Taiwanese electronics producer HTC has launched its most recent blockchain cellular phone, the Exodus 1s, which permits consumers to support the bitcoin community.
Unveiling the device Saturday at the Lightning Meeting in Berlin, the company claimed the new solution is the 1st smartphone to be able to run a complete bitcoin node, making it possible for it to propagate transactions and blocks everywhere.
“Full nodes are the most crucial component in the resilience of the Bitcoin community and we have decreased the barrier to entry for any human being to run a node,” Phil Chen, main decentralized officer at HTC, said in a statement.
The new smartphone will come to the industry at a rate of €219 ($244), which is about a 3rd of the charge of its predecessor, the Exodus 1. HTC will provide the new version at the Berlin meeting applying the Lightening payment community.
The device lets consumers to put in a 400+GB SD card to develop its memory, making it possible for it to cope with the rising details capacity expected to retailer the complete bitcoin ledger. The current size of the complete ledger is closing on 250 GB, according to Blockchain.
The company advisable consumers to connect to WiFi and plug into a electricity resource even though managing the complete node, even though it can also be utilised on the go.
The smartphone also has a created-in hardware wallet to aid consumers securely retailer cryptocurrencies. By default it will come with 4 GB of RAM and 63 GB of storage, and operates on Android Oreo 8.1
“We are furnishing the applications for entry to universal primary finance the applications to have a metaphorical Swiss bank in your pocket,” Chen said.
The smartphone will be available in 27 countries across Europe and the Middle East, such as Germany, Greece, Saudi Arabia and UAE. It is presently not planned for sale in the U.S.
HTC’s device is joining a nascent but ever more busy subject of blockchain-dedicated smartphones. Blockchain startup Sirin Labs recently teamed up with electronics production giant Foxconn to start the blockchain mobile cellular phone Finney, even though Samsung launched its Galaxy S10 in the spring. Other people this kind of as LG are rumored to be going into the blockchain space with upcoming products.
Exterior of obtaining and offering cryptos, smartphone markers are ever more eyeing blockchain systems as as a way to reassure consumers anxious about the stability of their non-public info.
“We truly treatment about this transportable identification and consumers possessing their identification and details, and we believe that the cellular phone is the ideal location to do that,” Chen said.
HTC graphic through Shutterstock