Peak blockchain: HTC's Exodus phone is all about cryptocurrency

HTC is creating an Android phone that's powered by blockchain

Blockchain is a technology popularized alongside cryptocurrencies like Bitcoin.

"We think that the phone can be an agent in the future for decentralization", said Chen.

At a blockchain conference today, HTC announced a new concept Android phone that is optimized for the blockchain.

Well, the phone's hardware is optimized to support decentralized apps (dApps), and there's a built in "universal wallet" to support storing your cryptocurrencies. Blockchain and cryptocurrency are becoming big topics these days, with many anxious that the traditional currencies might be worthless in a few years.

Unlike usual ledgers, however, a blockchain record is stored across millions of devices instead of one central location. Chen, who now holds the title of "chief decentralized officer", will head all of the firm's cryptocurrency and blockchain-related initiatives.

How is that possible?

Dave Chappelle and Jon Stewart team up for joint tour
The comedy big-hitters are playing just seven dates in USA three cities - Boston, Houston and El Paso - next month. The duo will hit three cities, taking over Boston, Houston, and El Paso from June 11 to June 24.

With a Google Doc, however, all users can have simultaneous access to the file and can track the changes that are being made.

HTC is also planning to launch a native blockchain network, where Exodus phone owners can trade cryptocurrency with each others.

The unique selling point of a blockchain smartphone is that it supposedly offers better security and an improved user experience by integrating cold wallet storage right into the device, and enabling direct trading of the native cryptocurrency with peers without mining fees. Cryptocurrency is an incredibly niche and volatile technology, and basing an entire phone around it seems like something only diehard blockchain enthusiasts will take to.

Why, it was just a few days ago when we passed along the specs and pricing for Sirin Labs' blockchain phone called the Finney.

While HTC's phone isn't available yet, it's rumoured that the company may sell the phone in exchange for cryptocurrency. It is also unknown if the device will be retailed in territories outside of the US.

Related:

  • A COMPREHENSIVE GUIDE TO THE China Manned Electric Aircraft MARKET: 2018

    A COMPREHENSIVE GUIDE TO THE China Manned Electric Aircraft MARKET: 2018

    The report provides a comprehensive analysis of the Avionics Systems industry market by types, applications, players and regions. This study helps in understanding the competitive environment, the market's major players and leading brands.
    Hidden pages from Anne Frank's diary published

    Hidden pages from Anne Frank's diary published

    She might have hidden these two original pages because she anxious that the other seven people in the annex would read her diary. The Anne Frank House addressed moral considerations in deciphering a text that its author did want read.
    Mauricio Pochettino in line for Chelsea job

    Mauricio Pochettino in line for Chelsea job

    Sky Sports report that Chelsea are considering an approach for Pochettino if, as expected, Conte moves on this summer. We need to think that our reality is different, because we are not this type of club that will invest insane money.
  • ZPG (ZPG) Rating Reiterated by Liberum Capital

    It provides unsecured personal loans in the home credit market; branch unsecured consumer loans; and guaranteed loans. The stock was sold at an average price of GBX 721 ($9.78), for a total transaction of £636,145.51 ($862,921.20).
    Mavcom lodges police report against Tony Fernandes over claim

    Mavcom lodges police report against Tony Fernandes over claim

    It was reported that Tony claimed that he was under a lot of pressure before GE14 from the Barisan Nasional-led government. The airline had also specified that its previous applications should be disregarded, said Mavcom.
    Coinbase Rolls Out Crypto Custody Product for Institutions

    Coinbase Rolls Out Crypto Custody Product for Institutions

    The third product is Coinbase Prime , a software service that equips institutions with tools for trading cryptocurrency. If you're interested joining the Coinbase Institutional team, check out our careers page.
  • It's going to be a working birthday for Madhuri Dixit Nene!

    It's going to be a working birthday for Madhuri Dixit Nene!

    The young Madhuri is both bashful and mischievous in this particular song and that's something she, and she alone, can achieve. She has been a superstar, then she joined her family and now she's back to what she's best at doing; being an actress.
    GOOD BOY! Video shows dog save best friend from drowning in pool

    GOOD BOY! Video shows dog save best friend from drowning in pool

    She added the dogs often play near the pool without incident. But their other dog, named Remus, quickly went to work. So Remus and Smokey got a little rambunctious.
    Yanny or Laurel: What do you hear?

    Yanny or Laurel: What do you hear?

    Listen to the following recording and head to the WGN Facebook page and tell us what you hear. We checked Twitter , and people across the world are torn on the issue.
  • Deadpool 2 Movie Review

    Deadpool 2 Movie Review

    Even with the ego, Reynolds is happy to be wrapping up promotion for the film so he can "get a couple weeks just to be a dad". As such, it is yet another reminder as to why the Disney-Fox deal is a bad idea for filmmakers and film lovers alike.

