Samsung Plans to Issue its Own Cryptocurrency
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April 24, 2019

South Korean tech giant is allegedly working on the development of a blockchain that will allow it to launch its own crypto, CoinDesk Korea reported today making reference to an anonymous source.

The company's token would be known as Samsung Coin.

Samsung's new blockchain is expected to be based on Ethereum's. According to the source, the project is currently conducting internal tests and might be launched as a hybrid public-private blockchain:

"It could also be public blockchain in the future, but I think it will be hybrid – that is, a combination of public and private blockchains."

Samsung has recently introduced its new flagship, Samsung Galaxy S10. The new smartphone supports Samsung Knox, which allows users to use hardware to store private keys.

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