Published: 2018-11-30 18:40:15
Sirin Labs’ $999 Blockchain Phone Ready For Pre-Order
A new blockchain smartphone has been released to the market. Blockchain and crypto users will now have a cryptocurrency-related smartphone developed by Sirin Labs. During an event in Barcelona, the company launched the FINNEY smartphone that comes with an embedded hardware wallet and it is priced at $999.
The company raised $157 million through an Initial Coin Offering (ICO). However, the company will have to show whether it is possible to offer improved user experienced with so few dApps launched to the market.
Nimrod May, the company’s chief marketing officer, informed that the project aims to be shipping the devices between December 15 and 25. In order to produce the devices, Sirin Labs partnered with the electronics manufacturers in the world, Foxconn, with the intention to produce the devices.
Pre-orders can be made by holders of the sirin (SRN) token. However, new payment channels will also be enabled for users to purchase the new blockchain phone. Some of the main features of this device include conversion rates between virtual currencies automatically displayed through special ‘liquid partners.’
At the same time, using a specific algorithm, it would be possible to determine appropriate network fees by checking the congestion of the underlying blockchains. The phone includes a new and specifically designed operating system known as SIRIN OS. According to the company, this is an ‘ultra secure’ and fork of Android that was certified by Google.
The smartphone will also have a 128GB memory, 6GB RAM and it includes the embedded cold storage wallet. This wallet supports the most important and largest virtual currencies and tokens in the market, it has a 2º Multi-touch Safe Screen and it includes a Secure Hardware Element.
Although Finney is the first of these blockchain phones in the market, there are other brands that are already thinking and working on different crypto-related smartphones. This is the case of HTC that promised a device thinking about virtual currencies. Pundi X has also shown interest in the matter.
Due to the fact that the phone is pretended to carry virtual currencies, it must have a very secure system to operate. The company has a team that has experience in cybersecurity issues and that has been working with artificial intelligence and other systems.
With the hardware wallet integrated into the phone, users will be able to store their virtual currencies in a very secure way without having to rely on a third-party device.
For individuals to start using the applications, there is a new dApp stored called ‘dCenter.’ It will work in a similar way as the App Store. In the future, the company wants to release a software development kit for engineers to advance their peer-to-peer use cases.
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