Samsung Adds Bitcoin Support to Blockchain Keystore

South Korean electronics giant Samsung has added Bitcoin support to its decentralized applications (Dapps) store Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Keystore.

Samsung first introduced support for Dapps in March with the launch of its latest flagship smartphone S10. However, the crypto storage and transactional support were only limited to Ether and other ERC-20 tokens.

In addition to Bitcoin, the electronics company also added support for Klaytn, the digital currency launched by the South Korea internet giant Kakao to Keystore.

The support for the two new cryptocurrencies was added to the developer kit (SDK) for its S10 lineups (S10e, S10, S10+, and S10 5G), along with the latest Note phones - Note10 and Note10+.

The SDK allows Samsung phone users to link blockchain addresses to their Blockchain Keystore account and carry on crypto transactions, as well as backup and digital signature facilitation using the platform.

However, for the time being, the service is limited to six jurisdictions only - South Korea, Canada, Germany, Spain, Switzerland, the United States, and the United Kingdom.

Expanding blockchain support to mobile devices

Although the blockchain support is limited only to Samsung's flagship devices, the company is expected to bring support to budget Galaxy devices as well.

Samsung is also betting big on bringing DApps support to its mobile devices. In the initial phase, the phone maker added support for crypto gaming platform Enjin, beauty community Cosmee, crypto-collectibles platform CryptoKitties, and merchant Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term service CoinDuck.

Earlier this month, Samsung added more than a dozen Dapps to its Blockchain Keystore, bringing the total number of supported apps to 17.

Just like Samsung, other phone makers are also slowly integrating blockchain support on mobile devices. Last month, LG filed a trademark application for an electronic wallet that can store digital currencies.

Meanwhile, Samsung also invested €2.6 million (around $2.9 million) in French crypto hardware wallet manufacturer Ledger.