The company behind the Finney phone, Sirin Labs, would have abandoned its projects with the IOTA Foundation in favor of Ethereum platforms in the development of its smartphone Blockchain.
Sirin Labs chooses Ethereum
Although Sirin Labs announced its collaboration with IOTA for the development of its mobile device, the company's CEO is back on track by turning his attention to a private Ethereum network.
"We are not with IOTA, we have looked at the issue and decided to take another path," said Moshe Hogeg to the ETHNews media.https://twitter.com/moshehogeg/status/1022877041937580032"Our project since the publication of our white paper has always been to migrate the SRN token and the Sirin Labs ecosystem to a next generation Blockchain. "
The decision of the smartphone manufacturer is quite surprising, although it gave no details as to its reasons.The lack of maturity of the IOTA project could explain this withdrawal.
The launch scheduled for November 2018
The Finney mobile device is expected to hit the market in November. The company expects the support of a solid Blockchain project to ensure its long-term success.
Nevertheless, lthereum will only provide a temporary solution. The ultimate goal of Sirin Labs remains the adoption of a third generation Blockchain able to execute its digital token in a secure and fast way.
Scalable technology would be ideal. The company has also been busy reviewing IOTA and Cardano for a better option. However, their solution could only be a native Blockchain.
The price of the Finney phone is estimated at around $ 1,000. Pre-order can be done on the official Sirin Labs website.
What do you think of Sirin Labs choosing Ethereum instead of IOTA for his new Finney smartphone?Comment in the comments section below.
Posted from our website
with SteemPress : https://infos.link/smartphone-blockchain-sirin-labs-abandons-iota-in-favor-of-ethereum/
You got a 100.00% upvote from @botcoin courtesy of @infoslink!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit