HTC announces plans for the Exodus 1s, a cheaper blockchain smartphone

HTC Says Its Smartphone Will Run a Full Bitcoin Node

The push for innovation by HTC powered by blockchain technology is a breath of fresh air in a market that is going insane looking for the full-screen displays and foldable phones.

HTC Decentralised Chief Executive Phil Chen revealed the company achievement on Saturday at Magic Crypto Conference.

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HTC is all set to release another blockchain-based phone, this time a low cost-model of its HTC Exodus 1 phone, HTC Decentralized Chief Officer (DCO), Phil Chen, revealed at the Magical Crypto Conference in NY. Furthermore, there are also design elements that HTC will incorporate into the smartphone to address other potential issues with the Exodus 1s' functions as a Bitcoin node. "By taking a more long-term, ecosystem perspective as a device manufacturer we believe we can help grow this network for application developers which in turn would benefit everyone using Bitcoin". The same full node functionality is coming to the Exodus 1 as well, apparently, but that phone will need an SD card. Crypto smartphones are relatively new so we're not expecting much but know the category has potential.

Full nodes are used to broadcast and verify transactions, thereby ensuring that no coin can be spent twice and no user can be prevented from making a transaction. As well as software development kit for its Zion Vault crypto storage solution, it will allow Bitcoin enthusiasts enough space and processing power to download the whole Bitcoin blockchain and operate a full node for the network.

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The new device is expected to launch by third quarter, and whilst it has yet to be confirmed, the price will range between $250- $300. Initially, customers could only purchase the device with crypto, however, in February, HTC opened up fiat payment options.

In saying so, the EXODUS 1s will also conduct normal smartphone operations as well, such as music, videos, pictures, apps, and dapps.

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"I see bitcoin as one of the most important if not the most important blockchain ..." A device that acts as a Bitcoin node has to keep the entire blockchain history, which means that the device has to store around 200GB worth of data.

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