HTC working on a blockchain-powered phone

HTC working on a blockchain-powered phone

Smartphone manufacturer HTC is taking a major leap into the cryptocurrency ecosystem and wider blockchain industry.

Schematics of the phone shows it has a single camera, support for storage expansion, and nano-SIM support. It adds that Exodus will come with a "universal wallet" that will support cryptocurrencies such as Bitcoin, Ethereum, Dfinity, and Lightning Networks Plus including others. HTC is pinning its blockchain and cryptocurrency hopes on Phil Chen, who was the creator of the company's Vive VR headset. The idea is to develop a blockchain network with Exodus phones as nodes to drive trading of digital currencies among the users of HTC phones.

While there are a number of potential uses for blockchain technology, HTC is sticking to the tried-and-true cryptocurrency application with Exodus. While the two smartphone giants HTC and Huawei don't yet mention a target price range for their blockchain smartphones, the "Finney" smartphone from SirinLabs and Foxconn is said to cost around $1,000. "There is a lot of work ahead of us, but I believe the mobile hardware layer can contribute significantly to our new decentralized world".

The project's website calls it "the world's first phone dedicated to decentralized applications and security".

HTC's Exodus is the world's second blockchain-powered smartphone. Decentralization, as made possible by blockchain, is at the core of what the company announced today. Blockchain and cryptocurrency are becoming big topics these days, with many anxious that the traditional currencies might be worthless in a few years.

HTC did not reveal any pricing information for its Exodus smartphone, but said it will accept payment in cryptocurrency. HTC hasn't shared the sale date, but you can reserve the Exodus phone online.