HTC confirms plans to launch 'Exodus' blockchain phone

HTC confirms plans to launch 'Exodus' blockchain phone

HTC confirms plans to launch 'Exodus' blockchain phone

At a blockchain conference today, HTC announced a new concept Android phone that is optimized for the blockchain. As of right now, we do know the device will include a universal wallet and built-in hardware to support cryptocurrencies and decentralized applications. What this means is that all of you cryptotraders will have no problems managing your "money" and accessing it via all sorts of avenues.

HTC reportedly is hoping to build a native blockchain network with all Exodus phones acting as nodes to ease crypto-trading among phone users. If that doesn't get you Mr. Robot fanboys going, I don't know what will. HTC Vive founder, Phil Chen will be in charge of the Blockchain initiative.

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"Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more", The Next Web quotes Chen as saying.

There's no current price for the HTC Exodus, but the company said it might accept cryptocurrency when the handset does go on sale. 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". It's new blockchain-powered smartphone could signal a shift in the division's commercialisation strategy. By using blockchain tech, the Exodus will be able to give privacy-minded users control over their data without having to rely on the major technology companies for cloud storage. Similarly, there's no set release date beyond "by the end of the year". Mobile apps of cryptocurrency exchanges are driving phone makers to adopt blockchain.

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Sirin Labs, a cryptocurrency startup that plans to release a blockchain-powered smartphone called the "Finney" in October, is charging $1,000 for its device. Additionally, trading in most cryptocurrencies will still incur mining fees - even on blockchain devices.

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