HTC to launch Exodus - a blockchain-powered phone

HTC to launch Exodus - a blockchain-powered phone

According to Chen, the functionality of a blockchain friendly phone would extend beyond cryptocurrencies, though it would support those, but it would also support decentralised applications (Dapps). It revolves around one of the hottest concepts in technology for the past several years and looks to bring access to the blockchain to mobile enthusiasts.

According to a report by The Next Web, Taiwanese hardware manufacturer HTC is now working on an Android smartphone powered by blockchain technology.

Introduced and led by Phil Chen, a co-founder of HTC Vive, the Exodus is meant to be the "world's first phone dedicated to decentralized applications and security". Even with rapidly increasing awareness and interest in the cryptocurrency space, however, it's hard to imagine Exodus making much of a splash. Blockchain is supposed to be safer than current centralized record keeping, and many are touting it as the wave of the future. The goal, he said, is to build a phone that supports a decentralized system.

How is that possible?

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How will it work in phones?

HTC is jumping on the cryptocurrency and blockchain bandwagons, going full-tilt with a smartphone that's powered by the blockchain. According to The Next Web, HTC has also outlined plans to create a native blockchain network, whereby cryptocurrency can be traded amongst Exodus users. It costs $1,000 and enables the use and storage of cryptocurrencies without incurring transaction fees.

Pricing, availability details, and most importantly specs were not announced. 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. This would be the second Blockchain smartphone, behind Sirin Labs Finney smartphone that is priced at $1000.

While HTC's phone isn't available yet, it's rumoured that the company may sell the phone in exchange for cryptocurrency.

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