HTC Demos Crypto Smartphone Exodus at Slush 2018

Ten years in the past, shopper electronics producer HTC made historical past when it launched the HTC Dream, the primary business machine to make the most of the Android working system. A number of months later, one other monumental occasion passed off, when Bitcoin creator Satoshi Nakamoto mined the BTC Genesis Block, birthing what Phil Chen — HTC’s “chief decentralized officer” — coined a “quiet revolution.”

Now, a decade later, HTC hopes to marry these two revolutions within the Exodus 1, the primary “blockchain smartphone” produced by a mainstream electronics producer. Chen unveiled extra details about the much-anticipated machine on Wednesday at Slush 2018 in Helsinki throughout a presentation that featured an look from Litecoin creator Charlie Lee.

Crypto Can Rescue Users from Digital ‘Feudal System’

charlie lee litecoin phil chen htc exodus 1
Charlie Lee (left) and Phil Chen (proper)

Speaking at the occasion, Chen stated that HTC believes in an “open internet,” and simply because the Dream turned the primary business smartphone to characteristic an open-source working system, the Exodus 1 will probably be an essential first step to serving to customers reclaim their private data and digital identities from the “tyranny” of know-how.

“This whole movement has been hijacked,” Chen stated, arguing that the world’s seven largest tech conglomerates had turned the digital world into a brand new “feudal system.”

“This thing that was open source became a railway to owning all of our digital identities, all of our digital personal data, and all of our digital assets.”

Chen stated that, if made obtainable to shoppers by means of user-friendly gadgets, blockchain technology can change that by giving customers management of their non-public keys.

HTC Exodus 1: First Look

htc exodus 1 slush 2018
HTC Exodus 1 | Slush 2018

Today’s HTC Exodus 1 demo comes lower than per week after upstart smartphone producer Sirin Labs — who says that it raised greater than $157 million by means of an preliminary coin providing (ICO) — formally launched the FINNEY, which it claims is the “world’s first blockchain smartphone.”

From a visible standpoint, the Exodus 1 is at first look a lot sleeker than the FINNEY, although — in contrast to the Sirin Labs machine — it doesn’t seem to characteristic a real chilly storage pockets. Instead, the Exodus 1 shops non-public keys in a safe enclave referred to as Zion, which isolates them from the rest of the working system. While maybe much less safe than chilly storage, it’s a vital step up from the software program wallets — whether or not custodial or non-custodial — the place most cell customers presently retailer their cryptocurrency funds.

Both telephones characteristic flagship specs, and — at least proper now — each might be pre-ordered completely with cryptocurrency, with estimated ship dates by the tip of the month. During his presentation, Chen formally introduced that, along with bitcoin and ethereum, customers should purchase the Exodus 1 with litecoin at a hard and fast fee of just below 20 LTC.

Images from Slush 2018/YouTube

Get Exclusive Crypto Analysis by Professional Traders and Investors on Sign up now and get the primary month totally free. Click here.


Source link

Be the first to comment

Leave a Reply

Your email address will not be published.