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April 24, 2019 02:02 pm GMT

Samsung might launch its own Samsung Coin

Samsung is developing a blockchain network and — potentially — a cryptocurrency token called "Samsung Coin."

This is according to a report by CoinDesk Korea, which cites an unnamed company official familiar with "Samsung's internal situation."

SEE ALSO: Elon Musk says Dogecoin is his favorite cryptocurrency

Details are scarce, and nothing is confirmed, but the blockchain network could either be public or hybrid — a combination of public and private blockchains. 

One important detail: This blockchain network will reportedly be based on Ethereum, a popular smart contract platform which makes it fairly easy to deploy your own cryptocurrency token.  Read more...

More about Samsung, Cryptocurrency, Samsung Coin, Tech, and Cryptocurrency Blockchain

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/xxzcJ0RbEnA/

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