Sirin Lab ICO Review

CryptPool
2 min readDec 25, 2017

The team behind Sirin Labs is quickly building a name for themselves as a company that developed the first open-source, blockchain-enabled smartphone and PC. In 2015, they introduced SOLARIN, their first mobile phone with a focus on consumer security. In 2017, they have gone a step further and started a crowdsourcing campaign in the form of an ICO (initial coin offering) with a goal to develop a new generation of smart devices that don’t compromise on user security.

The upcoming line of electronics is called FINNEY. It will be based on the FINNEY™ architecture that will allow all devices to form an independent blockchain network. The independent network will be powered by IOTA’s Tangle technology combined with a security framework made by Sirin Labs themselves. This combination makes blockchain technology even more secure and promises to bring consumer security to levels never seen before in mobile devices.

Sirin Labs created an Android-based operating system for the FINNEY, called Shield OS, that allows for native integration for blockchain apps. This means it will be able to securely and reliably manage transactions of cryptocurrencies and assets, encrypted communications and P2P sharing and transactions.

At the heart of Shield OS, there is an independent, decentralized blockchain network connecting all of the devices (there will be a PC coming too). This network is based on a distributed, ASIC-resistant ledger and doesn’t rely on any form of centralized backbones and mining centers. P2P resource sharing will be handled by a DRSM (Decentralized Resource Sharing Manager) that will be responsible for managing resources on the decentralized network.

As one would expect from such a device, all Finney devices will have a cold-storage crypto wallet built in, capable of IP address hiding and MAC address randomization. This crypto wallet comes with additional security features too as it will be protected by Sirin Labs’ own BlockShield technology. If you are wondering how can they make the wallet even more secure, it is by physically disconnecting it from the network. The BlockShield technology creates an area that is protected by an actual physical switch which can be used to completely disconnect your crypto wallet when it’s not in use. Not only that, but it also comes with a cyber-protection suite that includes a behavior-based IPS (Intrusion Prevention System) and three-factor authentication (lock-pattern, biometric, and behavioral).

The FINNEY’s crypto wallet is completely functional since it supports multiple accounts and all of the most popular cryptocurrencies including Bitcoin, Litecoin, Ether, Zcash, Dash, Ripple, and Dogecoin (besides Sirin Labs’ native SRN).

For more visit www.sirinlabs.com

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