• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Solana Launches Web3 Focused Smartphone, Crypto Twitter Not Convinced

June 28, 2022
in Australian Crypto News
Reading Time: 3min read
0 0
A A
0
Solana Launches Web3 Focused Smartphone, Crypto Twitter Not Convinced
0
SHARES
3
VIEWS
ShareShareShareShareShare

Solana Labs this week announced the launch of the Solana Mobile Stack software ecosystem for Android, alongside ‘Saga’ – an Android smartphone. Unfortunately, the news has been greeted with outright contempt by some sections of crypto Twitter:

THIS SOUNDS LIKE A GREAT IDEA, NOT

— LordSandwich.eth (@LordSandwichOne) June 23, 2022

Network Outages Still a Concern

Mobile phones are finally set to accommodate Web3, and the reaction has been mixed, to say the least. Solana’s announcement of the ‘Saga’ Android and the most recent Solana mobile stack (SMS) software for developers has been accompanied by comparisons to Apple and Ethereum; however, many voices have also raised concerns regarding Solana’s frequent network outages:

As far as I can tell, the only real selling point is the fact that it has a “secure element” AKA a ledger built into the phone.
I believe that could heavily weaken security compared to pairing an external hardware wallet. Pretty pointless imo.

— HackLaddy🦇🔊 (@HackLaddy) June 24, 2022

Regardless of the negative public feedback, some of the features users can expect to see in the Saga include a software custodian solution called Seed Vault, a mobile wallet adapter, and Solana Pay for Android. Solana also has plans to release a DApp store for its mobile devices so users can access Web3 with ease. The SMS development kit is available for download now, though the phone itself is unlikely to hit the market before early 2023.

But Why a Smartphone?

The idea for the Saga smartphone followed the release of SMS and was conceived by Anatoly Yakovenko, co-founder and CEO of Solana Labs. Yakovenko wondered what it would look like if one billion people were using crypto and realised that the best method for supporting the take-up would be to create a hardware wallet out of a phone:

The Android will feature a 6.67” OLED display, 12GB RAM, a Qualcomm Snapdragon 8+ Gen 1 processor, and 512GB of internal storage. Solana is hoping that Saga will become the “gold standard” for Web3 smartphones and plans to display the full capabilities of SMS.

Solana Has Been Suffering

The Saga announcement follows a relatively negative past few months for Solana. January saw the company slide by 42 percent in seven days, with $SOL (Solana’s native token) hit hard thanks to the new year crypto sell-off. This and the addition of several duplicate transactions and downtimes led to rising tensions among users.

And in May, Solana experienced a seven-hour down period after bots targeted the NFT minting tool ‘Candy Machine’. The bots caused four million transaction requests, which the platform could not cope with, and users were once again left questioning the competence of the blockchain.

Share this article

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Ethereum Fees Touch Monthly Lows As Transaction Volumes Plummet

Next Post

Harmony Protocol’s Multi Sig Wallet Compromised In $100 Million Heist

Next Post
Harmony Protocol’s Multi Sig Wallet Compromised In $100 Million Heist

Harmony Protocol’s Multi Sig Wallet Compromised In $100 Million Heist

You might also like

‘DeFi United’ Mobilises $300M to Stabilise Markets After Aave-Linked Exploit

‘DeFi United’ Mobilises $300M to Stabilise Markets After Aave-Linked Exploit

April 28, 2026
Why A Surge to $3,400 Could Be The Beginning

Why A Surge to $3,400 Could Be The Beginning

April 27, 2026
Shariah-Compliant Stablecoin Moves Into MidEast Arena

Shariah-Compliant Stablecoin Moves Into MidEast Arena

April 24, 2026
WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026

WOJAK Crypto Meme Coin Pumps 87% as MAXI Targets $5M: Analyst Calls Most Obvious Trade of 2026

April 22, 2026
VeChain Foundation Releases Q1 2024 Treasury Report

Evan Tangeman Gets 70 Months for $263M Crypto Theft Role

April 25, 2026
Analyst Predicts A 30% Bitcoin Price Crash To $50,000, Here’s When

Analyst Predicts A 30% Bitcoin Price Crash To $50,000, Here’s When

April 24, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Bitcoin Enters Pensions: Millions Of Colombian Workers To Get Access

Bitcoin Enters Pensions: Millions Of Colombian Workers To Get Access

April 28, 2026
Ethereum Price Prediction: BTC and Ether Inflow Streak Ends — Is a Pre-Payday Drop Coming?

Ethereum Price Prediction: BTC and Ether Inflow Streak Ends — Is a Pre-Payday Drop Coming?

April 28, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.