HTC launches a cheaper blockchain phone
Taiwanese smartphone maker HTC is now selling a less-expensive version of its Exodus 1 blockchain-based smartphone with a built-in digital wallet that allows users to store, buy, sell and trade Bitcoin and other cryptocurrencies.
The Exodus 1s is aimed at users who want to “dip their toes into the crypto world” and costs €219 ($244 in the U.S.) – or the equivalent amount in crypto currency such as Bitcoin, Eth, LTC, BNB or BCH.
The Exodus 1s will initially roll out in Europe, Taiwan, Saudi Arabia and the UAE, with other country sales to be announced later.
In February, HTC unveiled its Exodus 1 smartphone; it came with a secure partition on which users could store cryptocurrency separate from the Android operating system. The Exodus 1 could also initially only be purchased with cryptocurrency and carried a price tag of $699.
Phil Chen, HTC’s decentralized chief officer, said the original blockchain phone met the company’s sales targets. The Exodus 1s represents the company’s first smartphone that can act as a full Bitcoin node, meaning it becomes part of the peer-to-peer, distributed ledger network.
“The Exodus is about empowering the user. We gave users the ability to own their own [cryptographic] keys, and now we’ve gone one step further to allow users to run their own full Bitcoin node,” Chen said in a statement. “We are providing tools for access to universal basic finance; the tools to have a metaphorical Swiss bank in your pocket.”
Full nodes, Chen said, are the most important ingredient in the resilience of a Bitcoin network and HTC has “lowered the barrier to entry for any person to run a node.” A node is nothing more than a computer that runs software enabling it to become part of a peer-to-peer, distributed Bitcoin monetary network. A full node simply means a mirrored copy of the entire blockchain ledger exists on a user’s smart phone.
Some cryptocurrency ledgers allow users online access to a light client, or a trusted full node copy of a blockchain ledger residing on…