It is widely known that a major obstacle to the mass adoption of cryptocurrency and blockchain is that these technologies are difficult to use for people, especially those who are not technically advanced. In addition, news about hacking crypto exchanges and wallets make people convinced that cryptocurrency is a high-risk case. Often, when choosing which coin/token to invest in, potential investors do not find behind digital asset neither a valuable background nor the proper infrastructure.
Although the market has found solutions to partially cope with these problems – such as stableсoins as well as software and hardware security solutions – few can offer a fully thought-out ecosystem suitable for using and safekeeping digital assets. In this context, it is worth paying attention to a number of elegant solutions around KaratGold Coin (KBC), that allow you to securely store and use the coin as a means of payment.
But first things first. What is KBC? It’s a token freely convertible into physical gold that is actually mined and securely stored. Apart from just HODLing, this coin is suitable for paying for goods and services in online-stores, since a specially developed software allows it to happen. By installing a piece of code that is compliant with Woocommerce, Magento and PrestaShop, online vendors become able to receive KBC, Bitcoin or Ether in one click.
The most impressive thing though is a blockchain-enabled smartphone, which has already been tested and is being prepared for the first shipments in September 2019. It is designed to compete with the well-known devices by Samsung, HTC and Sirin Labs, and boasts a number of solutions providing a smooth user experience.
With the IMpulse K1 Phone, voice or text messages are sent peer-to-peer and end-to-end enciphered, that minimizes any third-party intervention. An array of features set to protect user whereabouts and private keys:
- Voice Over Blockchain Protocol (VOPB) eliminates third-party companies and servers by replacing them with a p2p model;
- Matrix ID allows the user to create an infinite amount number of crypto account with every wallet to be assigned one identity;
- IPFS storage makes all data like media, photos, docs to be stored encrypted in a p2p way;
- Electronic Warfare Transmitted Location protects user whereabouts;
- Worm Guard technology creates a protection shield around private keys to protect them from theft or loss.
The handset allows you to create several fiat and cryptocurrency wallets, set up automatic payments, and use multiple phone numbers without changing SIM cards.
On the official website of the IMpulse K1 Phone, one can find specifications of the new smartphone, as well as a description of three varieties made from gold, aluminum, carbon or titanium, depending on the model chosen. Yes, the smartphone does not promise to be cheap, but the emphasis on security – both digital and physical – might save hundreds of times more funds than spent on the device. To all intents and purposes, K1 seems worthy to explore it closer before the first sales start.
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