Launched on Saturday by HTC's Decentralized Chief Officer Phil Chen (I just love that title) in NY, the HTC Exodus 1s will cost around $250 to $300 when it launches in the third quarter of 2019. If you may remember, the HTC Exodus 1 blockchain smartphone was made ready for non-crypto users nearly a year after we first learned about the cryptocurrency phone.
Essentially, the HTC Exodus 1s will act as one of the distributed points that validate and relay transactions on the Bitcoin blockchain, and while it isn't capable of mining any cryptocurrency, the firm says it has "partners to announce that will offer hash rates to do so". "We want to do something more on the software side".
The HTC Exodus 1 was announced during Consensus 2018 and raised quite a lot of expectation in the community.
The Taiwan-based consumer electronics corporation HTC is looking to bring Bitcoin capabilities to more people. Crypto smartphones are relatively new so we're not expecting much but know the category has potential.
At the moment, there are only about 9,000 active bitcoin full nodes verifying blockchain transactions.
Phil Chen, the Decentralized Chief Officer at HTC, takes pride with the fact that the Exodus 1s lowers the barrier for interested users to participate on the Bitcoin network, although there are critical concerns that the device maker had to address so that the device could function appropriately as a Bitcoin node. While the bitcoin blockchain would be supported at launch, other networks could be added going forward.
The new model, the Exodus 1s, is slated for a release in Q3 2019, and is expected to sell at somewhere between $250 and $300.
HTC says that the Exodus 1s will be made available later this year, and will be purchasable with cryptocurrency, USA dollars, and other fiat currencies.
In saying so, the EXODUS 1s will also conduct normal smartphone operations as well, such as music, videos, pictures, apps, and dapps.