HTC to launch Exodus - a blockchain-powered phone

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Each Exodus phone will act as an encrypted node on a blockchain network, making the phone and data stored on it, as hard to break into as it is to tamper with a Bitcoin block (very hard, in other words).

HTC isn't the first phone-maker to announce a dedicated blockchain device.

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The Exodus will feature a universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications.

When the Exodus launches, it will support Bitcoin, Ethereum and a few other major networks, though HTC expects to add support for other cryptocurrencies in the future.

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Introduced and led by Phil Chen, a co-founder of HTC Vive, the Exodus is meant to be the "world's first phone dedicated to decentralized applications and security". While the Taiwanese company has consolidated much of its mobile offerings in recent years, it announced today at the Consensus 2018 blockchain conference in NY that its upcoming Exodus handset is embracing everyone's favorite tech buzzword. HTC is pinning its blockchain and cryptocurrency hopes on Phil Chen, who was the creator of the company's Vive VR headset. The phone will be compatible with multiple protocols and will also support interoperability. The company is also said to be exploring the possibilities of launching its own cryptocurrency. It revolves around one of the hottest concepts in technology for the past several years and looks to bring access to the blockchain to mobile enthusiasts. Samsung last month was reported to be building blockchain network, but for its own global supply management.

HTC has been struggling in the smartphone space and it is hard to imagine the justification of it launching a Block-chain powered phone. Huawei has hopped on to blockchain bandwagon by hosting a bitcoin wallet on its phones.

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Prior to HTC Exodus, Sirin Labs' Finney appeared on the scene with a price tag of $1,000.

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