-
NFL and Crypto’s Growing Entanglement - 7th December 2021
-
Gambling with NFTs and Crypto - 17th June 2021
-
What Exactly is Bitcoin Mining? - 26th April 2021
-
Cryptocurrencies Over The Past Three Years - 12th March 2021
-
Online Crypto Gambling in Canada - 3rd March 2021
-
Some Tips on Crypto - 2nd March 2021
-
Where Does Ripple Fit Into The History of Money? - 2nd March 2021
-
Bitcoin Trading Tips - 4th February 2021
-
The Top Trends In The Fintech Sector In 2021 - 29th December 2020
-
What You Need To Know When Trading Stablecoins - 19th December 2020
Sirin Labs ICO Seeks To Secure IOT Devices
Yielding $6 trillion dollars per year according to some sources, Cybercrime has never been more lucrative. It also appeared to be gaining the upper hand as business and governments have struggled to maintain secure networks in the face of increasing sophistication from organised cyber gangs.
With John MacAfee warning that certain governments now possess the ability to knock out the electrical grids of other nation states, it appears to be only a matter of time for this kind of knowledge to break into the mainstream cyber community.
The general outlook appeared grim until, that is, the advent of new, Blockchain-inspired solutions which now seem likely now to offer practical unhackability, conferred by the Blockchain’s requirement for consensual behaviour within a network.
Sirin Labs Enter the Fray
Sirin Labs, the brains behind behind Solarin, a smartphone designed for the hyper-security conscious, are part of a growing wave of start-ups who are conceiving of Blockchain-based solutions that seek to address security issues for the coming Internet of Things age that lies around the corner.
Sirin plan to leverage the same FINNEY architecture that underpins their flagship product as well as the IOTA’s Tangle infrastructure which allows for small, localised communities of independent Blockchain-type networks.
The company’s long-term strategy is to offer a range of machine economy devices that exploits the Shield OS operating system which incorporates inbuilt features such as peer-to-peer resource sharing, crypto-wallets, and advanced communication features.
Upcoming ICO
Hoping to finance their new venture through an upcoming ICO beginning on December 12, their first FINNEY offerings will initially be a smartphone followed by a PC. These products will subsequently have access to a decentralised app store with purchases being made using the SRN token.
As part of their offering, Sirin Labs will also be developing a SDK kit for dApp development.
The token sale will not be not hard-capped, employs a tiered scale that rewards early investors and will be hosted on the Ethereum blockchain.