Recently at the Magical Crypto Conference in New York, Phil Chen, HTC’s decentralized chief officer, announced that HTC’s new smartphone will have a full Bitcoin Node. That way HTC users will store the entire Bitcoin’s blockchain on their phones.
EXODUS 1s is the name of the new blockchain phone and HTC plans to release it by the end of Q3. Phil Chen reveals that the phone itself will be a lot cheaper than others. Also, the new 1s will be based on the previous EXODUS 1, which was released in 2018. The price will retail for between $250 and $300. However, he did not disclose any specifications for the device.
A Full Bitcoin Node
This is probably the most promising feature of the new device as this might trigger various other advantages that the phone could offer. Phil Chen described this as “a really important piece of the pie” for the whole Bitcoin ecosystem. Also, he highlighted one of the community’s incentives by saying: “We think that’s foundational to the whole decentralized internet and just the whole fundamental premise. If you don’t own your keys, you don’t own your bitcoin, you don’t own your crypto.” We congratulate this position as this is what many large corporations should understand about crypto in general.
Speaking from the technological point of view about this phone, Phil Chen explained that HTC believes that the new devices will be powerful enough to carry the Bitcoin Node.
“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.”Phil Chen
That being said, the new HTC EXODUS 1s will be just a regular smartphone, just with an additional Bitcoin Node. It will be capable of storing music, videos, apps and dApps.
Other Blockchain Platforms
Chen explained that the Bitcoin Blockchain will be the primary goal for HTC, however, they are not ruling out other options. He explained that it could be “doable” to run Ethereum light nodes, but that all depends on the spec. Most importantly, he shared his belief that Bitcoin is the most important blockchain, and HTC wants to stand by and support what Bitcoin stands for.
“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.”
Great for mass adoption
This is a great step for mass adopting Bitcoin! First comes these Full Nodes, next we can send and confirm transactions between friends independently. After that, Lightening Network apps and payments, in general, will become much easier to use as the much-needed node will operate on the device itself. Not long after, this will be a