The HTC Exodus 1S, the first real “Cryptophone”? – Bitcoin – News 2020

Taiwanese terminal maker HTC has announced the international launch of Exodus 1S, the first smartphone blockchain capable of hosting a full Bitcoin (BTC) node.

The device also comes with a native wallet capable of storing a multitude of crypto (essential Litecoin (LTC), Stellar (XLM) or Bitcoin Cash (BCH), with multiple Ethereum ERC-20 and ERC-721 tokens) .

The icing on the hashrate: Its price of $ 250 which allows as many people as possible to operate a full Bitcoin node, guarantee its security and anonymity, while mechanically strengthening the network.

HTC EXODUS S1, the first real “Blockchain-Phone”?

It’s during the Lightning Network Conference from Berlin this weekend, that the Taiwanese supplier Htc, announced the launch, specifications and pricing of a device on which the brand has high hopes.

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Call? To do what !

Let those who knew the Paleolithic era where a phone simply allowed… to phone, painfully raise a hand already almost affected by arthritis!

Indeed, if the machine will easily accomplish its original mission of connecting human beings from a distance and allow you to indulge in the art of selfie in HDR, it’s good for its unique blockchain capabilities and its inclusion in the emerging crypto-economy that the HTC Exodus S1 will receive our full attention today.

Judge instead: For the first time, a “simple” smartphone will be able to operate a full node of the Bitcoin network ! Add to that a native wallet (Zion Vault crypto wallet) and the possibility of acquiring the creature using the main crypto on the market (Bitcoin, Ethereum, Litecoin, Binance Coin (BNB) or Bitcoin Cash), don’t throw it anymore! The Exodus perhaps embodies one of the first material embodiments that the industry is eagerly awaiting.

HTC Exodus, the beginning of a line?

The Exodus S1 does not really come out of thin air. HTC had already caused a sensation by launching the Exodus first of the name mid-2018.

However, in addition to the high price of this first device (between $ 900 and $ 1,000, putting it in competition with the high-end from Apple and Samsung), the terminal simply acted as luxury wallet, with limited but interesting options (swap tokens between them, social options for recovering private keys…).

But why embark with yourself, a complete Bitcoin node? According to Phil Chen, director at HTC, the answer is obvious:

“Full nodes are the most important ingredient in the resilience of the Bitcoin network. We wanted to lower the barrier to entry for anyone wishing to exploit a node ” Phil Chen

All right, everything Bitcoin maximalist who respects himself will welcome this noble position. But what interest in all this for a phone seller? Easy : be a pioneer and leader in the imminent huge market of “cryptophones”!

“Director of Decentralization”, the new CTO

Phil Chen is kind of the “Mr. Decentralization” of HTC and its ambition is very simple: HTC is a big manufacturer of smartphone who was literally vampirized by Google in 2017 when the Californian giant bought an entire HTC team to work on its own device Pixel. Since then, the Taiwanese brand has had some difficulty finding its place in the industry, its products having an unfortunate tendency to come out in relative indifference.

Phil is convinced of this: the future of crypto will go through smartphones (and reciprocally) :

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“Originally seen as a gadget by some, crypto technology is the next frontier of smartphone innovation. We provide the tools for access to universal basic finance; the tools to metaphorically have a Swiss bank in your pocket. “

So even as the smartphone industry is experiencing a marked slowdownbrands starting to test the limits of the “always more” scheme (power, pixels, cameras, etc.) – it is the advantages and innovations carried by the blockchain that represent, according to the interested party, the future store of value for the sector:

“For the smartphone industry to grow again, we need more adoption of cryptophones. “

What is a Bitcoin node for?

Let’s quickly recall that on blockchain networks in general, and that of Bitcoin in particular, the function of the nodes (” Node“) Is nothing less than essential. There are several types of nodes on the Bitcoin network. In this case, a “Complete Node” such as that which will be hosted by a terminal HTC Exodus S1 will perform the following functions:

  • downloading of all transactions and all blocks of the BTC blockchain (1 every 10 minutes approximately),
  • checking the validity of transactions with the rules of consensus Bitcoin (double spending impossible, 12.5 BTC per block until next halving, conformity of the cryptographic signature…)

Note, in order to remove any ambiguity, that operating a full node on your HTC smartphone will not mine Bitcoin! (function dedicated to Mining Nodes associated with minors, whether solo or in a pool).

10 years of blockchain in your pocket

Operating a full node of the Bitcoin network is nothing less than having the‘Entire distributed register of the queen of cryptocurrencies in the palm of your hand, of genesis block from January 3, 2009, to the most recent, a few minutes ago.

All of these 10 years of transactions are thus stored inside the terminal. The concern is that you have to agree that everything is starting to weigh down: around 250 GB at the time of this writing.

Well aware of this problem, HTC has indicated that the storage of this bulky history will be possible through 400 GB card storage capacity (not supplied with the smartphone on the way). The weight of the Bitcoin blockchain increasing by about 60 GB per year, operators will have 30 months before them before they start having to choose between offending to Nakamoto’s work or delete the HD videos of the last vacation at beautiful mom’s.

Value, security and confidentiality

Beyond ” advantages “Concrete, there is an almost philosophical scope and in all cases of the order of idealism to operate a complete Bitcoin node: exercise with responsibility an essential role for the solidity and the resilience of the network.

Indeed, even if there are currently around 100,000 knots (and not 10,000 as commonly considered, as reported by the media Bitcoinist), security and resistance to network attacks will increase as the number increases. Furthermore, the greater the number of nodes, the more the magic of the distribution and some decentralization operates, further materializing the original vision of its creator.

The proliferation of Bitcoin nodes will strengthen the network. It will be even more solid and secure. Bitcoin will be more and more credible and will see its value increase.

So, very directly, to operate a Complete Node is to work personally for the valuation of Bitcoin, both from a societal point of view, but also monetary.

Furthermore, from the point of view of transaction securitys, having a full copy of the blockchain ensures that you do not have to trust your third party, since the node operator sees transactions executed on his terminal live. Finally, as far as anonymity is concerned, it will be mechanically reinforced, the operator being able to browse its own copy of the blockchain as it pleases, without letting your IP hang out in unknown places.

Offered at a surprisingly affordable price of $ 250, the HTC Exodus S1 could represent the first specimen of a new species at the crossroads of intelligent communication technologies and blockchain innovations. If for the moment, only the Bitcoin blockchain is concerned, HTC has already announced that the future will potentially operate full nodes of other emblematic cryptoactive.

The HTC Exodus 1S, the first real “Cryptophone”? – Bitcoin – News 2020
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