Initially, the phone will only support the Bitcoin blockchain, but support for other public blockchains, such as Ethereum, may be added in the future.
One of the biggest tech companies in the world, HTC, announced the launching of "Exodus 1s" - a second generation of the famous blockchain mobile phone, which was released in 2018. Moreover, HTC says that the phone will be capable of acting as a full Bitcoin node; a feature that Peter Chen, CEO of HTC, says is a "really important piece of the pie" for the Bitcoin ecosystem. "If you don't own your keys, you don't own your bitcoin, you don't own your crypto". Full nodes are the most important ingredient in the resilience of the Bitcoin network and we have lowered the barrier to entry for any person to run a node.More news: Donald Trump Jr. Agrees to Senate Committee Interview
While the entire specs and feature details are still under the wraps, the firm confirms the HTC Exodus 1S will support HTC's Zion wallet app - a Blockchain vault that allows you to conduct cryptocurrency transactions, view and manage your crypto collectibles, and manage your crypto life while maintaining ownership of your keys. Both Exodus 1 and 1S by the end of Q3 will have the feature according to the announcement.
"[The 1s is] going to be a lot cheaper, it will be a lot more accessible", he said during the debate, explaining that they estimate the device will cost close to $300.
"Running a node is maybe the most important part of the blockchain as it helps secure the network, every one of them acts as an authoritative verifier of every single transaction of the block".More news: Tim Conway, ‘Carol Burnett Show’ star, dies at 85
"The bitcoin blockchain is about 200 [gigabytes], and it's growing about 60 gigs per year". As well as its blockchain-based uses, the phone will still have space allocated for videos, photos, music, apps, and other forms of data. HTC had also made it clear that the phone had to be purchased with cryptocurrency.
Further, the Exodus 1s merely supports a "pruned version" of the Bitcoin node, measuring in at just 10GB of the most essential information.More news: Facebook increases pay for contractors and content moderators