If you ask a group of financial advisors what is the best way of earning money, they will agree on a single answer. They will equivocally say – a passive income stream.
What does that mean? Well, it’s basically a term for not having to do anything actively to produce income. Stock trading has always been one of the best ways to pull this off, but no more. Say hello to cryptocurrency trading, the new craze of the financial world.
Trading many thousands of dollars on a daily basis requires security. Also, trading requires constant access to your cryptocurrency wallet. So, using a smartphone is imminent. Many users and traders have been skeptical about the average security feature. There just simply wasn’t a manufacturer willing to create a phone able to keep sensitive data safe.
At least until Irish company Embedded Downloads had enough. They’ve decided to ship the world’s first crypto-communicator. It’s a thing of beauty, filled with all sorts of more security features. Let’s take a look at what it has to offer. November is a long time away and it’s high time we get the hype train rolling.
More than meets the eye
The good news is that Canada will be on the front-line of the first pre-order wave. The bad news is that Telus and other carriers likely won’t bite on ED’s offers. You can still order it online and have it shipped to your home address.
At first glance, it looks like a stylish Android smartphone. At second glance, it opens its awe-inspiring array of features and perks. Technically, it does run an Android OS, albeit a heavily modified version of it. The main difference is that the OS runs all data only through secure blockchains.
Every device is tailor-made for one person and one person only. Each individual will get a personal key. The key will be connected with a set of distinctive info exclusive for the user. That info will include an iris scanner, a PIN code, many sets of passwords and a fingerprint scanner.
Merely getting into the phone will be a Herculean and impossible task. As it should be when you’re carrying loads of sensitive financial data. These entrance requirements are only the tip of the iceberg.
Forget for formidable security
Embedded Downloads is an already respected company. They specialize in secure hardware and IoT software. VVDN, a Japanese software innovator, has partnered with them. This is for the creation of this stupendous device.
Although not all the specs are releasing, the ones that have been are surely wondrous. You will have 5.5 inches of screen to manipulate your tokens and coins from. The battery size and configuration have not yet been confirmed. Yet, it’s safe to say that it will be at least a 4000 mAh beast for mobile currency trading.
Furthermore, the other parts of the device will be your usual high-end phone characteristics. 64 gigabytes of storage will be enough for every analyst app and wallet you can think of. An added benefit is that they phone will run a 64-bit version of Android, most likely the 7.0 Nougat or the 8.0 Oreo.
Cameras will be set at 13 MP in the back and 6 MP in the front. These features will be useful, but it’s the blockchain we want to focus on.