HTC Exodus is the first major phone for blockchain

HTC Exodus is the first major phone for blockchain

At a blockchain conference today, HTC announced a new concept Android phone that is optimized for the blockchain.

The device, dubbed Exodus, will feature baked-in support for decentralized applications (DApp) and cryptocurrencies. What this means is that all of you cryptotraders will have no problems managing your "money" and accessing it via all sorts of avenues. The idea behind the phone isn't so much about mining for cryptocurrency itself, but acting as a node for a native blockchain network that can be used to facilitate cryptocurrency trading amongst the phone's users. If that doesn't get you Mr. Robot fanboys going, I don't know what will.

Initially, it will launch with support for Bitcoin, Ethereum, Dfinity networks, and Lightning Network, but the company says it will eventually support the entire blockchain ecosystem. The HTC Exodus comes amidst the Google acquihire of two thousands employees, while the company's primary lead is now in virtual reality with the Vive.

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Exodus is expected in October.

In addition to cryptocurrency manipulation, blockchain is touted for its ability to offer both better security and user experience by incorporating cold wallet storage - offline cryptocurrency storage - directly into the phone. Moving forward, however, his new title will be "decentralized chief officer". Chen said that he believes that a blockchain-powered smartphone might inspire a new wave of decentralized systems, in the same way that the availability of computers once paved the way for the makings of the internet. That price and the release date, however, have yet to be revealed. This would be the second Blockchain smartphone, behind Sirin Labs Finney smartphone that is priced at $1000. In fact, i'll bet that these phones which double as a cryptocurrency wallet will become a prime target for attacks, and hope HTC is aware of this when developing it. Among other features, they'd allow users on a network to trade crypto without any additional fees.

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