Sci-tech

HTC Exodus 1s blockchain phone announced, set to cost $250-300

HTC Exodus 1s blockchain phone announced, set to cost $250-300”

HTC hopes that their full node smartphone will make it easier for app developers to build decentralized smartphone applications, thanks to the direct access to the bitcoin blockchain.

HTC Decentralized Chief Officer Phil Chen recently announced plans to release a second-generation blockchain phone in the latter half of 2019.

In a press release issued today, HTC described the new device as part of a movement towards protecting highlighted that full-node capabilities would allow users to trustlessly interact with the Bitcoin network, without exposing their privacy to other parties.

Similarly to the Exodus 1, the new phone comes with a built-in hardware wallet, known as the Zion Vault, which stores cryptocurrency keys in a trusted execution environment, thereby allowing users to easily own and spend cryptocurrencies without exposing them to malicious content.

A Closer Look at the Matter " We want to do something more on the software side. The executive commented that the new HTC 1s will be much more affordable and will run a fully validating node, so users will be able to save the details of all transactions uploaded to the blockchain while contributing to strengthening the network.

At the moment, there are only about 9,000 active bitcoin full nodes verifying blockchain transactions.

Currently, the full Bitcoin blockchain takes up over 200GB of storage space.

Originally announced last month, the Exodus 1S will be launching in Q3 this year and will have an extra SD card to support its blockchain capabilities. A cheaper price point is expected to help HTC reach out to newer users interested in cryptocurrencies. "Nearly all full nodes also help the network by accepting transactions and blocks from other full nodes, validating those transactions and blocks, and then relaying them to further full nodes".

The manufacturer has not shared a specific launch date but says the device will be priced at around $250-300. Customers can purchase the phone with Bitcoin, Ether, Litecoin or other supported currencies.

"The bitcoin blockchain is about 200 [gigabytes], and it's growing about 60 gigs per year".



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