We have been seeing a drastic increase in the smartphone penetrations across the globe. These smartphones have replaced feature phones from the hands of people, which in addition to improved data connections has made smartphones the primary point of access to the internet.
Bitcoin is a product of the internet, and is rightly called the currency of the internet. We need internet to make any Bitcoin transaction across the globe. Blockchain, the ledger for Bitcoin transactions is also available on the internet.
SMS, the short for Short Messaging Service has become the thing of the past, as we now use instant messengers like WhatsApp and WeChat for communicating between one another. In the Bitcoin community, the use of SMS has till now been limited only for sending alerts and for two factor authentication, but not anymore. A new service called smsBlockChain has found one more use for the SMS in the cryptocurrency sector.
smsBlockChain allows users to access full Blockchain information with one simple text message. The service eliminate the need for internet to access to analyse the information associated with Bitcoin wallet addresses on the Blockchain. All it takes is a simple text message to receive tons of information regarding the current Bitcoin price, information associated with public keys such as the latest transactions, current balance in the wallet and so on.
READ MORE: Blockchain Technology for Pharma Supply Chain | A Thinking Exercise
The service offered by smsBlockChain has received mixed review from people. Some of them are awestruck and want to try it out, while there is another group which finds it disturbing as anyone can access information about any wallet easily on any mobile phone. There is no need to worry about people gaining access to the information on Blockchain regarding the wallet status over mobile phone, as there are other ways to find it too. We can easily find that information by conducting a search using the wallet public key on sites like Blockchain.info and Merkle.io
The only difference between those platforms and smsBlockChain is that the smsBlockChain allows users to access that information without having an internet connection. Moreover, according to the information available on their website, they are offering unlimited free service only until June 22, 2015 after which they may start charging users for their services. Also, their services are currently limited to US telecom carriers alone.
READ MORE: ShapeShift Launches Cryptocurrency Trading App – Instant Crypto Converter for iOS
I see, I think and I do… passionate about digital currency, start-ups and social good. I believe that if you mix them right, you can change the world. Find me @gautham_n on twitter or /gautham,nm on facebook
More Posts – Website