Crypto-smartphones-are-only-the-beginning-for-HTC-says-Phil-Chen

Under the leadership of Phil Chen, the decentralized chief officer at HTC, the Taiwanese electronic conglomerate launched the first blockchain based crypto phone, HTC Exodus 1. However, at the Web3 Summit held in Berlin, Chen disclosed his plans to go far beyond.

The journey Of The World’s First Crypto Phone

Chen reminded the world HTC had made the first commercially produced Android phone in 2008. They carried their trailblazing attitude to 2018 when Exodus1 was released. Even though their first Android phone, HTC Dream, did not live up to its expectations, he thinks Exodus will follow a more relevant path.

“This is the first Android phone that HTC launched back in 2008 in September. It’s been 10 years and one month to this day. And that was the dream in which we were building. This phone was called the HTC Dream – the dream of building an open-source phone with open collaboration.”

Currently, the phone is available for preorder for 0.15 BTC or 4.78 ETH. Noticeably, the price of the phone is currently at about $970, however, because of it being pegged to cryptos, the price might rise or fall when compared to USD. The company has said that the shipment of the phone will begin in December 2018.

Exodus 1 will support multiple blockchain protocols such as Bitcoin and Ethereum support, Lightening and Dfinity network support. This will be brought together through universal crypto wallet which will permit its users to ensure the safety of their virtual currencies. The phone also boasts a key management API which helps users manage their own wallet keys and secure their applications.

In the landmark presentation, Chen essentially demonstrated how the world’s top tech minds are coming together to make the “next big thing” in the crypto ecosystem. He mentions that this is being fueled by the social backing, especially of the younger generation. It is the general public that adopts and adapts with cryptos and thus the movement is mostly a down-up one.

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