Blockchain technology has grown in popularity in a variety of businesses in recent years. Blockchains can safely and transparently store data and are currently being brought to the smartphone sector in the form of top Blockchain Smartphones.
So, what is a blockchain phone? Each device differs in terms of technology and functionality, but they are all intended to place a greater focus on blockchain, crypto, and decentralized apps than the ordinary iPhone or Android handset. The most popular feature is better security to secure your cryptocurrency and private keys, but some even let you run a full bitcoin node or mine Bitcoin from your mobile device.
Top blockchain smartphones are available at a number of price points, but like with everything, you get what you pay for with smartphones. Thus the less costly versions won’t be as competent as the more expensive flagship phones as all-around gadgets.
Blockchain Technology Explained
Before we get into the specifics of blockchain cellphones, let’s go through the basics of blockchains.
Blockchains are frequently discussed metaphorically. A blockchain, in truth, is not a physical chain; it is totally virtual. However, because this technology operates in a chain-like fashion, it is beneficial to think of blockchains as such. Blockchains may store data in a distributed ledger, a database shared by several devices. This is sometimes referred to as a peer-to-peer network, with each connected device designated as a node.
The nice thing about blockchain technology is that it revolutionizes data storage. Because of the way data is distributed across various parties, a blockchain is complicated to attack or modify. Given the prevalence of digital data breaches and theft today, blockchains’ higher security levels make them an appropriate technology across a variety of businesses, including the smartphone industry.
So, next, let’s define top Blockchain Smartphones and how it works.
What Is a Blockchain Smartphone?
A blockchain smartphone, as the name implies, is a mobile device that uses blockchain technology to store sensitive crypto-related information, such as private keys securely.
As previously stated, blockchain technology enables decentralized data storage. Today, many people prioritize data security and privacy, with unscrupulous parties constantly devising new ways to gain access to your critical information.
Cybercriminals now target cellphones and printers in addition to PCs. Crime in the cryptocurrency business is also rampant nowadays, with victims losing hundreds, thousands, or even millions of dollars as a result of complex frauds. Because of this constant threat, it is critical to secure one’s data.
This is where blockchain cell phones enter the picture. Using a blockchain to store specific data significantly reduces the likelihood of a breach. Blockchain cell phones do this through the use of a built-in hardware bitcoin wallet. A hardware wallet is a physical device that can store private keys offline, making it far more difficult for fraudsters to steal your information.
Decentralized apps, or DApps, can also be supported by blockchain devices. DApps, which, unlike traditional programs, are created on blockchains and are frequently open-source, has grown in popularity in the crypto and DeFi sectors. Some well-known DApps, such as PancakeSwap and Axie Infinity, may be familiar to you.
We now understand what blockchain cell phones are and how they operate. So, without further ado, here are the most outstanding models available today.
The newest top Blockchain Smartphones to enter the market aims to strike a balance between affordability and capability, with a price tag of roughly $250 depending on the currency. Granted, it’s a low-end device with a 5.7-inch 720p display, a tiny Qualcomm Snapdragon 435 engine, and a 13-megapixel primary camera that we’re sure won’t produce spectacular images.
However, given the price, the HTC Exodus 1S retains the essential capabilities of its more expensive predecessor, such as the Zion Vault and its Trusted Execution Environment (TEE). When you sign a transaction, the TEE activates and temporarily isolates the operating system to secure your data. A social essential recovery function also allows trustworthy contacts to band together to assist you if you lose a key. Furthermore, you may keep a full Bitcoin node on a large-capacity microSD card.
We stated: “The Exodus 1s is a particular product that is far from flawless. Consider it an early notion and a forerunner of things to come, and you can forgive its flaws—to a degree.”
The Exodus 1S is a much smaller version of HTC’s initial blockchain phone, the Exodus 1. Overall, it’s a lot more enticing handset, with a 6″ super-crisp Quad HD+ display, a 2018 flagship-level Snapdragon 845 engine with plenty of power, a dual-camera configuration on the back, and a bigger 3,500mAh battery pack to keep things going.
The Zion Vault and Trusted Execution Environment, as previously noted, are critical components of the Exodus experience, and it has access to hundreds of dapps via the Opera Dapp store. Surprisingly, unlike Exodus 1S, Exodus 1 cannot operate a complete Bitcoin node as of this writing, though HTC expects to add that capability in the future. It’s a full-fledged flagship phone priced appropriately at $699.
The flagship smartphone from Samsung is arguably the most remarkable overall item on our list. The Samsung Galaxy S10 offers a stunning screen, cutting-edge Android processing power, a brilliant triple-camera configuration, and a sleek and attractive design. It’s one of the greatest smartphones you can purchase right now, and it also comes with a decent cryptocurrency wallet and a solid variety of dapps.
The $899 Galaxy S10 did not debut with Bitcoin support earlier this year, but it has now been added, along with Ethereum, LEO Token, Chainlink, USD Coin, and hundreds of other cryptocurrencies. Meanwhile, the dapp roster includes, among other things, gaming, social networking, and finance apps. Because of the Snapdragon 855, the Galaxy S10 features its own Trusted Execution Environment.
You might recognize the KlaytnPhone as the Samsung Galaxy Note 10. In South Korea, Samsung’s big, stylus-driven smartphone is also available as the KlaytnPhone, a special edition blockchain version launched in collaboration with Kakao.
The KlaytnPhone is based on Kakao’s KLAY token, which is the country’s central mobile services platform. The KlaytnPhone has a number of blockchain-powered apps and is undoubtedly labeled correctly, but it is only available in South Korea.
The Sirin Labs Finney looks like no other smartphone, and it performs similarly. The sloping shape and unusual angles are unmistakable, yet the primary distinction is initially concealed. It’s a cold storage wallet that’s separate from the leading handset and glides upward when you need to perform a transaction.
Why fall? Because it activates your wallet and displays a second “Safe Screen” with your vital information. It’s one-of-a-kind, but the $999 price tag means you’ll have to make a significant commitment to get this one-of-a-kind device.
The first Pundi XPhone prototype was more conventional, but the future Blok on Blok (BOB) version is anything but. Of course, it’s a blockchain phone, but it’s also a modular phone, which means you can snap together numerous components. It has locks and dials; it’s just insane.
The Snapdragon 660 chipset is clearly mid-range, and Pundi X hints that it’s better suited to a secondary phone than a primary one. Function X is an intriguing platform—Pundi X describes it as “backward compatible” with Android, and you can switch between the two as needed. However, the company claims that you will not require a centralized service provider to make calls or access the internet. Very intriguing.
The Electroneum M1 is the most affordable of the low-end blockchain phones, costing around $80. That pittance gives you a working Android smartphone that lacks crypto-specific hardware and instead comes pre-loaded with Electroneum’s software (also available for Android smartphones and iPhones). The program allows users to connect to ETN’s cloud mining service and earn up to $3 per month in bitcoin, which can then be used to buy ordinary products such as mobile phone top-ups.
The M1 is primarily intended for users in underdeveloped nations, and it will function in tandem with Electroneum’s soon-to-be-released AnyTasks platform to offer them access to the global digital economy.
The M1 struggles to compete with higher-spec smartphones as a daily smartphone—but that’s not exactly what it’s built for. However, if you’re searching for a low-cost option to experiment with mobile mining with a dedicated device, the Electroneum M1 might be an excellent place to start.
While top blockchain smartphones remain a niche product, the concept behind them is undoubtedly intriguing. The combination of private key storage and smartphone usefulness may become more frequent in the near future as we continue to blend diverse technologies for a more comfortable lifestyle. As things stand, these phones have lots of potentials to improve.