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Charlie Lee to Advise Development of HTC Crypto-Compatible Smartphone Exodus

Charlie lee to advise development of htc crypto-compatible smartphone exodus

Charlie Lee to Advise Development of HTC Crypto-Compatible Smartphone Exodus

Charlie lee to advise development of htc crypto-compatible smartphone exodus

Litecoin (LTC) founder Charlie Lee tweeted July 29 that he will be an advisor for HTC’s new smartphone Exodus, which will support LTC and the Lightning Network (LN).

In acknowledging Lee’s new advisory position, HTC tweeted:

“One small step for @SatoshiLite. One giant leap for blockchain.”

As previously reported by Cointelegraph, HTC is seeking to enter the crypto space with a mobile device that includes decentralized ledger technology (DLT), announcing the Exodus as “the first native blockchain phone” in May.

In June, the company clarified that the Exodus will instead contain a cryptocurrency wallet that will support Bitcoin (BTC) and Ethereum (ETH), as well as the LN and the popular gaming DApp CryptoKitties.

Lee’s tweet announcing his new role in HTC as an advisor also revealed that the Exodus would support both LTC and the Lightning Network “natively,” noting that he took on the advisory role as he “see[s] having a secure crypto phone that makes LN simple [as] needed for mass adoption.”

While the final blockchain structure of Exodus is still unclear, Lee reassured in his tweet that, “No, they will not remove BTC.”

According to Phil Chen, the creator of HTC Vive and HTC’s head of business and corporate development, the price of Exodus would be “comparable” to that of Sirin Labs’ blockchain-backed smartphone Finney, which has an expected retail price of $1,000.

Chinese tech giant Huawei also reportedly has taken an interest in developing a smartphone that will support DApps running on blockchain technology, as an unconfirmed March report noted the firm was seeking a license for the open-source operating system SIRIN OS.

Published at Mon, 30 Jul 2018 19:15:00 +0000

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Former Microsoft Engineer Helps Raise $8 Million to Fund Giga Watt Project, an “Airbnb for Bitcoin Mining”

Giga Watt Token Launch has raised $8 million to democratize access to the Washington state-based crypto mining operation founded by former Microsoft engineer Dave Carlson.

[Note: This is a press release.]


The facility allows anyone to participate in cryptocurrency mining through the WTT token, making attainable what has traditionally been an expensive, resource-reliant endeavor. WTT tokens represent the right to use the Giga Watt processing center’s capacity rent-free for 50 years, to accommodate 1 Watt’s worth of mining equipment power consumption. Token owners can use this capacity to accommodate their own miners or can rent out the WTT token to other users.

Giga Watt token launch

Giga Watt’s state-of-the-art facility in Wenatchee allows Bitcoins to be mined for under $600, significantly cheaper than their online purchase price of nearly $3,000. Access to inexpensive energy makes the location particularly economical, especially compared to many East Coast cities where interest in digital currencies is rising rapidly. Launched in partnership with Cryptonomos on June 2, 2017, the 60-day Giga Watt token sale has raised $8 million and counting, with latest statistics available here.

Giga Watt founder and CEO, Dave Carlson, explains:

By tokenizing our mining infrastructure, Giga Watt is finally able to extend our huge economic advantage to anyone in the world, large or small, to run their own mining business and be successful by having our expert team build and manage it. […] This is a move to decentralize the global balance of mining power and put it back in the hands of the little guy.  The home miner built bitcoin, and I want anyone to succeed as a true participant in the explosive growth of cryptocurrency mining.

Full details on the Giga Watt project and WTT token are available in Giga Watt’s White Paper.

About Giga Watt

Giga Watt is a facility in Wenatchee, Washington which provides turnkey mining services and custom mining packages. The facility offers a full range of mining services including equipment sales, maintenance and repair, and private blockchain servicing. For more information, please visit https://www.giga-watt.com.

About Cryptonomos

Cryptonomos is the blockchain solution for crowdsale, offering customizable structures and model smart contracts to cut down on costs and time at all stages of development, a wide selection of adaptable functions, independent auditing of smart contracts, and assurances of legal compliance and security. To learn more about Cryptonomos, please visit https://cryptonomos.com.


Images courtesy of Giga Watt, Shutterstock

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