HTC’s next Smartphone to run a Full Bitcoin node

HTC disclosed a new low-cost version of its blockchain phone, the EXODUS 1s.
The device will be capable of acting as a full node for the bitcoin network.

Rajarshi Mitra Independent Analyst

HTC announced at the Magical Crypto Conference in New York that it will be providing a full Bitcoin node service on its next smartphone. HTC’s Phil Chen disclosed a new low-cost version of its blockchain phone, the EXODUS 1s, in the conference. Reportedly, the device will be able to store the entire blockchain’s data on customer’s devices acting as a full node for the bitcoin network.

A software development kit will be provided by the firm for its crypto wallet app Zion Vault. Hereafter, the company is planning to open-source the code behind its social key recovery mechanism.

Phil Chen reported that the device will be released by the end of Q3. He said, “[The 1s is] going to be a lot cheaper, it will be a lot more accessible.”

The device will be priced between $250 and $300 however it can only be bought with crypto and fiat currency. Since the device will be running on a full Bitcoin node, Chen said that it was “a really important piece of the pie” for the bitcoin ecosystem.

Chen added:

“We think that’s foundational to the whole decentralized internet and just the whole fundamental premise. If you don’t own your keys, you don’t own your bitcoin, you don’t own your crypto...The bitcoin blockchain is about 200 [gigabytes], and it’s growing about 60 gigs per year. And those numbers are reasonable to hold on a smartphone. Imagine the iPod with 256 gigs … of course the music fan wants to keep the whole music library but the crypto fan wants to keep the whole bitcoin blockchain.”

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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