Tuesday, January 19, 2021

India’s 1000 Crore Seed Funding For Startups

The Prime Minister Narendra Modi has announced on Saturday that the government will launch a Rs 1,000-crore seed fund for startups. The startup is...

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    Users Can Now Add To The Keystore With Latest Smartphones

    has quietly added () to its app . Their latest smartphones will now support bitcoin in its Keystore . Previously, Keystore only supported the Ethereum blockchain (and ERC20 tokens).

    The Klaytn blockchain of Internet giant Kakao, written earlier this week, is also supported. With this, Samsung attracts the user base of Kakao applications in South Korea.
    Until now, the keystore has a number of limitations in terms of scope. Support is limited to the latest smartphones: Galaxy S10e; S10; S10 +; S10 5G; Note10 and Note10 +.

    And not unimportant: users in the Netherlands still cannot activate the functionality on their . Blockchain Keystore is only accessible to users in countries; Canada, Germany, Spain, UK, WE, South Korea and Switzerland.

    There are currently 17 blockchain applications available in Keystore, which was launched earlier this year. Samsung is gradually expanding the . For example, several dApps have recently been added. Unlike applications, the use of (decentralized) applications is still in diapers. This is partly because there is still much to gain when it comes to interfaces and the ease of use of dApps, among others. Researchers at the marketing agency Zage recently concluded this in a report.

    Samsung also competes with this functionality with other mobile wallets to store cryptocurrencies. Because your acts as a storage for your currencies and, therefore, your private , the secret keys of your crypto currency. Like an encryption grant, as a Samsung user, you assume the responsibility of managing your private keys. It depends on the security of Keystore, for example.

    As soon as someone knows their private keys, the person will have control over their crypto currency. This means that the person can send them to a different address.

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