Samsung Blockchain Wallet will now be able to manage and trade cryptocurrencies from third-party hardware wallets through an update on compatible Galaxy smartphones. Galaxy smartphone users will also be able keep up with latest trends in the cryptocurrency system with a dedicated newsfeed app from leading news outlets. The Blockchain Wallet already supports Bitcoin, Ethereum, and other cryptocurrencies.The update for Samsung’s Blockchain Wallet was announced on its press site. The release reads, “support for hardware wallets provides Galaxy blockchain with a consistent user experience of managing crypto assets from one convenient location. In addition to the Samsung Blockchain Keystore, Galaxy smartphones can now connect to hardware wallets including the Ledger Nano S and Ledger Nano X.”Since Samsung launched the Galaxy S10, it supports Bitcoin, Ethereum, ERC tokens, Tron (TRX), and TRC tokens, as previously mentioned. It also allows Galaxy users to explore Decentralised Apps or DApps that use blockchain technology to authenticate the exchange of digital assets, aka cryptocurrency.Samsung claims that its blockchain transactions will be made secure using its defense-grade Samsung Knox security platforms. “The private keys used for cryptocurrency and DApps are encrypted and stored in an area isolated from the main operating system called the Samsung Blockchain Keystore,” the press release states. “This information is further protected by a secure processor and can only be accessed by providing the asset owner’s PIN or fingerprint.”The South Korean tech giant will allow developers access to its blockchain ecosystem with the Samsung Blockchain SDK. “Developers can build DApps that generate, store, and manage blockchain accounts easily and process transactions with APIs dedicated to each ledger system,” reads the statement. “It also provides APIs allowing DApps to securely sign for transfers of virtual assets using third-party hardware wallets.” To learn more about Samsung’s Blockchain Wallet and the Galaxy Blockchain ecosystem, head over to Samsung’s website.Affiliate links may be automatically generated – see our ethics statement for details. Cryptocurrency Prices across Indian exchanges For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.
Satvik Khare is a sub-editor at Gadgets 360. His proficiency lies in educating how technology makes life easier for everyone. Gadgets have always been a passion with him and he’s frequently found finding his way around new technologies. In his free time he loves tinkering with his car, participating in motorsports, and if the weather is bad, he can be found doing laps on Forza Horizon on his Xbox or reading a nice piece of fiction. He can be reached through his Twitter
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