Taiwanese electronics producer HTC has launched its newest blockchain cellphone, the Exodus 1s, which permits customers to assist 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 wherever.
“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 an announcement.
The new smartphone involves the market at a worth of €219 ($244), which is a couple of third of the price of its predecessor, the Exodus 1. HTC will promote the brand new model on the Berlin convention utilizing the Lightening fee community.
The system permits customers to put in a 400+GB SD card to increase its reminiscence, permitting it to deal with the rising information capability required to retailer the total bitcoin ledger. The present dimension of the total ledger is closing on 250 GB, in response to Blockchain.
The firm advisable customers to connect with WiFi and plug into an influence supply whereas working the total node, although it will 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 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 stated.
The smartphone shall be accessible in 27 nations throughout Europe and the Middle East, together with Germany, Greece, Saudi Arabia and UAE. It is at present not deliberate on the market within the U.S.
HTC’s system is becoming a member of a nascent however more and more busy area of blockchain-dedicated smartphones. Blockchain startup Sirin Labs not too long ago teamed up with electronics manufacturing big Foxconn to launch the blockchain cell phone Finney, whereas Samsung launched its Galaxy S10 within the spring. Others equivalent to LG are rumored to be shifting into the blockchain area with upcoming gadgets.
Outside of shopping for and promoting cryptos, smartphone markers are more and more eyeing blockchain applied sciences as as a solution to reassure customers involved concerning the safety of their personal data.
“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.
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