• Solana expands mobile commitment
• Solana Saga can already be pre-ordered
• Saga NFT as a pre-order bonus
Solana wants to push mobile crypto transactions
Numerous crypto exchanges offer their customers trading in cyber currencies such as Bitcoin, Ether & Co. via various platforms. In addition to registering in the browser, the providers usually provide their own smartphone apps, which are intended to enable crypto fans to trade digital assets while on the move. However, for extensive or important transactions, investors often do not use mobile apps, but carry out their transactions on the computer, as Anatoly Yakovenko, co-founder of the Solana blockchain and the cryptocurrency of the same name, recently explained in a blog post. “The mints, trades, listings, and transfers that are critical to the daily lives of crypto lovers pull us away from our lives with others,” the developer said. “The only companies with the resources to build the self-custody mobile future we all dream of, Apple and Google, have not provided updates on their crypto roadmaps.”
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Solana Mobile Stack: High compatibility and security on Android phones
Reason enough for Solana Labs to take this task into their own hands. As part of his text contribution, Yakovenko announced the “Solana Mobile Stack” for Android devices, a user interface that users can use to operate native Web3 apps. With the included Seed Vault, a custody protocol, transactions should also be signed immediately and private keys from wallets, apps and the Android operating system can be organized separately. With the mobile wallet adapter and integrated payment functions, various services can be used easily and securely, the company promises. The Solana dApp Store, which brings decentralized Web3 apps to Android devices, also plays a key role here.
Crypto smartphone Saga comes with Solana Mobile Stack
But that’s not all: With the “Saga”, the developer studio is launching its own smartphone, which already comes with the Solana Mobile Stack. SeedVault is also preinstalled on the “flagship quality” device and is deeply integrated with the operating system. For Yakovenko, the approach of linking cryptocurrencies to smartphones is only logical. “Nearly 7 billion people use smartphones worldwide and more than 100 million people own digital assets – and both numbers will continue to grow,” the co-founder said in an announcement. “Saga sets a new standard for the Web3 experience on mobile.”
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stacksIt’s the toolkit you need to build beautiful, seamless web3 mobile experiences, coming first on Saga, a flagship device from @Solanamobile.
Pre order at https://t.co/pmJe7MUzQl pic.twitter.com/hSYPBaVM2i
– Solana (@solana) June 23, 2022
The Solana Saga has a 6.67-inch OLED display, 12 gigabytes of RAM and a 512 gigabyte hard drive. Also, QUALCOMM’s Snapdragon 8 Gen 1 platform, which is currently considered high-end hardware, finds application in the saga. According to Solana Labs, the smartphone will probably cost 1,000 US dollars with a pre-order of 100 US dollars. Currently, however, developers who are supposed to test the Solana Mobile Stack in connection with the Saga are preferred here. Pre-ordered devices should then be delivered in the first quarter of 2023.
High demand for Saga Phone
Speaking recently to Brad Smith and David Hollerith of Yahoo Finance, Yakovenko explained what the crypto smartphone is all about. “First of all, the Solana Mobile Stack is a piece of software that allows users to store their keys on the phone in such a way that nobody can ever steal them,” according to the developer. “And then you can pay with any coin, like with any token in the cafe. Things like that are pretty important and transformative for cryptocurrency, I think, because it’s not a big technology.” In the interview, Yakovenko praised the hardware used in the smartphone: “This device should probably be sold for 1,300 or 1,400 US dollars. But we want to do something good for our community,” he justified the price of the “top-class device”. . More than 1,500 devices were already ordered in the first 24 hours after the start of the pre-order campaign. More than 10,000 interested parties have also been placed on a waiting list.
Currently focus on developers of Web3 applications
Still, the device is not suitable for all types of crypto investors, Yakovenko pointed out. “Of course, if you’re an institutional trader, you need real custody with extreme security,” said the Solana co-founder. “But if you need something when you’re on the go and basically want to pay at a coffee shop, this is a perfect solution for that.” The focus is also currently on developers who supply the smartphone with applications. “So this is a device that is a new platform for developers. We have one of the fastest growing developer communities in the world of any network, probably any technology right now,” Yakovenko continued. “So we’re building the device so developers can take advantage of these new features. The theory is that 25,000 Web3 users who are active and an app store with no restrictions is a better distribution channel than the big app stores. Stores. And if that’s true, developers will make great apps. Great apps will attract great users and so on.”
Pre-orderers will receive Saga NFT
According to Solana Labs, the Solana blockchain is not only the fastest blockchain in the world, but also the fastest growing ecosystem in the crypto world. With millions of active addresses, you can now claim that you are offering the largest platform for NFTs. For this reason, those who pre-order the saga will also receive a “Saga Pass”. This is an NFT that should be reserved for owners of the first generation of the saga.
HTC’s crypto smartphone flopped
According to the tech portal t3n, Solana’s Saga Phone is not the first mobile crypto project on the market. As early as 2018, the Taiwanese smartphone manufacturer HTC launched the “Exodus”, a mobile phone that acts as a hardware wallet and was able to locally manage a blockchain node using a micro SD card with 400 gigabytes of storage space. Some crypto industry giants have spoken out in favor of the project, including some Ethereum co-founder Vitalik Buterin and Litecoin developer Charlie Lee. The company then also launched a cheaper entry-level variant and a special edition, which was carried out in cooperation with the crypto exchange Binance. According to t3n, however, the “Cryptophone” flopped.
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