HTC is working on a next-gen 'blockchain phone'

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HTC has not shared any release date or price of the phone but it has been now listed on its website (even on HTC India) for bookings.

Taiwanese smartphone maker HTC is working on a new Android phone which will be powered by blockchain technology, The Next Web reported.

Well, the phone's hardware is optimized to support decentralized apps (dApps), and there's a built in "universal wallet" to support storing your cryptocurrencies.

The work on the development of a new device will be headed by Phil Chen, who earlier worked on creation of HTC's virtual reality headset Vive. "We would like to support the entire blockchain ecosystem", he said.

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Smartphone manufacturer, HTC, is planning to launch a blockchain-based phone in the upcoming months, according to recent reports. Meanwhile, the Blockchain phone from the Sirin labs is due for an October launch. Moreover, it is expected that HTC will accept cryptocurrency as a way of payment for its new phone. The company is also said to be exploring the possibilities of launching its own cryptocurrency. Only time will tell if the HTC Exodus ends up being another step towards blockchain reaching the masses.

"Our vision is to expand the blockchain ecosystem by creating the world's first phone dedicated to decentralized applications and security", the Exodus landing page reads. At this juncture, the world is yet to witness the benefits that devices like the Finney phone or the HTC Exodus will offer. The company has also included a few advanced security features and claims the phone is virtually "tamper proof".

"We envision a phone where you hold your own keys, you own your own identity and data, and your phone is the hub", he added.

Using the blockchain theoretically allows HTC to make the Exodus more secure than regular devices.