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HTC announce blockchain-powered smartphone
16 May 2018, 10:02 | Dale Webster
HTC is creating an Android phone that's powered by blockchain
While the Taiwanese company has consolidated much of its mobile offerings in recent years, it announced today at the Consensus 2018 blockchain conference in NY that its upcoming Exodus handset is embracing everyone's favorite tech buzzword.
The phone, revealed by The Next Web, is called Exodus. 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.
Phil Chen, the brain behind HTC's Virtual Reality (VR) headset "Vive" will be in charge of all blockchain and cryptocurrency related initiatives of HTC including "Exodus".
When the Exodus launches, it will support Bitcoin, Ethereum and a few other major networks, though HTC expects to add support for other cryptocurrencies in the future.
However, HTC has still not announced the price of the smartphone but the company is reportedly considering accepting cryptocurrency as a form of payment for the device.
HTC is developing a newAndroid phone that will be powered by blockchain technology. Moving forward, however, his new title will be "decentralized chief officer".
HTC isn't the first phone-maker to announce a dedicated blockchain device. Sirin Labs is coming out with a $1,000 blockchain-powered phone in October called the Finney. It is also unknown if the device will be retailed in territories outside of the US. Cryptocurrency is an incredibly niche and volatile technology, and basing an entire phone around it seems like something only diehard blockchain enthusiasts will take to.
At its most basic level, blockchain is a digital ledger - it's commonly used as a record of cryptocurrencies and transactions made using that currency.
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