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

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
smartphones.

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

Published at Sun, 12 May 2019 07:34:21 +0000