It’s a known fact that experts in the technology industry never let the grass grow under their feet. They are constantly working to improve on the current technology as well as tackling several digital age dilemmas. They are always searching for innovative IT solutions.
This is evident in one of the leading smartphone makers, HTC. This reputable electronics and smartphone producer has developed the first smartphone operating within the grounds of
Blockchain. Specifically, the gadget is equipped with an exclusively crafted crypto wallet. This means that it uses encryption algorithms, which assure the device’s users of prime protection of their cryptocurrencies as well as personal information.
HTC’s blockchain phone, referred to as Exodus 1, can be purchased exclusively with Bitcoin or Ether. Although the product shipments are scheduled for December, there is a pre-order option available. At the time being, the price stands at 0.15 BTC (4.78 ETH), which translates into approximately $960.
The Inception Stage
HTC revealed the first talks about the bold ideas of the blockchain smartphone back in May. At that time, however, the Taiwanese company gushed about a much greater potential of their upcoming project. For instance, in retrospect, Phil Chen – the company’s decentralized chief officer – stated that they would make it possible to apply Exodus as a node to promote crypto trading.
In addition, he maintained that with the technology behind the smartphone, users would acquire their personal digital identity. In other words, they would authentically own all their digital data and thus there would be no need for third-party involvement.
However, as it stands, not all of the loud promises have been delivered.
The Feat Achieved
Despite falling short of all the expectations, Exodus 1 is a valuable asset to the crypto community. It boasts an enclave for a user’s personal crypto keys which is not dependable in any way on the Android Operating System. Such independence results in the prime security of cryptocurrencies and critical data.
The enclave in question powers the crypto wallet within the smartphone, Zion – HTC’s personal invention. In this way, Exodus 1 constitutes a groundbreaking invention being a secure alternative to owning online wallets that are vulnerable to hacking. With an own personal key, there is no chance of a third party’s accessing the user’s funds.
According to Mr. Chen, the blockchain phone with own private keys is the first step to enabling a user to become an authentic owner of their personal data:
“ Everything starts there. When you start owning your own keys, then you can start owning your own digital identity, then you can start to own data.”
Last but not least, Exodus 1 is equipped with a key recovery feature. This acts as a contingency measure should you lose the key data (say, in case the phone is stolen).
WildTornado is a strong advocate of decentralization opportunities that are smoothly seeping into our lives via Blockchain! So, if you are seeking better cryptocurrency wallet options, we’d say that HTC with its Exodus 1 is a decent choice!
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