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No, the Galaxy S10 will not ship with a cryptocurrency "cold wallet"

Image via OnLeaks (w/ edits)
Image via OnLeaks (w/ edits)
Contrary to news circulating earlier today, Samsung has confirmed that rumors of the Galaxy S10 including a cryptocurrency cold wallet are merely speculation. The rumors stem from EU trademark filings made by Samsung earlier this month related to blockchain-based technology. This news is a stark reminder to never take a rumor as anything more than a guess.

Earlier today, Samsung community news site SamMobile confirmed that the Galaxy S10 would include a cryptocurrency cold wallet. Apparently, that report was nothing more than “rumor and speculation,” at least according to Cointelegraph, who cited a “private correspondence” from Samsung themselves.

As a quick primer, a cryptocurrency cold wallet (or cold storage, as it is sometimes known) is an offline method of storing cryptocurrency. Cryptocurrency itself works off of public ledgers that publish transactions using cryptocurrency. The information pertaining to an individual’s own transactions is stored in their “wallet,” and most users use online services to host their wallet. A cold wallet is any method that doesn’t require an internet connection, be it local storage on a computer or even physical paper.

The rumors that Samsung would enable a cold wallet on the Galaxy S10 stem from three trademarks Samsung filed in the European Union related to cryptocurrencies and blockchain-based technology. SamMobile took the trademark filings to mean that Samsung would be including a cold wallet on the Galaxy S10. While it may be true (and is probably likely) that Samsung will be developing its own cryptocurrency tools, there’s no indication that these trademarks suggest a Samsung-branded cold wallet.

This report (and its debunking) further proves that all rumor should be treated as such. Any time you see a news outlet “confirm” a hot new rumor, you should buy a salt shaker large enough to contain the massive grain of sodium chloride necessitated by the exclusive leak. Just because it’s in print doesn’t mean it’s true.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 12 > No, the Galaxy S10 will not ship with a cryptocurrency "cold wallet"
Sam Medley, 2018-12-11 (Update: 2018-12-11)
Sam Medley
Sam Medley - Review Editor - @samuel_medley
I've been a "tech-head" my entire life. After graduating college with a degree in Mathematics, I worked in finance and banking a few years before taking a job as a Systems Analyst for my local school district. I started working with Notebookcheck in October of 2016 and have enjoyed writing news articles and notebook reviews. My areas of interest include the business side of technology, retro gaming, Linux, and innovative gadgets. When I'm not hunched over an electronic device or writing code for a new database, I'm either outside with my family, playing a decade-old video game, or sitting behind a drum set.