HTC Launches Blockchain-Powered Exodus 1s Smartphone

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Taiwanese consumer electronics company HTC has launched its blockchain-powered Exodus 1s phone, allowing users to run a full bitcoin node.

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Unveiled at the Lightning Conference in Berlin on Saturday, the new blockchain smartphone will be the first to be able to run a full bitcoin node, permitting the promulgation of transactions and blocks anywhere.

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Phil Chen

“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, said in a statement.

The device has an MSRP of $244, approximately one third of the cost of its predecessor, the Exodus 1.

The device allows users to install SD cards of up to 400 GB. Currently, the size of the full bitcoin ledger is just over 245 GB.

The Exodus 1s will come with a built-in hard wallet for users to securely store their tokens.

The new smartphone will have 4 GB of RAM and 63 GB of storage, and will run Android Oreo 8.1.

“We are providing the tools for access to universal basic finance; the tools to have a metaphorical Swiss bank in your pocket,” Chen said.

While the HTC Exodus 1s will be available in 27 countries across Europe and the Middle East, the company is not planning to sell the device in the U.S.

Blockchain startup Sirin Labs recently launched their own blockchain-powered phone Finney.

Earlier this year, Samsung launched their flagship Galaxy S10, which featured a built-in hard wallet, as well as support for BTC and all ethereum-based ERC-20 tokens.

Smartphone manufacturers around the world are turning to blockchain technology in an effort to gain customer trust over the security of their private information.

“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 said.

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