    Amira Nature Foods Ltd. (ANFI)

    In order to know the value of a stock, there is need to compare its current price to its likely trading price in the future. The stock of UnitedHealth Group Incorporated and Amira Nature Foods Ltd . were two of the most active stocks on Monday.
    Swansea relegated as Salah breaks single-season Premier League scoring record

    Swansea relegated as Salah breaks single-season Premier League scoring record

    The final will be in the back of the minds of the players and it will be up to Klopp to ensure his charges are ready and focused on Brighton .

Comments

Latest news

STALKER 2 is in development, plans to release in 2021
A website cropped up (http://stalker2.com) and the official GSC Game World website states that the game is now in the works. A website recently popped up online displaying only an image that says S.T.A.L.K.E.R.2 and 2.0.2.1.

Eden Hazard is the Premier League's best player - Ander Herrera
Cahill also spoke out and said that he felt that his side were actually not focusing on the game, but rather on the FA Cup final. We need trophies at the end of the season, " Hazard added. "If we can't be in the Champions League we need the trophy".

Pink Fan, 12-Year-Old BC Girl, Gets to Sing With Idol
As soon as the microphone was in her hand, however, Anthony delivered a rendition of " Perfect " that floored the pop star. Pink asked. "Are you the singer?" "How do you follow that?" Congrats to Anthony for making her dream come true.

Judge rules Mueller has authority to prosecute former Trump campaign chairman Manafort
He faces a separate set of bank fraud and other financial charges in Virginia, for a trial set to begin in July. The charges against Manafort relate to his decade of work as a political consultant to Ukrainian politicians.

Dennis Schroder unfollowed Hawks on IG, deleted every Hawks-related post
A couple things that hurt Schroder's trade value are his contract and his lack of progression over his first few seasons. Indiana ( Darren Collison ) and Milwaukee ( Eric Bledsoe ) already have above-average point guards on the roster.

19 dead, 39 infected in Congo Ebola outbreak
Punch reports that 4,000 doses of Ebola vaccine would be sent to DRC by World Health Organization in the nearest furture. The Ministry's spokesperson Jessica Ilunga said this on Tuesday.

Manhattan District Attorney Will No Longer Prosecute Minor Marijuana Cases
NY is one of 29 U.S. states to have legalised marijuana for medical use to help patients with cancer, HIV, Parkinson's, epilepsy and other conditions.

Matej Mohoric wins stage 10 of the Giro d'Italia
Action from Stage 10 of the Giro. "That's why I tried to attack him before", an elated Mohoric said after his gruelling ride. Wednesday's stage 11 will be another lumpy one, covering 156km and three categorised climbs between Assisi and Osimo.

Boat Carrying 40 People Capsizes in Godavari, 23 Feared Missing
Today's incident is the second boat accident on the river within a week. "We are not sure what caused the launch to capsize. They were headed to the scenic Papikondalu, or "Papi Hills" in the West Godavari District of Andhra Pradesh.

Gmail Offline mode and Nudges are now rolling out to users
Most of the newly announced changes were made live then, but offline mode wasn't quite ready until last week. It's more secure to have them deleted each time, but re-syncing them all could eat up a lot of time.

Netflix to allocate 85% of new spending on original TV shows
That's an average of about 60 original shows and movies per month! Sacred Games is one of the upcoming shows. He's also the TV Editor for IGN.

Season Two; Jennifer Love Hewitt Replacing Connie Britton on FOX TV Series
The important news is that Fox has added 90s icon Jennifer Love Hewitt to Season 2 of the Ryan Murphy first-responder procedural. And if you have, too, then you'll be happy to know that Amazon.com has begun accepting pre-orders for 9-1-1 - Season 1 on DVD .

High-Rewarding Stock to Observe: Kulicke and Soffa Industries, Inc. (KLIC)
The stock has experienced bearish momentum as it's ATR or Average True Range has dipped consistently over the past 10 sessions. Wells Fargo & Company MN raised its holdings in Kulicke and Soffa Industries by 71.4% during the fourth quarter.

Possible Match for the WWE Money in The Bank Event
Owens goes to the top, and it looks like he is going to go for the frog splash, but Rollins counters. Rollins gets up and fights out, but Owens charges at Rollins.

Taraji P. Henson opens up on engagement to Kelvin Hayden
Taraji continued, "I just lost it!" "You know what I'm saying?" added Jussie Smollett, who plays the Lyons' middle son, Jamal. Not exclusively was Sunday Mom's Day, however it was additionally Henson's 24-year-old son Marcel Johnson's birthday.

Other news