Finally, HTC has created a new and dedicated Instagram account for its upcoming blockchain smartphone. The Taiwanese company has confirmed through it that it will be launching the HTC Exodus blockchain smartphone on Oct. 22. The teaser of the smartphone does not reveal any information on its specifications, but it does give a glimpse of its design.

https://www.instagram.com/p/Bo10uP_hptt/?utm_source=ig_embed

It is speculated that the HTC Exodus will serve as a storage wallet for Bitcoin and Ethereum cryptocurrencies. Only a unique key may allow users to access the wallet.

It will possibly allow Exodus users to trade cryptocurrency. The handset will be running on Android. However, it is likely to be customized with security protocols and apps for safely storing cryptocurrencies. To offer the topnotch security for Exodus users, the company has reportedly created security enclave dubbed as Trust Zone within the ARM hardware. It is speculated that the HTC Exodus will command a price tag of around $1,000.

The Taiwanese tech company had also launched a dedicated website for the HTC Exodus in the recent past. The website only provides an option to enter user details to stay updated on the smartphone. The text present on the website reads that the it will be the first ever smartphone to arrive with decentralized apps and security.

The company has been working with multiple protocols with the intent of seamless operation between blockchains. The website of the HTC Exodus also carries an image that outlines the design. The handset is expected to sport a single camera.

• Read More: HTC’s upcoming 5G-enabled flagship smartphone powered by Snapdragon 855 SoC is in works: Report

After getting announced on Oct. 22, the company may soon make the HTC Exodus phone available on pre-orders. It is speculated that the shipments of the Exodus smartphone may begin by December.

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It has been roughly four months now since HTC disclosed that it is working on a blockchain-powered phone which would be called Exodus. The HTC Exodus will be the company’s first blockchain smartphone and is scheduled to be released soon. HTC’s chief decentralized officer Phip Chen has now revealed that the phone’s launch is still as scheduled and that is, it will be open for pre-orders in October while the phone will start shipping in December this year.

Chen also revealed that the company is still working on the optimization of the functionality of the blockchain-powered phone. Presently, efforts are focused on improving the security for the access to cryptocurrencies stored on the phone. To this end, the company says it is incorporating the electronic wallet with ARM’s TrustZone technology, forbidding hackers from gaining access to the electronics wallet without HTC’s own API.

Read Also: HTC Gaming Smartphone is still a possibility, but not anytime soon

In addition, Mr Cen hinted that the Exodus will be integrated with Shamir’s secret sharing algorithm. This will allow users to use the social key recovery mechanism to retrieve the password and other assets when the phone is lost or stolen. HTC is yet to reveal the price the Exodus will adopt but that may likely be uncovered as soon as pre-orders open. Apart from the Exodus, HTC is also reportedly working with the developers of the known game Cryptokitties and it will release an app focused on data security. This app has been tipped to launch even before the Exodus phone, and it should be available first on the latest HTC devices.

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Bitcoin is in the middle of a consistent decline in the last few weeks, and the same goes with HTC as well. But the Taiwanese company seems to be believing in the cryptocurrencies as well as the blockchain, and it is about to launch a blockchain-based smartphone. The company has just confirmed that its blockchain-based device known as Exodus will be made official during this Fall. According to the hi-tech giant, it will be the first cold wallet phone with key recovery.

A website dedicated to the HTC Exodus project has already been set up, but there isn’t much info. Still, it is possible to register in order to receive updates about the device once they are available. Given its nature, we expect HTC Exodus to be a device guaranteeing the maximum security with cryptocurrency.

It should be able to act as a crypto wallet storing money inside its internal storage, and it should provide advanced methods of encryption. Besides HTC Exodus, the company has been working with the developers of the known game Cryptokitties and it will release an app focused on data security. This app has been tipped to launch even before the Exodus phone, and it should be first available on the latest HTC devices.

(via, source)

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HTC is the latest manufacturer to jump on the blockchain phone train. There are reports the Taiwanese phone company is making one called the HTC Exodus.

Schematics of the phone shows it has a single camera, support for storage expansion, and nano-SIM support. In terms of software and security, the HTC Exodus will have a universal wallet and a  “secure hardware enclave” that supports cryptocurrencies and decentralized applications such as Bitcoin, Lightning Networks, Ethereum, and Dfinity etc.

HTC’s Vive creator, Phil Chen, is said to be the one heading the product and all other things related to blockchain and cryptocurrency at HTC. He  said HTC “would like to support the entire blockchain ecosystem, and in the next few months we’ll be announcing many more exciting partnerships together.”

READ MORE: Sirin Labs Announces Full Specs For Its Finney Blockchain Smartphone

It is also reported that HTC may consider accepting cryptocurrencies as payment for the phone when it is released. There is no info yet on when the Exodus will hit markets but we presume it may arrive before the end of the year.

(Source, Via)

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