Samsung Set To Change The Game For Ethereum With Ethereum-powered Platform And Samsung Coin

Samsung considers Blockchain Technology for tracking shipments – Blockchain News

Ethereum is the world’s foremost decentralised computer. The Ethereum Blockchain is used to execute smart contracts, build blockchains and decentralized applications. Ether (ETH) is the fuel that is used for the Ethereum blockchain. It is a type of crypto fuel and its price is influenced by a number of factors. Last year, during the cryptocurrency winter, the price of ETH fell significantly against the USD. Apart from the general negative sentiment in the market, analysts said that the Ethereum blockchain was under a lot of pressure because competing blockchain like EOS and Tron were gaining ground in the space. However, the Ethereum price prediction 2019 quickly became bullish and it increased from a low of $83 to above the $185 level. Now, the Ethereum price prediction 2019 is about to get another boost as Samsung is making plans to build on the Ethereum blockchain.

Ethereum Prediction 2019 – Ethereum News Today – Ethereum Future Prediction – Ethereum Blockchain To Power Samsung Project

Samsung indicated its interest in the space last year. By adding an Ethereum wallet to its Galaxy S10 series, the global electronic goods producer confirmed that it recognizes the disruptive power of blockchain technology. According to a report on CoinDesk, Samsung is taking things further as it makes plans to create its own open source ledger and launch a cryptocurrency. The cryptocurrency may be termed “Samsung Coin”.

The division dedicated to decentralized technology at Samsung will create the Samsung mainnet on the basis of Ethereum. They are already at the experimental stage of the project and the final one will be available soon. According to inside sources, the blockchain may be private at first and public later. It may also be private and public from the beginning. As soon as the Samsung blockchain is ready, the team would start working on a cryptocurrency. The source said;

“We expect Samsung Coin to come out in the market, but the direction has not yet been decided.”

If this information is accurate and Samsung launches the a cryptocurrency on its own blockchain, the Samsung Coin will most likely make the top ten list on CoinMarketCap. It would also be listed on global exchanges. There is also the possibility that the Samsung Coin would be tied to the Samsung Pay app but the final decision has not yet been made according to officials.

Ethereum Future Forecast – What The Samsung Project Means For The Ethereum Blockchain

Samsung is one of the largest electronic producers in the world. By using the Ethereum blockchain to power its network and token, it would serve as a beacon for other big names in the electronic industry. In other not to lose to their competitor, these companies will want to explore the Ethereum blockchain as well. The increase in adoption will help silence the so called Ethereum killers like Tron and EOS.

Ethereum (ETH) Price Today – BTC / USD

Name Price24H (%)
Ethereum (ETH)
$253.21
1.77%

It is important to note that Samsung is yet to release an official report about what it intends to do with the Ethereum blockchain and how it intends to accomplish it. This information was gotten from a source familiar to the matter and is partly based on speculation. The only way to know the plans samsung has for the Ethereum blockchain is to wait for their official press release.

What do you think about the Ethereum news today? Will Samsung be the game changer for the Ethereum blockchain? Share your thoughts in the comment section.

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