Electronics company HTC has announced it is launching a smartphone to bring crypto and blockchain technology to a wider audience in Q3 2019.
According to a press release shared with Bitcoin Magazine "EXODUS 1s will be the first smartphone that never has full node functionality "that contains the entire Bitcoin block chain.
"With EXODUS 1, we gave people the opportunity to own their own keys, now we give people the opportunity to run their own hub," Phil Chen, decentralized boss at HTC, told Bitcoin Magazine . "It's about building technology for the free world."
Without going into detail, Chen added that he has been working on the project "for a while" and that the biggest obstacle was "developing a device that can act as a true complete hub and keep the entire Bitcoin blockchain on the device. "He believes that this goal has now been met.
Chen also described some of the phone's technical challenges.
"The complete Bitcoin blockchain is around 200 GB [and] increasing to about 60 GB per year," he said. "The full main box can also be cut to about 1
The phone can always support the cropped version, but the use of the full block chain will require an extra SD card. In addition, it is recommended that users only run a hub of a stable Wi-Fi connection due to the large data requirements and have the ability to charge the phone at hand.
Chen argued that "the phone won't be mine for bitcoin itself, but we have upcoming partners to announce who will offer hashrates." The Bitcoin ecosystem relies on both mining and nodal operation, but Chen observed that mining is much stronger incentivized. Ideally, this means running nodes like this with low entry costs, will help strengthen the overall system.
"Running a node is perhaps the most important part of blockchain as it helps secure the network; each serves as an authoritative verifier for each transaction of the block," said Chen. "We have first authorized the user by owning their own keys and now we are focused on allowing the user to run their own hub to secure and expand the network. "Ideally, the presence of nodes like this will increase the blockchain app operation. According to the press release, further technical details will be available near the product's commercial release.