Published: Wed, May 16, 2018
Sci-tech | By Brandy Patterson

HTC is launching a blockchain-powered phone

HTC is launching a blockchain-powered phone

The handset is being led by Phil Chen who is the creator of the HTC Vive VR headset.

HTC has not shared any release date or price of the phone but it has been now listed on its website for bookings.

HTC has announced that it is now working on a new Android device that will be powered, in part, by blockchain technology. According to HTC's Exodus landing page, "Our vision is to expand the blockchain ecosystem by creating the world's first phone dedicated to decentralized applications and security".

The phone, revealed by The Next Web, is called Exodus. From a vague outline, the rear of the phone looks similar to most HTC phones today.

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"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. Chen, who now holds the title of "chief decentralized officer", will head all of the firm's cryptocurrency and blockchain-related initiatives.

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.

The phone's called "Exodus" and will be released this October.

Huawei is also reportedly considering the technology for one of its future devices. In fact, i'll bet that these phones which double as a cryptocurrency wallet will become a prime target for attacks, and hope HTC is aware of this when developing it.

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You'll also be able to easily trade with peers on the phone's network - without any mining fees.

Of course, as TNW points out, these types of features can already be installed on basically any smartphone already on the market.

While there's no price set for the device quite yet, HTC announced that it might even accept cryptocurrency as a form of payment.

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