HTC has unveiled the world’s first ever blockchain based smartphone dubbed HTC Exodus 1 available in the consumer market, which is priced in Bitcoins. It’s available for pre-order now and is expected to ship out in December. You can only pay for it in crypto-currencies – BTC 0.15 or ETH 4.78 (approximately Rs 70,750) (which is about $960/€830 today, but tomorrow who knows?).
This also makes HTC one of the first major smartphone manufacturers to accept payments in the form of cryptocurrencies.
HTC announced the device in May, indicating that it will come with its own digital cryptographic that will allow users to store and exchange cryptocurrencies. The company said that this will be an alternative to the special memory cards that investors are currently using to invest their digital money.
HTC Exodus comes with the Zion cryptographic wallet of the pre-installed company, which protects all hidden cryptographic keys from any unreliable part of the operating system and applications. In addition, the device can also function as a “node” to maintain blockchain networks such as Bitcoin, Ethereum, Electronium, etc. This will also make users get rewards for doing so.
The exchange had announced last week that Binance Uganda would open this week. Today’s statement reads that Binance Uganda is also a “first step” to the expansion of crypto exchange markets for a “more inclusive ecosystem that will involve fiat currencies.”
According to a previous announcement on Oct. 22, Binance Uganda clients are set to be provided with zero-fee trading until Nov. 24. After that period, Binance Uganda will charge users with 0.1 percent trading fee, the statement says. Today’s statement does not mention the zero-fee trading.
Following the announcement, Binance has also announced a recent donation of $500,000 for Uganda through its charity wing, Blockchain Charity Foundation (BCF). The statement says that the launch of the crypto-fiat exchange in the African country is part of the company’s intention to contribute to blockchain development in the country, as well as future plans to expand the technology across the African continent.
To protect its users from losing all their cryptocurrencies by losing or breaking their Exodus 1, the company has added the feature “Social key recovery”, better known as key fragmentation. The device will allow its users to choose trusted people, who can join and recreate the user’s private key from which they can access their wallet again.
HTC Exodus 1 sports a 6-inch QHD + screen with an aspect ratio of 18: 9. It is powered by the Qualcomm Snapdragon 845 processor paired with the Adreno 630 GPU. The device comes with 6 GB of RAM along with 128 GB of internal storage. It works with Google’s Android 8.1 Oreo operating system and is backed by a non-removable 3,500mAh battery.
The device has a dual camera configuration on the back that consists of a 16MP camera along with a 12MP camera. On the front, he sports an 8MP camera to take selfies.