íàçâàíèå

HTC Exodus Blockchain-Centric Smartphone Is Set To Release Later This Year

HTC Exodus Blockchain-Centric Smartphone Is Set To Release Later This Year

HTC, a Taiwan-based electronics hardware manufacturer, announced their Exodus phone earlier this year. As per previous reports, the Exodus was touted as the “world’s first major blockchain phone.”

The media went into a frenzy over this announcement, with many speculating about how this would change the blockchain and cryptocurrency scene.

But at the time of the original announcement, no one knew exactly what the device would entail, and what blockchains it would support. Phil Chen, an HTC executive, gave an ambitious statement in May, stating: 

We envision a phone where you hold your own keys, you own your own identity and data, and your phone is the hub.

In this most recent announcement, HTC gave more details in regard to the Exodus Blockchain smartphone, clearing the air around this hot topic.

Unfortunately, Chen noted that HTC’s plan for an “own your own identity and data” smartphone will not come to fruition in the form of the Exodus, but rather in a later release.

Yesterday, the HTC executive told The Verge that Exodus’s blockchain support will come in the form of an in-house crypto wallet and a CryptoKitties service integration. These features being a far cry from the ambitious plans HTC held preceding this announcement.

However, the HTC team still has high hopes for these two features. More specifically, Chen claims that the built-in wallet will be “the most secure hardware wallet out there,” possibly surpassing the security of cold wallet solutions like the Ledger and Trezor.

In terms of the unexpected CryptoKitty support, the executive hopes that the gamification of the blockchain will entice ‘no-coiners’ to give the Exodus a shot. He elaborated, noting:

Gaming is the most approachable thing on mobile, for the non-crypto crowd.

Despite these features disappointing some, Chen mentioned that there are plans in place to implement mobile cryptocurrency mining. He later added that there is already “famous” experts looking into a variety of different consensus protocols that might make Exodus mobile mining a reality. The HTC employee noted that the Taiwan-based firm might even release a white paper later this year, giving more details about this mining system.

However, these features do not come at a cheap price, as Chen implied that preliminary estimates will put the retail cost of the Exodus at approximately $1000. One must assume that top of the line hardware will be an integral part of this blockchain smartphone, or HTC would have no chance at selling this device at all.

HTC Exodus: An All Or Nothing Play For The Hardware Manufacturer?

When taking a look at HTC’s recently released financial statements, it becomes easy to tell that prospects are looking rather grim for the company. According to CNET, HTC’s sale figures dropped a staggering 68%, while compared with last year’s financials.

The manufacturer has been having a rough time trying to compete with smartphone giants, Apple and Samsung. The Verge pointed out that sales for the company have taken a tumble, from two million products in 2017 Q1 to just 630,000 at the start of this year. As a result, the Taiwan-based firm intends to lay off 1,500 employees in an attempt to bring its bottom line to a more sustainable level.

In short, HTC is in a precarious financial situation and has troubled to stay afloat in the unforgiving smartphone market. But many speculate that the company is riding on the success of the Q3 Exodus release, as a successful launch of this phone could see HTC move to clearer waters.

11.07.2018 / 15:25 99
HTC Layoffs Won’t Impact Production of ‘World’s First Blockchain Phone’ HTC Layoffs Won’t Impact Production of
Smartphone manufacturer HTC’s recently-announced round of layoffs will not affect the development or production of the HTC Exodus, which the firm has
HTC to Launch Its Own Cryptocurrency-Focused Smartphone, Exodus HTC to Launch Its Own
With HTC entering the race, a second cryptocurrency supporting smartphone created by a major electronics manufacturer is now on its way to the
HTC Announces ‘Exodus,’ New Smartphone for Decentralized Applications with Bitcoin and Ethereum HTC Announces ‘Exodus,’ New Smartphone
Taiwanese consumer electronics HTC Corporation has announced its plans for the world’s first ever native blockchain smartphone dedicated to providing
HTC Announces New Blockchain Powered Smartphone HTC Announces New Blockchain Powered
Taiwanesesmartphone maker HTC will introduce their first Blockchain phone to the market in October, the device will be available for purchase with
HTC Plans to Ship a Blockchain Phone This Year HTC Plans to Ship a Blockchain Phone
HTC blazed trails in the late 2000s by bringing a smartphone to market based on the Android operating system. Now it wants to do the same with
HTC Exodus to Be ‘World’s First Native Blockchain Phone’ HTC Exodus to Be ‘World’s First Native
Smartphone manufacturer HTC is taking a major leap into the cryptocurrency ecosystem and wider blockchain industry. The Taiwanese firm on Tuesday
Comments (0)
Add a comment
Comment on