HTC working on blockchain-powered smartphone called 'Exodus' to support cryptocurrency transactions

HTC working on blockchain-powered smartphone called 'Exodus' to support cryptocurrency transactions

Today it was time for the first well known smartphone brand to jump into the fray: HTC.

TAIWANESE PHONE MAKER HTC has ann its plans to develop a blockchain-powered Android smartphone phone named Exodus. Exodus will come equipped with its own universal wallet for managing various cryptocurrencies and special technology will allow it to run all sorts of decentralized apps.

According to reports, HTC is planning to create a native blockchain network where Exodus will work as a nodal point to facilitate the trade of cryptocurrencies amongst its Exodus users.

The device is the brainchild of Phil Chen, who was the driving force behind the HTC Vive virtual reality headset.

Initially, it will launch with support for Bitcoin, Ethereum, Dfinity networks, and Lightning Network, but the company says it will eventually support the entire blockchain ecosystem. While the two smartphone giants HTC and Huawei don't yet mention a target price range for their blockchain smartphones, the "Finney" smartphone from SirinLabs and Foxconn is said to cost around $1,000. Meanwhile, the Blockchain phone from the Sirin labs is due for an October launch. The phone will be compatible with multiple protocols and will also support interoperability.

Tech and health care drop stocks lower; bond yields rise
Markets focused early on economic reports with sales at USA retailers rising for a second straight month in April. Germany's DAX fell 0.1 percent after new data showed the country's economy slowed in the first quarter.

HTC has not shared any release date or price of the phone but it has been now listed on its website for bookings. It's quite likely that the future phones will be readied with blockchain and generic cryptocurrency compatibility in mind.

HTC hasn't released any official images of what the Exodus will look like.

HTC isn't the first to tout a blockchain phone. The company said that it will offer enhanced security and data protection.

As of now, HTC has released only the sketches and hopefully we will hear more about the phone soon.

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