The smartphone industry has undergone a lot of change. Old standards like the SIM card have become obsolete, and old technologies are being replaced by new ones. As a result, blockchain-powered phones have begun to hit the market. Designed to secure the storage of crypto-currencies, these devices aim to ease crypto-payments and facilitate management of virtual assets. Though, will they be the next big thing? Or exactly what they even are? Keep reading to get answers to all these questions….
What are Decentralised phones?
Blockchain phones, or decentralised phones, are a new category of mobile devices with the goal of giving users greater anonymity and safety than is possible with conventional smartphones. Distributed ledger technologies like blockchain are utilised by decentralised phones to ensure that user data is safe from hacking and manipulation. This is in contrast to traditional phones, which rely on centralised servers and data storage facilities to manage and store user information.
Due to their lack of a centralized server, these phones are appealing to those who value the secrecy of their personal information and the safety of their financial activities online. Decentralized phones have the ability to offer both increased security and a more streamlined user experience than their centralized counterparts by doing away with the need for users to switch between different apps and services to handle their various data needs.
Why people think they could be the next big thing?
In brief, let’s take a look at some of of essential building blocks or features of Decentralised phones that give us hope that these could be the next big thing:
They’re based on the blockchain
Decentralised phones are a relatively new concept that has emerged as a way to keep costs low with security high. They’re designed to send every tiny bit of data through the blockchain rather than a centralized mobile carrier.
These phones are being developed by a variety of companies looking to revolutionize the way we communicate with each other. Companies like Dent Wireless and QLink have built their services around eSIMs, which are based on the blockchain. They offer a wide array of services, from wi-fi sharing to mobile data. Moreover, they can also serve as decentralized marketplaces for dapps, which makes them a good choice for those who want to start using crypto. They can even provide secure private key storage for crypto assets.
As of 2018, there weren’t many blockchain phones on the market, but they are gaining popularity in recent months. In fact, many prominent upcoming devices are expected to hit the market soon. A few upcoming blockchain phones are in the works, including the Nothing Phone from Polygon. It’s a layer-2 network and Ethereum scaling solution that’s powered by a blockchain-based identity solution called Polygon ID.
They’re secure
Decentralised phones are an emerging ecosystem of blockchain-based apps that look and feel like mobile apps but run on public, peer-to-peer networks rather than private servers from big tech companies. This is called Web 3.0, or the decentralized web, and crypto phone makers are aiming to make it accessible for everyone.
These phones provide next-level data security as they don’t rely on centralized servers. Instead, they store data on their own hardware and have encryption built-in to keep your information secure. This means that if you lose your phone or it is hacked, no one will be able to access your data.
They also offer a wide range of features that you wouldn’t find on a regular smartphone, including secure private key storage, crypto wallets and built-in dapp marketplaces. This makes it easier to store and transfer your crypto assets securely, as well as to participate in cryptocurrencies’ consensus and mine different types of coins. Aside from security, crypto phones are an easy gateway to the decentralized web. They allow you to download Web3 applications without the need for a central server, which is a big deal for crypto enthusiasts who want to interact with the world’s biggest digital economy from anywhere.
HTC’s Exodus 1 is a crypto-centric device that was announced in 2018. It is designed to double as a crypto hardware wallet by keeping its cryptocurrency private keys on a separate micro-operating system (OS) that runs in parallel with Android. The Exodus 1 uses technology developed by SoftBank Group’s Arm Holdings to keep a customer’s cryptocurrency safe from hackers.
It’s not the first attempt at a crypto-centric smartphone. Sirin Labs pursued plans in 2018 to ship a blockchain-native phone, but faced layoffs and litigation as the product failed to gain traction. Other crypto-centric devices include the Saga, a $1,000 phone launched by Solana that will have a seed vault for storing private keys and a software development kit to help developers build dApps. It will also come with a dApp store and token conversion center.
These phones have a lot of promise, but they still have a long way to go before they become mainstream. While they’re a big step toward a future where the decentralized web is fully in place, these phones won’t be able to completely transform the internet as we know it. Ultimately, it will depend on the developers who develop Web3 applications and how they bring them to the mainstream.
They’re starting to get cheaper
Decentralised phones are a relatively new concept, but they’re starting to attract attention from smartphone manufacturers. They’re a combination of a standard phone with a crypto-wallet inside, and are meant to be the gateways to a future version of the internet.
While they’re still a niche product, there are several blockchain-powered smartphones on the market that are available for affordable prices. Among them, the Electroneum M1 and the Sirin Solarin are two of the cheaper models.
The Sirin Solarin is a stylish handset that has multiple levels of security and privacy features. The 8-center processor, 24 MP camera and 2560 x 1440 resolution make it a powerful device. It is a USA-based privacy-first decentralized smartphone, which runs on ClearOS. Its 360-degree security control blocks ads, cookies, trackers, behavior profiling, phishing, viruses and spyware. Moreover, it has an amazing storage capacity that will allow you to store your files and documents without worrying about losing them. The Android-based system also has a fingerprint scanner and a USB Type-C port, so you can use your phone with ease.
There are plenty of other security-first models, including the Librem 5. It has a Google-certified modification of Android with cyber protection, a wallet, DApp store and token conversion. Its sliding Safe Screen activates cold storage wallets, and it comes with a spare battery for your convenience.
While these smartphones may be a little more expensive than other phones, they’re worth the investment for anyone who wants to get into the crypto game. They’re especially ideal for those who want to protect their data and privacy, or even for security professionals who need a more streamlined way of managing their assets.
Conclusion:
The most popular brands working on decentralized concept include Samsung, LG and HTC. These smartphone companies are just the tip of a crypto phone iceberg, with many more brands in the works. Although there are many benefits to using these devices instead of a standard phone, there are also obstacles that must be overcome before they can become widely used. However, the demand for decentralised phones is expected to rise in the coming years as more people become aware of the hazards to their privacy and security posed by conventional cellphones.
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