Meet the First Major Blockchain-Powered Smartphone on the Market
25 October, 2018, 11:01
It has 16MP dual rear cameras and 8MP dual selfie cameras with features like bokeh effect and full 4K video recording at 60 FPS. In a surprising turn of events, instead of sticking with traditional payment methods, HTC's Exodus arm has decided that prospective users of the phone will only be allowed to purchase the device using Bitcoin (BTC) or Ethereum (ETH)... no fiat allowed! What's more, each Exodus phone can serve as a computing device, or "node", maintaining blockchain networks like bitcoin and ethereum, and users will receive new digital assets as a reward for such efforts. In USD, that comes out to around $950.
The Exodus 1 is going to be available to 34 countries and will start shipping in December. The smartphone runs on Android Oreo OS with a custom skin on top with a sealed 3500 mAh battery with support for HTC Rapid Charge 3.0 via USB type C port.
According to the company's blockchain chief officer, Phil Chen, the decision to keep both the secure enclave and Android OS separate stems from the insecurity and centralized nature of the latter. There's also a Social Key Recovery mechanism, which lets you pick a few trustworthy contacts to hold a portion of your crypto keys, so you can get access to your cryptocurrency if your phone is lost or stolen or if you forget your info. Upon setting up a wallet on the phone, it is possible to send several trusted individuals part of a secret key.
HTC has finally introduced its dedicated blockchain-enabled smartphone - the Exodus 1 with top-of-the-line internals created to enhance security and use of decentralised applications.
The Taiwanese electronics manufacturer, HTC, has launched its blockchain-powered phone, Exodus 1, on October 22 (Tuesday).
The EXODUS 1 is entirely dedicated to blockchain encryption.
"This is why smartphones have an edge over laptops and desktops for cryptocurrency wallets: without the benefits of the hardware-based TEE, the keys are more vulnerable". HTCtold us it can only be bought using BTC or ETH, at 0.15 BTC or 4.78 ETH (around £729 or $949). Under the hood, we can find a Qualcomm Snapdragon 845 SoC coupled with 6GB of RAM and 128GB of onboard storage.
The EXODUS 1 is available to customers in the U.S., Hong Kong, Singapore, New Zealand, the United Kingdom and almost 30 other countries, according to the press release.
HTC has reportedly been developing the phone since May 2018 with the goal of capitalizing on the growing crypto market by differentiating itself from its peers with blockchain integration.
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