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Phēnix X1: prototype for Blockchain-Smartphone announced

With Phēnix X1 there seems to be a first prototype for a mining-capable Smartphone. With the proposed model, it should be possible to mine Cryptocurrency. Also,

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Phēnix X1: prototype for Blockchain-Smartphone announced

With Phēnix X1 there seems to be a first prototype for a mining-capable Smartphone. With the proposed model, it should be possible to mine Cryptocurrency. Also, the Blockchain Smartphone comes with its own crypto-Wallet.

By Phillip Horch
18. July 2019BTC$10.299,00 6.26%part Facebook Twitter LinkedIn xing mail

The Mining of crypto-currencies to the new Phēnix X1 Blockchain Smartphone acceptable. How Finnovant announces in a press release, is to have your planned Phēnix-X1 model, with a whole range of functions from the Blockchain-range:

The Phēnix X1 Smartphone is for individuals and companies that dare to digital currencies, crypto Mining, investments, dApps, Smart Contracts, as well as advanced and secure Banking and financial money-Management [sic] approach.

Phēnix X1: Great hope for small device

A big promise for a small device, one might think. Brian Maw, CEO of Finnovant, sees the opportunity for the emerging security debate to Bitcoin & co. in the United States. Accordingly, the Blockchain is Smartphone for more security in the Blockchain Ecosystem, provide:

In Finnovant we are of the opinion that every person over safe investment and money management functions should have on his or her mobile device. Given the feedback from the market and the national security debate on crypto-currencies, we believe that our mobile platform contributes to solve the safety and emerging issues of the digital currency, with which our global society now and in the future is faced.

Until then, however, it is still a long way off. According to Indiegogo, the Funding of the project is still at the beginning. Of the flexible target of about 2 million Euro is Finnovant and the Phēnix X1 Blockchain Smartphone is still far away. Currently (as of 18. July, 09:27) collected in the Blockchain-Smartphone-project of five donors, a total of 1.558 euros.

Bitcoin Mining on Smartphone is unlikely

What are crypto currencies with the Phēnix X1 Blockchain Smartphone gemint to be, it remains a open. The currencies in the press release refer only to "Crypto". It will be with Phēnix X1 possible or profitable to mine the most popular and most dominant cryptocurrency Bitcoin, is currently unlikely. Because of the relatively energy-intensive Proof-of-Work process, the crypto-currency uses a lot of computing power to mine BTC on a Smartphone.

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