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BTC Node On a Smartphone? – Easy, Says HTC, Speaking of Its New EXODUS Phone

HTC phone producing company gets ahead of its competitor Sirin Labs and promises that next EXODUS phone model will operate as a full BTC node

On Saturday, the Taiwan-based producer of mobile phones announced its
plans to bring a full BTC node to each of its new model EXODUS phones.

HTC is making its DLT phones
available to wider masses

While doing a speech at the Magical Crypto event in NYC on May 11, Phil
Chen from HTC told the audience about the new cheap version of its DLT smartphonw
dubbed EXODUS 1s. Chen stated that the new model will work as a full Bitcoin
node, allowing its owners to store the whole data of the BTC network on their

As reported by CoinDesk, HTC plans to bring the new model to the market by the start of Q4 this year. The intended price for the new phone in retail outlets will range between $250 and $300.

The new model will be based on the current EXODUS 1 which began selling earlier
this year. The company started a presale of its DLT phone in October 2018,
taking only BTC and ETH as payment.

In late February 2019, the phone began to sell not only for crypto but also for USD.

A BTC node in your pocket

The boldest and most curious promise regarding the new phone by HTC is
that it is going to act as a full-scale node for the Bitcoin network. Phil Chen
said that the company sees this function as a very important one on the market
in the future and crucial for the BTC network.

Computer chips, as well as memory chips are getting more powerful and
cheaper very quickly, so operating a BTC node on a portable device, such as a
phone, will not be a problem, as per Chen.

This way, users will be able to verify BTC transactions themselves and
actually take part in the work of the ecosystem.

Rival blockchain phones

As it was reported in April, a competitor of HTC’s EXODUS phone, the Swiss company Sirin Labs had to lay off a quarter of its staff – 15 employees out of 60. The reason for that were poor sales of its blockchain phone Finney, which allows users to store crypto in an embedded cold wallet.

The Finney phone’s retail price was around $1,000 as opposed to EXODUS, which is selling for approximately $700.

Title Image Courtesy of Malte Wingen On Unsplash

The post BTC Node On a Smartphone? – Easy, Says HTC, Speaking of Its New EXODUS Phone appeared first on Ethereum World News.

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Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App

HTC is resolved to win the race for the best blockchain phone on the market. Its commitment to the community seems to be genuine and not only have they bet on accepting payment exclusively in cryptocurrencies to promote their use but also decided to include third-party software that makes use of these technologies.

In a tweet published a few hours ago by Mr. Brendan Eich, CEO of Brave Software, he expressed his satisfaction after confirming HTC’s decision to include Brave as the Exodus’ default web browser.

Brave Browser: Using Basic Attention Token (BAT) To Create a Better Internet

Brave Browser uses blockchain technologies to improve the user experience and change the way content providers relate to consumers. The idea is to make browsing faster and more convenient by rewarding not only users for consuming content but also giving them the ability to benefit content creators.

“Once you enable Brave Rewards, the Brave browser automatically and anonymously keeps track of sites each user visits. The more times that a user visits a site, the larger the proportion of the user’s monthly contribution is “ear-marked” for that content creator. When contributions for a content creator exceed $100.00 USD, an email is sent to both the webmaster of the site and the registered domain owner from your WHOIS information. The email explains how to verify the ownership of your website with Brave Software.”

The token used by Brave Browser is the Basic Attention Token (BAT), a cryptocurrency that has recently gained considerable popularity, especially after the announcement that it has been supported by Coinbase to be traded on its platform.

Blockchain-Phones: The New Trend

For its part, the HTC Exodus 1 Phone is a phone created by HTC with blockchain technology focused on those users who want to manage their crypto coins from their mobile phone without additional hardware. To do this, HTC developed its own hardware wallet with multi-asset support. The wallet is named Zion and runs on independent hardware embedded into the phone.

The main competition of the HTC Exodus, is the Sirin Labs’ Finney Phone, a device that has similar features but runs under a proprietary Operating System developed as an Android fork.

The post Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App appeared first on Ethereum World News.

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HTC Says Its Crypto-Friendly Smartphone Will Support Litecoin

HTC’s new blockchain-compatible smartphone will support litecoin, creator Charlie Lee said Sunday.

Lee announced the news Sunday, adding that he was joining the development team of the HTC Exodus as an advisor. The news comes days after Lee claimed he met with the Exodus’ team last week. Lee further confirmed that the Exodus will support the Lightning Network on litecoin natively.

He added a disclaimer that the Exodus will still support bitcoin.

HTC confirmed the news Monday, saying the team was “honored” to have Lee join as an advisor.

The Taiwanese electronics maker first announced the Exodus in May, saying it was developing the world’s first cryptocurrency smartphone. The device will serve as both a mobile connecting point to blockchain networks and a storage device for major cryptocurrencies including bitcoin and ethereum, as previously reported by CoinDesk.

HTC chief crypto officer Phil Chen told CoinDesk that the company is hoping to begin distributing the new phone by the end of the year, though he declined to provide a firm date.

Individuals interested in purchasing the Exodus early can participate in a pre-sale with bitcoin or ether, he said.

In July, HTC said the phone will also support the mobile app CryptoKitties.

HTC is not the only company working on a blockchain-dedicated smartphone – Sirin Labs recently raised $157 million in an initial coin offering to build the “Finney.”

Image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Big Step for Litecoin: Confirmed HTC Exodus Blockchain Phone Backing LTC

It has been announced via the twitter page of HTC Exodus that Charlie Lee – founder of Litecoin and the blockchain network will be part of the project as an advisor.

If everything goes by plan, the first native blockchain phone will make its debut in Q3 this year. In contrast to the many existing centralized cloud systems, every device will be a node. This way each user will own their identity and information.

The founder of Litecoin, Charlie Lee recently revealed that one of the biggest smartphone manufacturers in the world, HTC is going to include support for LTC and “the Lightning Network [LN] on Litecoin natively.”

And now, Mr. Lee did let know his followers that he took part in developing the Exodus last week. Each phone bought will have as an addition a cold storage/wallet for digital currencies.

“Met the HTC Exodus team last week and was really excited to hear the phone will support LTC and Lightning Network on Litecoin natively! I will be an advisor as I see having a secure crypto phone that makes LN simple is needed for mass adoption. P.S. No, they will not remove BTC.”

In May this year, HTC said that they are working on the world’s first blockchain-powered smartphone. It was going to have features “dedicated to decentralized applications and security.” In the beginning of the project, Phil Chen – Chief Crypto Officer, noted that HTC Exodus will only support the two leader by market capitalization [Ethereum and Bitcoin].

“Through the Exodus, we are also excited to be supporting underlying protocols such as Bitcoin, Lightning Networks, Ethereum, Dfinity, and more,” Chen was quoted as saying. “We would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together. Together, we want to craft the best blockchain & decentralized application experiences to end consumers.”

However, later on down the road, Charlie Lee as quoted above revealed the LTC and Lightning Network Support.

Traders that are will be owning the device are able to trade the tokens from one to another directly from the phone.