HTC Launches Blockchain Smartphone ‘Exodus’ with Flagship Specs

Doris Richards
October 23, 2018

The phone runs on Function X, an ecosystem built entirely on and for blockchain.

As for the pricing, the HTC Exodus 1 comes with a pre-order price of $960, but you can not purchase it using your local currency or your payment cards. The handset looked promising in teasers and announcements that preceded the phone's launch, but if you were hoping that HTC invented some sort of new operating system, based exclusively on blockchain technology, then you'll be disappointed to find out the Exodus 1 is still an Android handset. Running on Qualcomm Snapdragon 845 processor, HTC Exodus 1 has 6GB of RAM and 128GB built-in storage.

The device is unique in offering what HTC calls a "secure enclave" away from the Android operating system (the phone will run Android Oreo) directly into the hardware itself.

HTC's decentralized chief officer, Phil Chen, told CoinDesk that the company is hoping to get feedback from the blockchain community about the early-access version in order to improve upon the device. But as long as this is an Android phone, some of that data still flows to Google. Users will be able to designate a few contacts as "trustworthy", and each contact will be able to download a key management app.

Additionally, HTC developed a Social Key Recovery mechanism that's supposed to help you recover your keys if your phone is lost, stolen, or you forget them. Then, your seed will be split via a secret sharing algorithm and sent to the trusted contacts.

"It basically is a wallet, but the wallet, what it does is hold your private keys."

This means it is even harder for anyone to gain access to your cryptocurrency wallet, and could even be used to store user data such as fingerprint and facial scans in the near future, offering a locked-down space to safeguard your most personal information.

The EXODUS 1 is wholly dedicated to blockchain encryption-all the way to how consumers initially order the device: The smartphone can only be purchased using Bitcoin or Ethereum.

To further develop and strengthen the technology, HTC will soon release APIs to allow third-party developers to use the EXODUS 1 specific hardware to protect keys and sign transactions. That's how crypto works.

The EXODUS 1 is available to customers in the U.S., Hong Kong, Singapore, New Zealand, the United Kingdom and almost 30 other countries, according to the press release.

Other reports by Iphone Fresh

Discuss This Article