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HTC Says Its Next Smartphone Will Run a Full Bitcoin Node – CoinDesk

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Cell phone producer HTC needs to let its smartphone clients plug into the bitcoin blockchain.

Talking on Saturday on the Magical Crypto Convention in New York, HTC’s Phil Chen revealed a new low-value model of its blockchain cellphone, the EXODUS 1s, saying that the gadget might be able to appearing as a full node for the bitcoin community, which means clients will retailer your entire blockchain’s information on their units.

The corporate may even present a software program growth equipment (SDK) obtainable for its Zion Vault, HTC’s crypto pockets app, and finally plans to open-supply the code behind its social key restoration mechanism.

Phil Chen, HTC’s decentralized chief officer, instructed CoinDesk that the corporate is concentrating on a launch by the top of Q3.

“[The 1s is] going to be a lot cheaper, it will be a lot more accessible,” he mentioned. The gadget will retail for between $250 and $300.

Specs haven’t but been launched for the gadget.

The 1s might be based mostly on the HTC EXODUS 1, which was introduced at CoinDesk’s Consensus 2018 and launched later within the 12 months. Whereas clients may initially solely buy the gadget with crypto, HTC opened up fiat cost choices in February.

Full node

Probably the most putting promise of the 1s might be its means to run a full bitcoin node. Chen defined that the corporate noticed that as “a really important piece of the pie” for the bitcoin ecosystem.

“We think that’s foundational to the whole decentralized internet and just the whole fundamental premise,” he mentioned. “If you don’t own your keys, you don’t own your bitcoin, you don’t own your crypto.”

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The EXODUS 1 was designed to let customers keep their very own non-public keys, which in flip fashioned the premise for this subsequent transfer, Chen mentioned.

He believes that from a technological standpoint, smartphones at present are bodily able to dealing with the trouble, noting that computing chips and storage media are continuously changing into cheaper and extra environment friendly.

“We expect that phones will be powerful enough,” he contended, including:

“The bitcoin blockchain is about 200 [gigabytes], and it’s growing about 60 gigs per year. And those numbers are reasonable to hold on a smartphone. Imagine the iPod with 256 gigs … of course the music fan wants to keep the whole music library but the crypto fan wants to keep the whole bitcoin blockchain.”

By letting customers run full nodes, HTC is giving them the flexibility to confirm information themselves, he mentioned.

“[You can] be a part of the bitcoin revolution by contributing to the security of the whole network,” mentioned Chen.

That being mentioned, the EXODUS 1s will nonetheless be able to conducting regular smartphone operations, with room for music, movies, footage, apps and dapps.

Different blockchains?

HTC plans to assist the bitcoin blockchain at launch, however Chen didn’t rule out including assist for different networks. The chief issues embrace how a lot reminiscence and bandwidth different networks would require, he defined.

“I think running light nodes, like ethereum for example, is definitely doable, [but] it all depends on the spec,” he mentioned.

The corporate additionally plans to deal with public blockchains, which Chen believes are far simpler to assist than non-public networks. That mentioned, HTC will not be planning on including assist for another networks explicitly at the moment.

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“I see bitcoin as one of the most important if not the most important blockchains,” he mentioned. “We definitely want to support that first and given what bitcoin stands for, open, neutral, censorship-resistance.”

He additionally famous that bitcoin is “the most proven” community, and supporting it was no less than a little symbolic as nicely.

As soon as HTC is ready to launch the 1s, Chen expects that his crew will have the ability to apply the expertise from supporting a bitcoin node to different networks.

Ecosystem development

Its new 1s falls according to HTC’s objective of contributing to the broader crypto ecosystem.

Demand from the EXODUS has been “in track” with HTC’s expectations, Chen mentioned. Nevertheless, the corporate continues to be soliciting suggestions from the group. To that finish, HTC is publishing its Zion Vault SDK for builders and in the end plans to make its social key restoration mechanism obtainable for different wallets to make the most of (although there isn’t a set timeline for this final half).

The corporate can be persevering with to assist its present EXODUS 1 product, including an Etherscan widget for purchasers to discover the ethereum blockchain and assist for additional non-fungible tokens.

Chen mentioned the corporate would proceed to develop merchandise for the road, concentrating on a person-targeted expertise.

“I think people who really care about the public blockchain space see the role we play in this ecosystem. We’ve gotten a lot of support from developers and we’re very authentic about empowering developers,” he mentioned.

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