Crypto Spring: Why Samsung S10 Promotes dApps and Ethereum Usage
By Mirko Kikovic on ALTCOIN MAGAZINE
Ethereum usage was hype from its very beginning. In January 2014 Vitalik Buterin announced this new crypto as the improvement built upon the Bitcoin. And he became one of the most famous blockchains faces and an avid promoter of concepts that need ordinary people acceptance.
Improving the acceptance, Samsung flagship comes with a built-in blockchain wallet. However, this isn’t the first phone of this kind. Before Samsung S10, SikurPhone and HTC Exodus 1 had their crypto wallets. Additionally, a mobile cryptocurrency Electroneum introduced their “mining phone.”
However, the estimated market for Samsung S10 is more massive than for its counterparts. Thus, paving the way for more significant crypto acceptance. Surprisingly, Samsung left out Bitcoin, providing support only for Ethereum usage.
Why is this the case? And will Samsung influence the ranking in the crypto world? Will it popularize the emerging crypto collectibles usually based on Ethereum usage?
Why Samsung S10 Promotes Ethereum Usage?
If Bitcoin is digital gold, Ethereum will be an oil well. In other words, Bitcoin replaces gold or other payment methods. At the same time, Ethereum usage is more diverse.
A decentralized platform like Bitcoin, Ethereum brought many improvements since presale of the first Ether, its currency. As you may conclude, Ethereum is a platform for the creation of coins or so-called “tokens.” And cryptocurrency Ether is just one model of Ethereum usage.
One equally important Ethereum usage is building decentralized apps (dApps). As a mobile application that doesn’t need centralized hosting, dApps got their spring with blockchain. And there are more than 100 dApps developed on this platform each month.
What is more interesting, the majority of dApps are gaming apps. But, there is a thin line between gaming and cryptocurrencies since gaming tokens can be currency, as well.
Samsung investments in dApps and Games
Seemingly, following trends was the reason for including Ether in Samsung S10 crypto wallet. But, this bundle also contains dApps for payment and gaming.
It is because Samsung recently co-invested in the game of Cryptokitties based on Ethereum platform. CryptoKitties, a popular crypto game with cute cats, raised $15 million more from the group of investors, including Samsung, in November 2018.
Consequently, Samsung S10 pre-installment of this dApp was an additional “non-cash” investment. To clarify the significance, there are estimates that Samsung S10 sales will reach 40 million units.
Nowadays, there are 32 million wallets in use. So, this means that the number of pre-built wallets will overcome the number of existing ones. It is a breakthrough since it is doubling the number of crypto and crypto collectibles users in short term notice.
Most of these wallets were apps installed on mobile phones. But, wallets are no novelty for the market. Abovementioned HTC Exodus and SikurPhone already included these.
However, Samsung S10 excluding Bitcoin will cause turmoil in the crypto world. As a result, depose of Bitcoin could happen.
Crypto Spring is Coming
Whether Bitcoin, Ether or other cryptos will take charge, the crypto world awaits a crypto spring. And seeds that Samsung planted will make a spring bloom. As S10 is a Samsung flagship, it is hard to believe that future models will exclude the wallet. And as an industry leader, we can expect other Android mobile producers to follow.
The point overlooked is that the internet consisted of three “nodes” by the end of 1969. And that 1983 marks the year of the first usage of TCP/IP protocol that we use nowadays. Keeping in mind that most connect the internet with the 1990s, the acceptance of blockchain will take a while. But similar to the internet, Ethereum usage by Samsung proves it will inevitably come.
However, this “new internet” form is still uncertain. If we agree that the blockchain will be underlying technology, improvements are yet to come. And, according to Samsung, improved blockchain platforms and dApps are their landmarks.
