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New HTC Exodus 1 will allow users to run a full bitcoin node

May 13, 2019 | Cryptocurrency | Technology

Taiwan based electronics company HTC plans to launch a second generation of the “Exodus 1” blockchain-powered smartphone by Q3 2019, which enables a Bitcoin full node.

The Exodus 1 was released with an option of paying in Bitcoin (BTC) or Ethereum (ETH) which gained attention among cryptocurrency enthusiasts. The upcoming HTC smartphone Exodus 1s, will have a similar option of paying in cryptocurrency, which will include Litecoin (LTC) and other cryptocurrency options. The HTC Exodus 1s will be far more affordable as compared to the original Exodus which currently retails on HTC's website for $842. Whereas, the budget version of the Exodus 1s will retail under $300.

The HTC Exodus 1s will be providing more support to decentralized browsing, messaging, and social media apps. But that’s not all, the 2nd gen blockchain smartphone will also be able to run a full bitcoin node.

In a statement, HTC's Chief Cryptocurrency Officer Phil Chen said "Running a node is maybe the most important part of the blockchain as it helps secure the network, every one of them acts as an authoritative verifier of every single transaction of the block.”

The phone’s main selling point is the built-in hardware and software features which allow users to manage their own private keys. The HTC Exodus 1s will support social key recovery, helping a user to distribute a security seed phrase among trusted contacts. Such a system will allow a user to recover the lost private keys from friends and family.

The HTC Exodus 1s smartphone represents a major step towards mainstream crypto adoption.

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