Over the past couple of weeks, cryptocurrencies have faced a red zone. But this does not mean that blockchain technology will not fight back. So be it some point later, but be ready to face a strong comeback from the cryptocurrency universe.
The CEO of Solana Labs, Anatoly Yakovenko, announces a brand new smartphone that will likely enter the market by next year: Solana Saga. This smartphone is a rebrand of the other controversial device, the Essential Phone – the OV1. Some of the spectacular features of the smartphone include 512 Gb storage, 12 Gb RAM and Qualcomm Snapdragon 8+ Gen 1 SoC.
Previously, crypto-based phones like the HTC Exodus One existed but now just exist in historical records of cryptocurrency-oriented phones. Although, you can still purchase the HTC Exodus One at $219 today. Talking about Solana Saga, the smartphone is well-equipped with Solana Mobile Stack.
The smartphone consists of three separate tools. These are a Seed Vault, a Mobile Wallet Adapter and Solana Pay. The Mobile Wallet Adapter is the way to connect the Solana hardware to your phone. The Seed vault takes care of the security of the cryptocurrency. Finally, the term Solana Pay is itself self-explanatory. Just like Google Pay and Apple Pay, Solana Pay shall be the way to pay with Solana or any other crypto coin.
Along with this, the Solana and Solana app store shall allow the developers to create entirely fresh and new experiences on the Saga. This includes minting of NFTs irrespective of your location, enhanced trading, playing Web3 games on smartphones and many more exciting deals. The release date of the Solana Saga is nearly in the early months of 2023.
According to recent reports, it was seen that Anatoly says that the launching of Solana Saga will solve most of the issues of the people in regards to pulling heavy laptops and dealing with cryptocurrencies and NFTs. However, the smartphone’s exact specifications and price are still a mystery for enthusiasts. Nevertheless, the rumours state that the phone will likely hit $1000 at the beginning of 2023.
More at: Cryptocurrencyessentials.com
