Arthur J. Villasanta – Fourth Estate Contributor
Taipei, Taiwan (4E) – Taiwanese laptop firm and former smartphone competitor HTC Corporation has announced plans to make a new blockchain-powered Android smartphone it’s named “Exodus.”
Exodus will be the world’s second blockchain-powered phone after “Finney,” a device developed by Sirin Labs that lets people store and use digital currencies while skipping transaction fees. Finney costs $1,000.
Exodus, however, will have a universal wallet; a built-in secure hardware enclave to support cryptocurrencies such as Bitcoin, Ethereum and other major networks and decentralized apps. Exodus phones are intended to serve as nodes in a native blockchain network that support cryptocurrency trading between users. HTC might also allow the public to buy the Exodus phone with cryptocurrency. No price has been set yet for the Exodus.
“Through Exodus, we are excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more,” said Phil Chen, the man behind Vive, HTV’s last smartphone. Chen was re-hired to take charge of all of HTC’s blockchain initiatives.
“We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together.”
What’s uncertain at this time is if the Exodus phone can improve the experience of cryptocurrency and “DApp” users over the regular smart phones. A DApp, short for “decentralized application” runs on a peer-to-peer network such as Bitcoin or Ethereum.
Blockchain smart phones are said to offer better security and user experience by integrating cold wallet storage right into the phone. They enable direct trading of the native cryptocurrencies with peers on the phone’s network, without mining fees.
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