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Ethereum just released its new phone that integrates the Ethereum blockchain, called ethOS. Crypto-oriented phones are presented as a revolution for decentralized finance. As Web3 is far from gaining momentum in 2023, there’s a debate to understand if crypto phones are a necessary step or just a novelty that only some tech bros will enjoy.
Solana’s phone, Saga, is also the perfect entry for anyone wanting to enter the Solana ecosystem. However, sales are slow, and there’s little argument to put the sceptics at bay. To many observers, ecosystems like ETH or Solana are trying to become generic brands, hence creating a physical product to keep their apps running.
Are crypto phones a good idea or just an example that Web3 is becoming more and more like the old Web 2.0? Let’s recap the opportunities of this new technology – yes, you still can play online slots – and see if it thrives in the next few years.
Solana Saga or Ethereum Phone: Which One is The Best?
How cool is it to have a built-in blockchain on your mobile? Solana’s Saga gives us a straightforward answer by offering a product that looks just like a normal smartphone but offers crypto functionalities such as crypto storage (like a Ledger would do). Unlike a normal smartphone, you must configure your 24-word seed to access your crypto and the rest of your data. Everything is encrypted and supposedly untraceable, which is the sense of freedom people seek in crypto.
From its launch in April, the Solana’s phone didn’t gather major success as only two thousand copies were reportedly sold. The biggest ‘ick’ about this phone was its entry ticket at 1,000 $. The price has dropped to 600$ now, according to their website.
The ethOS phone is a smartphone based on the best-selling Google Pixel 7a. It comes with a new native operating system based on the Ethereum blockchain. This phone allows you to store your crypto safely and make fast transactions without the help of a centralized third party.
According to its website, the main perks of that phone are a decentralized messaging service, a system-level wallet, and the possibility to validate transactions via onboard light nodes. You are allowed to do things that were extremely intricate a few years back without the need for a personal computer.
With a price tag of 500$, the Ethereum phone has already gathered many followers, even though only 50 copies are available. It’s an exclusive item that should be more available in the coming months.
Who Exactly Needs a Crypto Phone?
A crypto phone is an item that allows you to navigate the Web3 via decentralised apps called dApps. Its purpose is on par with the original crypto philosophy: to provide fast and secure transactions on blockchains. It might be useful for people who are really into dApps and already have a strong knowledge of the subject.
As for many things with crypto, it takes time to get through the fog of complicated terms. It also takes time to understand the actual purpose of these phones, even if they are presented like items that would ensure your transaction is impossible to detect.
Image: Pixabay
