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Why Sirin Labs Branded Its Crypto-related Smartphone as Finney?

Why Sirin Labs Branded Its Crypto-related Smartphone as Finney?

Sirin Labs has exuded confidence that its upcoming cryptocurrency-associated smartphone would be the best among the available handsets. Though there a few smartphones with digital coin association in the market, the firm believes that its product is superior to the rest. Incidentally, the company, which was popular for the Solarin privacy phone, has branded it as “Finney.” The blockchain crowd developed device is named after Hal Finney, a pioneer of bitcoin that has changed the focus on the virtual currency market.

Start of the Art Mobile

Sirin Labs has described Finney mobile device as the start of the art meant for the blockchain era. However, the device resembles its predecessor though it is the inside stuff that counts for consumers and no matter as to how it resembled. That is because there is also another resemblance or reminding the old Nokia slider if the top fifth of the back-plate slide is any indication. The significant point is that the devices come from the same company that came up with $14,000 Solarin, engadget.com reported.

Once the back is pulled out, the consumer could find a secondary display. This is known as the Safe Screen meant to be used specifically for transactions relating to crypto. The firm indicated that it performs on a dedicated firmware so that users have the option of checking where their digital coin is sent before they make the payment. This apart, the slider set in motion the cold storage wallet, which is meant to retain a considerable number of virtual assets of a different nature.

There is a similarity between Solarin and Finney as both are a forked version of Android thus making it more secure. This is required because the devices allow access to a particular app store of blockchain-associated one apart from the cold wallet. The device is running with flagship specifications, and that included 6GB RAM and Snapdragon 845 chipset.

As far as other key features, the handset has a Token Conversion Service (TCS) with a potential to overcome the Balkanized digital currencies nature. It would not be an easy task for anyone to place the money since a number of coins were introduced on a continuous interval. However, TCS is branded as an automatic broker to exchange SRN coins into digital currencies that are key to carry on a particular purchase.

Notion Behind

Sirin’s R&D head, Amit Krelman, has offered an explanation as to how the notion behind the using of blockchain-associated that is equal to Uber.  He said that TCS could manage everything automatically like hiring a car or buying of tokens thus having to stand in case of rain. However, he was not clear fully as to how the system would take care of either processing fees or long transaction times.

Significantly, these are the issues that affect the users of bitcoin on a continuous basis. It would not be a wise decision to carry all the digital currencies with users because of the risk of theft. Sirin CMO, Nimrod May, thinks that users could load the required quantity of coinage with their Finney and leave the rest at home for security purposes. That sounds a good option rather than carrying a credit card.

About the author

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Paul Walsh

Paul is the creator and host of ‘The Coinversation’, a podcast that focuses on the developments of cryptocurrency, interviewing a wide range of experts and entrepreneurs as well as building upon the work of Bitcoin Chaser’s analysts. To know more about Paul, follow him on Twitter.

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