Taiwanese electronics producer HTC has launched its newest blockchain telephone, the Exodus 1s, which allows customers to help the bitcoin community.
Unveiling the system Saturday on the Lightning Conference in Berlin, the corporate claimed the brand new product is the primary smartphone to have the ability to run a full bitcoin node, permitting it to propagate transactions and blocks anyplace.
“Full nodes are the most important ingredient in the resilience of the Bitcoin network and we have lowered the barrier to entry for any person to run a node,” Phil Chen, chief decentralized officer at HTC, stated in a assertion.
The new smartphone involves the market at a worth of €219 ($244), which is about a third of the price of its predecessor, the Exodus 1. HTC will promote the brand new model on the Berlin convention utilizing the Lightening cost community.
The system permits customers to put in a 400+GB SD card to broaden its reminiscence, permitting it to deal with the growing knowledge capability required to retailer the complete bitcoin ledger. The present measurement of the complete ledger is closing on 250 GB, in accordance with Blockchain.
The firm beneficial customers to hook up with WiFi and plug into a energy supply whereas operating the complete node, although it may also be used on the go.
The smartphone additionally has a built-in hardware pockets to assist customers securely retailer cryptocurrencies. By default it comes with four GB of RAM and 63 GB of storage, and runs on Android Oreo eight.1
“We are providing the tools for access to universal basic finance; the tools to have a metaphorical Swiss bank in your pocket,” Chen stated.
The smartphone will probably be obtainable in 27 nations throughout Europe and the Middle East, together with Germany, Greece, Saudi Arabia and UAE. It is presently not deliberate on the market within the U.S.
HTC’s system is becoming a member of a nascent however more and more busy subject of blockchain-dedicated smartphones. Blockchain startup Sirin Labs just lately teamed up with electronics manufacturing big Foxconn to launch the blockchain cell phone Finney, whereas Samsung launched its Galaxy S10 within the spring. Others akin to LG are rumored to be shifting into the blockchain area with upcoming units.
Outside of shopping for and promoting cryptos, smartphone markers are more and more eyeing blockchain applied sciences as as a approach to reassure customers involved concerning the safety of their personal info.
“We really care about this portable identity and users owning their identity and data, and we believe that the phone is the best place to do that,” Chen stated.
HTC picture by way of Shutterstock