HTC launches its first major blockchain-enabled phone
Technology giant HTC has launched its first blockchain-enabled smartphone that can only be purchased with cryptocurrency.
The EXODUS 1 will run decentralized applications and digital programs that operate on the blockchain. It will be available to customers in the US, Hong Kong, Singapore, New Zealand, the UK and nearly 30 other countries.
Phil Chen, Decentralized Chief Officer at HTC, said: “It’s been both 10 years since the launch of the first Android phone by HTC and nearly 10 years since the launch of Bitcoin and the Genesis Block. EXODUS 1 is a foundational element of the crypto internet.
“For digital assets and decentralized apps to reach their potential, we believe mobile will need to be the main point of distribution.”
The EXODUS 1 includes “a secret enclave” on the device that will store a user’s cryptocurrency keys and is kept protected from the Android operating system.
HTC has also built a “Social Key Recovery” process to protect users who might lose their phone or otherwise forget their keys. Users will be able to designate a few contacts as “trustworthy,” and each contact will be able to download a key management app.
The user’s recovery seed will then be split among these trusted contacts. If a phone is lost or stolen, or a user forgets their private key, they can use these contacts to regain access to their funds.
Other than its blockchain features, the Exodus 1 also includes:
- A 16-megapixel dual main camera and an 8MP dual front camera with 4K video
- A six-inch display with quad-HD+ resolution
- A Qualcomm Snapdragon 845 processor
- Six gigabytes of RAM and 128GB of storage.
EXODUS 1 is available for pre-order at a price of 0.15 bitcoins or 4.78 ether tokens, which translates to about $960, and is expected to be shipped by December.