Published: Wed, May 16, 2018
IT | By Lester Massey

HTC is launching a blockchain-powered phone

HTC is launching a blockchain-powered phone

HTC has been struggling in the smartphone space and it is hard to imagine the justification of it launching a Block-chain powered phone. As part of what HTC claims is its "effort to expand the blockchain ecosystem", the company introduced its latest blockchain phone known as the HTC Exodus.

HTC says it wants to support Bitcoin and Ethereum with universal wallet, secure hardware and decentralized apps.

Furthermore, all Exodus phones will also act as nodes to manage cryptocurrency trading that takes place through HTC's own blockchain network. The difference is that will be created to support for blockchain-based distributed apps, and feature what the company describes as "built-in secure hardware".

We've already seen a couple of early adopters: the Sugar S11 Blockchain Creation Edition in January, and the Sirin Finney earlier this month.

There's no doubt that HTC's trying something different compared to most other Android OEMs with Exodus, but I'm not sure this is the product that'll revitalize the company's mobile business.

Chen wrote in a blog post " Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more.

The device will also feature what's supposed to be a trusted and user-friendly UI for DApps. Meanwhile, HTC Vive creator Phil Chen have been quoted as saying that the company may consider cryptocurrency as a means of payment for the upcoming multiple blockchain-powered phone. Chen, who now holds the title of "chief decentralized officer", will head all of the firm's cryptocurrency and blockchain-related initiatives. Naturally, users will also be able to purchase the phone itself using cryptocurrency. Among other features, they'd allow users on a network to trade crypto without any additional fees.

At its most basic level, blockchain is a digital ledger - it's commonly used as a record of cryptocurrencies and transactions made using that currency.

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