In a archetypal from a large cryptocurrency company, Solana Labs connected Thursday announced it was processing its ain marque of smartphone. The Solana Saga is simply a top-spec, 6.67-inch Android telephone that'll motorboat successful archetypal 4th of 2023 for $1,000. Revealed astatine a keynote successful New York, the Saga is designed to marque trading cryptocurrencies easier and safer connected mobile phones.
Solana is simply a cryptocurrency that competes with ethereum, which is the 2nd biggest cryptocurrency connected the market. It aims to dethrone ethereum by being much efficient: It claims to beryllium capable to process 50,000 transactions per second, compared with ethereum's 30 per second. It's besides cheaper to usage and much c efficient. Its downside frankincense acold has been security: Solana's web has unopen down 5 times this twelvemonth alone.
The Solana Saga is simply a rebrand of OSOM's OV1, which telephone afficianados volition admit arsenic the spiritual successor to the Essential Phone. The privateness focused OV1 was slated to deed the marketplace by the extremity of the year. Other features see 512GB of storage, 12GB of RAM and a Qualcomm Snapdragon+ Gen 1 CPU.
The Saga is simply a cardinal portion of Solana's effort to marque cryptocurrency apps much mobile friendly. Many crypto, decentralized concern and NFT applications are much constricted connected mobile than connected desktop, oregon person cumbersome idiosyncratic interfaces. Anatoly Yakovenko, CEO of Solana, joked astatine the lawsuit that helium inactive sees radical propulsion retired laptops connected dates successful bid to mint caller NFTs. "Web3 inactive feels similar we're successful the twelvemonth 2007," Solana mobile caput technologist Steven Layer said astatine the event.
Solana's caller Solana Mobile Stack, which volition tally archetypal connected the Solana Saga, is designed to hole that problem. It's open-source bundle that consists of 3 main tools: a Mobile Wallet Adapter, a Seed Vault and Solana Pay. The wallet adapter connects Android apps to immoderate Solana crypto wallet stored connected the device. The Seed Vault partitions wallet effect phrases and passwords from apps connected the phone, attempting to merge the information of a hardware wallet with the usability of an internet-connected wallet. Solana Pay volition enactment likewise to Apple Pay and Google Pay, but the idiosyncratic volition beryllium capable to transact utilizing the Solana cryptocurrency.