the normal internal storage of the phone, in which case there’s little additional protection from using the smartphone platform. Or the wallet itself might be malware, in which case all bets are off. But with the right wallet leveraging the benefits of smartphone TEE, there’s no place safer to store your money.”
August 01, 2018, 03:13:54 AM
Thanks for the tip! I would keep that in mind. One can never be too sure nowadays. Not saying that we should exclusively use smartphones for cryptocurrency, specifically Samsung and Android. The idea is to be unpredictable by using multiple devices.
July 31, 2018, 08:57:31 AM
Given that there is another unique operating system that is the IOS operating system, claiming Samsung is the best will be bit too quick. The security depends on how good the smartphone is. Given it is leading among the competitors, it could be one of the best.
One of the best amongst the smartphones. That I could allow for Samsung. To say anything more is exageration at best, outright freud at worst. We'll have only to wait until people start losing money based on their claims, unfortunately.
July 31, 2018, 07:22:11 AM
Well, thay can advertise all they want, I will not transact in my mobile any larger amount in crypto that I can afford to lose. I just can't see any sound logic behind those statements of Samsung and the common sense says it is all bulls..t too.
July 31, 2018, 07:03:35 AM
smartphones, bitcoin and crypto world is a facility that will be used for transactions in the future, it will be more perfect and easier.
samsung is a smartphone that supports crypto growth, they created Samsung S10 with ASIC card, and I think Samsung will be a smartphone that can realize bitcoiner dreams.
As far as i know, there are more developed hacking system with the use of desktop and laptop rather that smartphones, that is why maybe we can think cellphones are more secured to use rather that the other stated earlier. But as you dig deeper, it really depends on the user, there are a lot of application where you can seek help in blocking virus and such, but sometimes those apps may also be the reason for your gadgets having virus. The best thing is to avoid going to suspicious sites and such in able to prevent attack. We all need to be careful especially crypto, bitcoin to be exact is making its name in the market. samsung is a smartphone that supports crypto growth, they created Samsung S10 with ASIC card, and I think Samsung will be a smartphone that can realize bitcoiner dreams.
July 31, 2018, 05:11:58 AM
I am totally agree with this news. Because Samsung already join this market. As far I understand Samsung wallet is more safer than the other wallet. I believe it has the ability to secure my device.
July 31, 2018, 04:58:47 AM
Goodnews indeed, besides of computers, there is smartphone that is smoothly used by people when it comes to social media online, the advantage of the smartphones in computers and laptops is that smartphones can be easily bring anywhere, a so-called portable devices that suits to people in online social business that everyone needs off.
July 31, 2018, 04:51:13 AM
From my point of view this is totally true. Personally I don’t believe that much the others system. Samsung wallet is much better than the other wallet. As Samsung joined crypto so I think a new revolution will take place.
July 31, 2018, 01:59:43 AM
This probably is geared towards Samsung making a smartphone specifically for the crypto users that promises security of their money. Probably another marketing strategy and i think this is good for us.
July 31, 2018, 01:16:16 AM
I think it is Samsung's right to think that, at present, not many hackers are concerned about the operating system of smartphones such as Android, iOS, etc. Security experts of large phone companies have done very well about the security of user information. Errors are maintained daily, with fewer errors related to the operating system on smartphones.
July 31, 2018, 12:09:35 AM
I always thought smartphones were a lot safer due to most likely less malware targeted at them(though not 100% sure), unless your phone is rooted and you're giving a lot of special permissions to random scammy apps. Though I've always though up to date iPhones were more "secure" compared to Samsung phones or android phones in general.
Nothing beats a hardware wallet over-all in terms of security+ease of use though.
Nothing beats a hardware wallet over-all in terms of security+ease of use though.
rooting however is necessary for jailbreaking. but you're right its not targeted by the hackers. Samsung and HTC might just be the first mobile companies that will release smartphones for crypto. HTC had already announced their Exodus though its unclear yet when it will be release, this phone will be used by crypto users.
July 31, 2018, 12:05:24 AM
no i dont think so
when the phone is lost or stolen then you will lose all your assets
when the phone is lost or stolen then you will lose all your assets
Not necessarily, if at the time of creating the wallet on your smartphone you copied the seed on a sheet of paper, you can restore it on a new device. The only problem you can have is that someone steals your mobile and manage to guess the wallet password, but if you react quickly, restore the wallet and send the funds to another different wallet of yours, you will not lose your coins.
Yes . We can do if someone use mobile phone . Be aggrrsive if your phone are steal . Thats my point in my started topic
July 30, 2018, 03:07:23 PM
I agree with this statement. Because when Samsung starts to using cryptocurrency they become more secure. Peoples are using Smartphone for browsing their secure accounts and many website also. So people need security.
July 30, 2018, 02:11:59 PM
I like Samsung the most as a smartphone. It is safe to use and can handle the virus and other hackings better than other brands. So, it is safe to use Samsung while dealing with cryptocurrency. This lessen the chances of tokens being hacked.
July 30, 2018, 12:48:30 PM
Every device is safe if you have 100% control over it. I suggest you use device fully under your control, do not use spammy apps which stoles info, use a good security app and do not use public network most of the times as the probability of phishing will be really high.
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