Blockchain is supposed to be safer than current centralized record keeping, and many are touting it as the wave of the future.
First noticed by TheNextWeb, HTC's blockchain-powered smartphone features a universal wallet, with hardware support for cryptocurrencies and decentralised apps.
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The idea is that security and transparency are increased by having a blockchain, so it's harder to commit fraud: Changing one block immediately brings up errors in the adjoining blocks, for example.
Exodus is expected in October. It's also decentralized, meaning that it's accessible by anyone and not corruptible by hackers.
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Using the blockchain theoretically allows HTC to make the Exodus more secure than regular devices. HTC might even accept cryptocurrency as payment for the phone, but the price is still to be decided. Each handset will act as a node for the Bitcoin and Ethereum blockchains so that every phone will increase the overall size and scope of the network.
The device will also feature what's supposed to be a trusted and user-friendly UI for DApps. As the company's "Decentralized Chief Officer", Chen notes users will own their "ID and data" right on the phone, instead of the cloud.
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So far, only Sirin Labs has been able to come very close to the launch of the world's first blockchain phone.