Samsung Electronics is a consumer electronics company likely to launch a cryptocurrency called Samsung coin after the development of a blockchain network called blockchain mainnet. The blockchain TF is said to be actually developing the network. It was developed last year.
“We expect Samsung Coin to come out in the market, but the direction has not been decided,” said by the official.
The goal of the development of the blockchain has not clearly come out yet. The blockchain is under an internal experimental phase yet. One person associated with an internal situation of Samsung said, “Right now I am thinking of B2B as a private blockchain, but it has not yet been confirmed. I could go public chain in the future, but I think it will go to Hybrid mode, which is a mixture of public and private.”
If a public blockchain is developed, then anyone will be allowed to buy and sell ‘Samsung coin’. The cryptocurrency can be listed on Codex which is a universal, safe and convenient cryptocurrency exchange.
Samsung Electronics is a South Korean multinational electronics company which was founded in 1969. It is located in Suwon, South Korea.
He added, “The Galaxy S10 password wallet also supports Etherium and Etherium-based erc-20 tokens. We are developing into an etherium based blockchain.”
Samsung Electronics has launched the Galaxy S10 last year. The Galaxy S10 was equipped with a blockchain wallet. The wallet on the Galaxy S10 contains two functions viz., the first one is a wallet functionality, Etherium and ERC-20 based cryptography can be sent and received through the wallet functionality and the second one is a decentralized application (DApp) experience, Coindesk Korea reported.
The electronics company Samsung Electronics is considered as a global leader in technology and also leading in the Internet of Things (IoT) space. It is created to revolutionize network systems, medical devices, wearable devices, semiconductors, LED solutions, smartphones, tablets, digital appliances, according to the official LinkedIn account of Samsung Electronics.