HTC to make blockchain-powered phone called the Exodus

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HTC to make blockchain-powered phone called the Exodus

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.

The Exodus will support decentralized applications, called DApps, run on Android software and have a universal wallet for storing your digital currencies. 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. HTC is pinning its blockchain and cryptocurrency hopes on Phil Chen, who was the creator of the company's Vive VR headset.

"Through the Exodus, we are also excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more", Chen wrote in a blog post accompanying the announcement. HTC hasn't yet disclosed other key details such as commercial availability, price and specifications of the phone.

It is worth noting that HTC is not the first to think of a blockchain powered phone - Sirin Labs' $1,000 blockchain smart phone, which was announced last September, is slated to be released in October this year.

First reported by TheNextWeb, Chen will be transitioning into a new role at HTC to head up the project called "decentralized chief officer". While the Exodus phone maintains a crypto-connection, its important to understand the basics of blockchain outside of cryptocurrencies to see how revolutionary this device could be.

Huawei is also reportedly considering the technology for one of its future devices.

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. Even more partnerships are expected to be announced at a later date.

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