HTC Exodus is a decentralized app and blockchain-optimized phone

HTC Exodus is a decentralized app and blockchain-optimized phone

HTC is developing a new Android phone that will be powered by blockchain technology.

The phone is called Exodus and it's being imaged as a phone that gives users the agency to "take back the internet", telling social media sites to "let my data go" and leaving individuals' information in literally their own hands, not in the centralized servers of Facebook and Google.

According to The Next Web, Exodus will feature a, "universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications". "With the release of the HTC Exodus we can now make this a reality", says HTC. This would be the second Blockchain smartphone, behind Sirin Labs Finney smartphone that is priced at $1000. Exodus will support not only cryptocurrencies but also decentralised applications.

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The Exodus phone will launch with support for the Bitcoin, Lightning Network, Ethereum, and Dfinity networks, but more partnerships will be announced over the next few months to support the entire blockchain ecosystem. Sirin Labs announced a $999 Dollars blockchain phone a year ago, a device reportedly being made by Foxconn. HTC is pinning its blockchain and cryptocurrency hopes on Phil Chen, who was the creator of the company's Vive VR headset. Chen, who now holds the title of "chief decentralized officer", will head all of the firm's cryptocurrency and blockchain-related initiatives.

HTC has not shared any release date or price of the phone but it has been now listed on its website for bookings. Phil would oversee blockchain developments at HTC. As a consumer, the advantage of using Exodus, or any blockchain phone, is that you can get better security and access to integrated cold wallet storage directly on the device. Mobile apps of cryptocurrency exchanges are driving phone makers to adopt blockchain. Among other features, they'd allow users on a network to trade crypto without any additional fees.

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