HTC is launching a blockchain-powered phone

Wednesday, 16 May, 2018

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.

According to Chen, the functionality of a blockchain friendly phone would extend beyond cryptocurrencies, though it would support those, but it would also support decentralised applications (Dapps). 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 company plans to create a native blockchain network with all exodus phones acting as nodes to facilitate cryptocurrency trading among the phone users. In fact, the Exodus is one initiative from Phil Chen, HTC's new decentralized chief officer, who will focus the company's blockchain and cryptocurrency efforts.

"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.

It's reported that HTC is pondering the idea to accept cryptocurrency as a form of payment for the device, but no price has been set.

HTC isn't the first company to launch a blockchain-powered smartphone, but it is the most illustrious.

Exodus is expected in October. With the current crypto-craze, the phones may sell well, regardless if they offer actual functionality beyond what users can get on their devices right now. Sirin Labs announced a $999 United States dollars blockchain phone past year, a device reportedly being made by Foxconn. With a Blockchain smartphone, HTC is going to need to build an ultra-secure smartphone, which is something HTC hasn't done before (and really no manufacturer has), but it should make for an interesting device.

Pricing, availability details, and most importantly specs were not announced. It costs $1,000 and enables the use and storage of cryptocurrencies without incurring transaction fees.