THELOGICALINDIAN - In 2024 HTC the Taiwanbased technology behemothic and smartphone architect abashed the crypto apple back it apparent affairs to barrage a blockchainfriendly accessory This apparent the aboriginal time that a ample technology association had appear it was allocating austere basic appear a cryptocurrency product
Unlike abounding added ventures in this beginning industry and adverse to critics’ expectations, the device, dubbed “EXODUS 1 (One)” by HTC, has flourished. In fact, industry legends, namely Ethereum’s Vitalik Buterin, accept adopted the buzz for circadian use. The EXODUS team, led by adventure backer and technologist Phil Chen, is attractive to body on its antecedent success with a new accessory — the EXODUS 1s.
Crypto-Friendly EXODUS Phone To See Refresh
Announced Saturday at New York’s Magical Crypto Conference, hosted by Litecoin’s Charlie Lee, Samson Mow of Blockstream, Whale Panda, and Riccardo Spagni, the EXODUS 1s is accepted to be a added “value-oriented” adaptation of its predecessor.
#MCC2019 capital stage. Where is everyone?! pic.twitter.com/HO7UX31vu6
— Magical Crypto Friends (@magicalcrypto) May 11, 2019
The best part, the EXODUS 1s won’t be abounding with compromises. Instead, the new accessory will accommodate the “revolutionary bond of smartphone technology with blockchain technology” that has existed, succeeded, and is actuality congenital on top of appropriate now. It is important to agenda that the EXODUS 1s’ blueprint accept yet to be divulged.
What makes this new alms aperitive is that it will be awash at a lower amount akin (cost to-be-announced), giving users in developing nations, abounding of whom charge admission to banking services, a adventitious at benefiting from HTC’s technologies. A columnist absolution elaborates:
“It will acquiesce users in arising economies, or those absent to dip their toes into the crypto apple for the aboriginal time, easier admission to the technology with a added attainable amount point. This will adjust admission to crypto and blockchain technology and advice its all-around admeasurement and adoption.”
What’s more, the EXODUS 1s will purportedly be the aboriginal consumer-facing smartphone to accept abounding bulge capabilities, giving its users the befalling to download the abounding Bitcoin blockchain to their phone, disvaluing third-party nodes that can be manipulated and convalescent privacy. In a comment, Phil remarked that “full nodes are the best important additive in the animation of the Bitcoin network”, and that blurred the barriers to access in this amphitheatre will advice the enactment of a “free world” predicated on decentralized technologies.
In the above columnist release, HTC additionally appear that it has open-sourced the Zion Vault SDK, some of the tech abaft EXODUS’ on-device algid accumulator and asset administration system; partnered with privacy-centric chase browser Qwant; enabled Ethereum block charlatan Etherscan; and has broadcast abutment for ERC-721 crypto assets, which could be basic to the approaching blockchain revolution.
This contempo advertisement confirms bounded letters appear over the accomplished two weeks. For instance, DigiTimes reported that according to Phil Chen explained that his team’s flagship artefact was to be succeeded by a contemporary device. He said that “in accession to acknowledging the administration of cryptocurrencies and accompanying technologies,” forth with the aegis of agenda assets/collectibles, the new smartphone will accommodate blockchain-enabled applications for browsing, messaging, amusing media, amid added areas.
The Importance Of Blockchain-Enabled Devices
To some skeptics, a “blockchain phone” may complete questionable, but Phil Chen claims that Exodus is of utmost importance. In an interview with NewsBTC, he added explained his thoughts on the matter. When asked about the accent of Exodus, Chen remarked that if you abscess the smartphone down, he thinks it’s the “only buzz that empowers users to own their clandestine keys.” He adds that this simple affection is a “foundational principle” of the decentralized web, which cryptocurrencies are and will abide to be basic too.
On the amount of why owning one’s own clandestine keys is essential, Chen tells NewsBTC that consumers should affliction about their claimed data, as “the way we are trading baby conveniences in barter for micro invasions of privacy,” has “major ramifications,” alike for democracy. He concludes:
“There’s a actual moral movement about this. When you don’t own your crypto assets or abstracts or identity, there is article fundamentally amiss about that. If there’s a absolute character that is you — things that you’ve created, attributes or characteristics that call you — that you don’t own, there’s article absolutely wrong, abnormally because we are this far into the advice age, and there’s no abstraction of agenda acreage — what is yours, what is mine… These bodies would accept acceptable apprehend the book 2024 to accept the issues with all this.”
