Menu

Search

  |   Technology

Menu

  |   Technology

Search

HTC Creating a Blockchain Phone to Increase Cryptocurrency Nodes

As cryptocurrency and blockchain become more and more a household name, innovators are finding ways to ride the tidal wave that it’s created. A wave that can potentially bring in millions, if not billions, in cash given that the right approach and implementation is followed. HTC is among these innovators and they recently announced that they’re in the works of creating a new smartphone with a built-in blockchain application.

Called the HTC Exodus, the phone will supposedly serve as a node. As it stands, there are already smartphones out there that are capable of doing this; although it doesn’t have a built-in app. Users will still need to download the app in order to have it act as such. The company also expressed their desire to double or triple the number of nodes for Bitcoin and Ethereum, the latter ranking the best at the recent top 10 list of cryptocurrencies released by China.

HTC has yet to unveil detailed information about the phone and how it will differ from a regular one. But others are already speculating. Douglas Schmidt of Vanderbilt University says that the company may construct the phone with added hardware protection.

This is in line with HTC announcing that the device will have a hard enclave that will be placed inside it. Schmidt speculates that this may be a “special chip” that will act as a vault for data and passwords of a user’s wallet. He went on to say that the chip may also be another layer of security measure in case the owner accidentally loses their phone.

Engineering Professor Jules White stated that the HTC may be trying to appeal to the average consumer to bring them into the cryptocurrency circle. Another feature the Exodus might have is a built-in tool capable of creating applications that take advantage of blockchain tech.

Whether the phone will appeal to cryptocurrency enthusiasts or the general public remains to be seen. At the least, it will certainly catch the attention of people who are already in the cryptocurrency market. At the worst, it becomes an expensive dud.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.