Ten many years back, customer electronics company HTC manufactured background when it launched the HTC Dream, the first industrial unit to use the Android functioning technique. A handful of months afterwards, one more monumental celebration took position, when Bitcoin creator Satoshi Nakamoto mined the BTC Genesis Block, birthing what Phil Chen — HTC’s “chief decentralized officer” — coined a “quiet revolution.”
Now, a ten years later, HTC hopes to marry these two revolutions in the Exodus 1, the initially “blockchain smartphone” created by a mainstream electronics company. Chen unveiled much more data about the considerably-anticipated unit on Wednesday at Slush 2018 in Helsinki all through a presentation that featured an look from Litecoin creator Charlie Lee.
Crypto Can Rescue Customers from Digital ‘Feudal System’
Speaking at the party, Chen mentioned that HTC thinks in an “open web,” and just as the Desire grew to become the to start with industrial smartphone to characteristic an open-source operating method, the Exodus 1 will be an essential 1st step to aiding consumers reclaim their individual information and digital identities from the “tyranny” of technologies.
“This entire movement has been hijacked,” Chen explained, arguing that the world’s 7 biggest tech conglomerates experienced turned the digital entire world into a new “feudal method.”
“This factor that was open source grew to become a railway to proudly owning all of our electronic identities, all of our digital individual data, and all of our electronic assets.”
Chen stated that, if produced offered to people via user-pleasant products, blockchain technology can modify that by supplying consumers handle of their personal keys.
HTC Exodus 1: First Glance
Today’s HTC Exodus 1 demo arrives significantly less than a week immediately after upstart smartphone company Sirin Labs — who states that it lifted a lot more than $157 million via an preliminary coin featuring (ICO) — formally introduced the FINNEY, which it statements is the “world’s to start with blockchain smartphone.”
From a visible standpoint, the Exodus 1 is at initially glance significantly sleeker than the FINNEY, however — as opposed to the Sirin Labs unit — it does not surface to feature a correct cold storage wallet. Instead, the Exodus 1 suppliers personal keys in a protected enclave termed Zion, which isolates them from the remainder of the working system. Although probably fewer secure than chilly storage, it is a important phase up from the software program wallets — whether custodial or non-custodial — the place most cell end users at present retailer their cryptocurrency money.
The two telephones aspect flagship specs, and — at the very least correct now — both equally can be pre-purchased solely with cryptocurrency, with believed ship dates by the end of the month. For the duration of his presentation, Chen formally declared that, in addition to bitcoin and ethereum, customers can order the Exodus 1 with litecoin at a preset amount of just beneath 20 LTC.
Illustrations or photos from Slush 2018/YouTube
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