Tuesday, 22 May, 2018

HTC Exodus Is A Blockchain-Powered Smartphone

HTC is creating an Android phone that's powered by blockchain HTC Exodus to Be 'World's First Native Blockchain Phone'
Cecil Davis | 16 May, 2018, 09:30

The Taiwanese firm on Tuesday unveiled the "HTC Exodus", which it describes as the "world's first native blockchain phone". Exodus will support not only cryptocurrencies but also decentralised applications. HTC says every phone will serve as its own blockchain node, part of the network that helps make blockchain systems secure. The goal, TNW notes, is to "facilitate" crypto trading among Exodus owners.

Though no additional specs, pricing or even confirmation that the HTC Exodus would run Android, HTC has opened up a reservation form for those interested in a blockchain friendly phone.

HTC is harnessing the expertise of Phil Chen, co-founder of VIVE. Chen's new title is going to be "decentralized chief officer".

Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more. The company said they'd like to eventually support the "entire blockchain ecosystem", and added that they'll announce new partnerships in the months to come. As a consumer, the advantage of using Exodus, or any blockchain phone, is that you can get better security and access to integrated cold wallet storage directly on the device.

HTC isn't the first phone-maker to announce a dedicated blockchain device. This would be the second Blockchain smartphone, behind Sirin Labs Finney smartphone that is priced at $1000.

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Huawei is also reportedly considering the technology for one of its future devices.

Nowadays, it seems tough to escape blockchain technology - especially with the rise of Bitcoin and other cryptocurrencies.

You'll also be able to easily trade with peers on the phone's network - without any mining fees.

Of course, as TNW points out, these types of features can already be installed on basically any smartphone already on the market. Blockchain and cryptocurrency are becoming big topics these days, with many anxious that the traditional currencies might be worthless in a few years.