HTC unveils its first blockchain-powered smartphone, the Exodus

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According to a report by The Next Web, Taiwanese hardware manufacturer HTC is now working on an Android smartphone powered by blockchain technology. The difference is that will be created to support for blockchain-based distributed apps, and feature what the company describes as "built-in secure hardware". What this means is that all of you cryptotraders will have no problems managing your "money" and accessing it via all sorts of avenues.

Furthermore, all Exodus phones will also act as nodes to manage cryptocurrency trading that takes place through HTC's own blockchain network. If that doesn't get you Mr. Robot fanboys going, I don't know what will.

HTC is harnessing the expertise of Phil Chen, co-founder of VIVE.

The HTC Exodus will support Bitcoin, Ethereum and other rapidly emerging currencies in a universal wallet.

"We would like to support the entire blockchain ecosystem, and in the next few months we'll be announcing many more exciting partnerships together".

There's no doubt that HTC's trying something different compared to most other Android OEMs with Exodus, but I'm not sure this is the product that'll revitalize the company's mobile business.

HTC has followed in footsteps of Sirin Labs who announced a blockchain powered smartphone past year. Chen's new title is going to be "decentralized chief officer".

HTC is not the first company to envision a blockchain smartphone. Additionally, trading in most cryptocurrencies will still incur mining fees - even on blockchain devices. It is also unknown if the device will be retailed in territories outside of the US. Sirin Labs is coming out with a $1,000 blockchain-powered phone in October called the Finney.

In addition to cryptocurrency manipulation, blockchain is touted for its ability to offer both better security and user experience by incorporating cold wallet storage - offline cryptocurrency storage - directly into the phone.