Blockchain is a popular phenomenon in the technology and there’s already a blockchain-based phone looking to give it a serious go. Swiss-Israeli technology firm Sirin Labs has designed the software and hardware for the phone called Finney which will cater to demands of cryptocurrency specialists.
Blockchain is a digital platform that can record numerous bitcoin transactions in the form of data blocks that aren’t stored on any computer or network. The data is secured through use of cryptography.
Foxconn will be making Finney for Sirin Labs and you’ll be able to create crypto-wallets to share virtual currencies through this device. So, how much does this unique phone cost and what else can the phone do? Here’s everything you’d want to know.
But first, check out this video to see the Finney phone.
What is Finney
Finney is a smartphone, as highlighted by Sirin Labs, that has been designed around the blockchain technology. This means, you’re getting an Android phone which has been powered with a host of cybersecurity apps. The company claims Finney’s network is free from centralised backbones and mining center. This enables users to conduct fee-less transactions in the digital sphere.
Features of Finney
- Built-in cold storage crypto wallet
- Offers secure exchange access
- Powered by encrypted communication
- Supports peer-to-peer (P2P) resource sharing
The software side of Finney has been built around Shield OS by Sirin Labs themselves. They claim the OS to be a secured, blockchain-based platform where you can transfer SRM token – Finney’s default network currency. Anybody who buys this phone will also be able to create a Wi-Fi hotspot for other people to transfer their currency on the platform which is pretty cool.
Finney comes with a price tag of $999 (Rs 65,000 approx), making it affordable for consumers, especially those who are heavily part of this space.
Sirin Labs is open to sharing its open source hardware and software reference to any phonemaker in the world that’s interested in its technology.
For this price, Finney’s hardware matches up to most flagship phones that Samsung or even Google has made. Finney comes with a 5.5-inch screen, 64GB of storage, 12-megapixel rear and 13-megapixel front camera. Not sure about the processor in use but they’re offering the phone with 6GB of RAM, ideal for virtual currency operations.
Sirin Labs is also encouraging developers to use its open source software development kits (SDK) to create applications for the platform. Deliveries for Finney start later this year but not expecting many countries to be part of the availability list.