Taiwanese consumer electronics company HTC has officially launched its first blockchain smartphone and it can only be bought using cryptocurrencies. The Exodus 1 is available for 0.15 BTC or 4.78 ETH, which is roughly translated to 1000 dollar. The HTC Exodus 1 is available for pre-order in the US, the U.K., Hong Kong, Singapore, the Netherlands, Germany, France, Spain and many other E.U. countries. The phone will ship this December.
HTC is only accepting crypto payments because the phone is aimed at the hardcore cryptocurrency and blockchain community. If the value of ETH and BTC would strongly increase of decrease, the company will adjust the price of the phone.
The Exodus 1 is really an high end phone. A 3500 mAh battery, dual cam on both sides of the phone with the back camera supporting a 12MP and 16MP camera, video support for 4K and 60 frames per second, 6GB DDR4 RAM, 4G LTE support, etc.
This phone has a build-in security system called the Trusted Execution Environment (TEE). With TEE in place, it’s impossible for hackers to get access to information stored in there. Private crypto keys are safe. The phone also has an interesting recovery method for your keys. Users can select several trusted friends, who need to download the HTC key management app. The seed from the user’s phone gets cut into pieces and each of the friends gets a part. Only by recovering all shares, can you gain access to your funds.
The wallet initially supports bitcoin, litecoin, ethereum and several ERC20 tokens. Which tokens will be added in the future, all depends on partnerships. But as the wallet supports ethereum, basically any ERC20 token should work.
HTC is planning to release a cheaper phone in the near future, which would mainly be aimed at the unbanked. Supposedly Secretary-General Ban Ki-moon from the United Nations already has expressed his interest in the developments at the Taiwanese tech company.
The HTC Exodus 1 has support for one sim-card. Therefore it relies on phone providers. From that perspective this phone is different from the one Pundi X is developing. They are working on a phone that works entirely on blockchain technology, including making phone calls and of course sending messages. Kripto Mobile has also been working on a blockchain phone already, tying in with Dash.