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Tech & Science HTC is launching a blockchain-powered phone

14:57  16 may  2018
14:57  16 may  2018 Source:   msn.com

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HTC is developing a new android phone that will be powered by blockchain technology. The phone , named Exodus, will feature a universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications.

HTC ’s Exodus might be the world’s second blockchain - powered phone . The first one, created by Sirin Labs, called Finney, is a phone that lets people store and use digital currencies while skipping transaction fees. It costs ,000. It’s interesting to note the range of companies that have launched

a yellow sign© Provided by The Next Web HTC is developing a new Android phone that will be powered by blockchain technology.

The phone, named Exodus, will feature a universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications.

HTC has roped back the creator of its virtual reality headset Vive, Phil Chen, who will be responsible for all blockchain and cryptocurrency related initiatives of HTC including Exodus.

The company plans to create a native blockchain network with all exodus phones acting as nodes to facilitate cryptocurrency trading among the phone users.

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HTC reveals plans to release a multiple blockchain - powered smartphone to allow customers to “truly own their data.” Consumer electronics corporation HTC has unveiled “the first native blockchain phone ”, HTC Exodus, which will launch with support for multiple blockchains, including Bitcoin.

So, what makes a phone a blockchain phone , exactly? According to HTC ’s Exodus landing page, “Our vision is to expand the blockchain ecosystem by creating the world’s first phone dedicated to decentralized applications and security.

“Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more,” Chen said on the integration of blockchain applications with the phone’s hardware. “We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together.”

Here’s a glimpse of the product drawings for Exodus:

a circuit board: HTC Exodus blockchain phone© Provided by The Next Web HTC Exodus blockchain phone

HTC is also considering accepting cryptocurrency as a form of payment for the phone, although its price is still to be decided.

It is worth noting that HTC is not the first to think of a blockchain powered phone — Sirin Labs’ $1,000 blockchain smart phone, which was announced last September, is slated to be released in October this year.

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HTC is launching a blockchain - powered phone - but what exactly does that mean? We take a closer look. And despite HTC may claim, the Exodus is not the world's first blockchain phone .

Consumer electronics company HTC is poised to develop a new " blockchain - powered " Android phone , dubbed Exodus, that will feature a universal cryptocurrency wallet. Continue Reading. Previous article Nuggets blockchain payment and identity privacy platform launches Alpha.

However, it is yet to be seen what these phones can offer to improve the experience of cryptocurrency and DApp users over the regular smart phones.

Blockchain smart phones are touted to offer better security and user experience by integrating cold wallet storage right into the phone, and enabling direct trading of the native cryptocurrency with peers on the phone’s network, without mining fees.

But, all of these features can be integrated into any average smart phone with the help of software alone, and trading Bitcoin and other cryptocurrencies will incur mining fees to transfer anyway – whether on regular phones or blockchain phones. Privacy-oriented web browsers and messaging apps can all be installed on any smartphone as well.

I suppose we have to wait for one of these blockchain phones to be available in the market to see if they make the experience of browsing through the decentralized web any better than the regular smart phones, but I am not particularly keen on them.

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