Sirin Labs, the creator of the $14,000 Solarin smartphone, announces that it is building an open-source project for a series of decidedly more affordable devices built on a free blockchain.
The device's name is 'Finney', a name in honor of Bitcoin pioneer scientist Finney who was also the recipient of the world’s first Bitcoin transaction. It is aimed to be the first smartphone in the world that is fully secure and safe enough to hold cryptographic coins.
According to Sirin, all Finney devices will form an independent blockchain network powered by IOTA's Tangle technology. The network will operate in a decentralized backbones or mining centers clutterin the transaction process.
Since only Soren token holders will be able to purchase it, Finney devices use the SRN token as its default currency. As for the operating system, Finney will run on a specially designed system to support blockchain application such as crypto wallets and secure exchange access.
Sirin Labs founder and CEO Moshe Hogeg, said that the company's line of Finney devices, will also include an all-in-one PC.
It will be capable of sharing data, battery power, and processing power wirelessly - although a cable would be necessary at times.
The devices will have a price tag of about $1,000, including a 256GB internal storage and 16MP camera, plus an array of security measures.
For example, there is a behavioral-based intrusion prevention system, physical security switch and blockchain-based tamper proof feature. Those will make the device considerably more difficult to hack.
At the time of announcement, the cyptocurrency community is still a young niche market, and is certainly a more niche than the luxury Solarin smartphone was intended for.
