Quote from: Sexie on August 09, 2018, 12:36:16 PM

Quote from: Brazio on July 29, 2018, 05:10:06 AM

Samsung Electronics, a giant of the Smartphone manufacturing industry, recently commented through its official blog that cryptocurrency wallets based on mobile phones are the safest option for the short and medium term storage of cryptocurrencies.

The post explains that smartphone-based cryptocurrency wallets are a very safe place to store digital money, at least the equivalent of the amount we could store in our physical wallet. To save long-term cryptocurrencies, Samsung recommends creating multiple backups of the private key associated with the wallets.

The Smartphones producer commented that private keys should be stored offline to maximize their security, which means that they should not reside on a mobile phone or any device that connects to the internet regularly.

The blog post comments that mobile phone cryptocurrency wallets are the best place to store "spendable" money due to the phone feature called Trusted Execution Environment (TEE).

The TEE runs its own execution independently, which means that the RAM and storage of the phone are separated from the main operating system of smartphones.

Because of this, the Android operating system can not directly access the TEE, even if the operating system is hacked. In this sense, you can only access the TEE through an application programming interface (API).

Did you like this article? Dont forget to follow @Braziocoin on instagram to stay up to date with all the news of the cryptoworld.

Want to BUY BRAZIO COIN? Check out Braz.io for more info.

This such a good News from Samsung for the crypto users , having a hard wallet into Smart phones wherein it is safe to store cryptocurrencies. It is more convenient to everyone while crypto are being used as payment and exchanging it to cash .You just can do it anywhere when Bitcoin or other cryptocurrencies are being accepted. Meanwhile Smartphones can just surely collect charges for every transactions , just like on sending and receiving crypto to your wallet. Surely everytime when you are spending.coins from Smartphones.

And since people bring their smartphones anywhere, more chance to lose/damage your phone/wallet.