{"id":90417,"date":"2018-10-24T03:00:41","date_gmt":"2018-10-24T10:00:41","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=90417"},"modified":"2018-10-23T17:53:50","modified_gmt":"2018-10-24T00:53:50","slug":"htcs-new-exodus-1-phone-to-use-blockchain-tech-pre-order-with-cryptocurrency","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/htcs-new-exodus-1-phone-to-use-blockchain-tech-pre-order-with-cryptocurrency\/","title":{"rendered":"HTC&#8217;s New Exodus 1 Phone to Use Blockchain Tech, Pre-Order With Cryptocurrency"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">On Oct. 23 at the Web3 Summit event in Germany, HTC announced the launch of its Exodus 1 smartphone which will include the manufacturer\u2019s proprietary wallet called Zion, <a href=\"https:\/\/www.cnbc.com\/2018\/10\/23\/htc-launches-blockchain-phone-exodus-1-to-be-sold-in-cryptocurrency.html\"><span class=\"s2\">according to CNBC<\/span><\/a>.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Genesis Block. Exodus Phone. <\/p>\n<p>This is official early access release to the EXODUS 1. We are inviting a community of developers and enthusiasts to work with us to keep building security. Join us in rebuilding trust together, one phone at a time. Get your early access now! <a href=\"https:\/\/t.co\/sPcNc7wnzj\">pic.twitter.com\/sPcNc7wnzj<\/a><\/p>\n<p>&mdash; HTC EXODUS (@htcexodus) <a href=\"https:\/\/twitter.com\/htcexodus\/status\/1054656439443046400?ref_src=twsrc%5Etfw\">October 23, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>&#8216;Genesis Block. Exodus Phone.'<\/h2>\n<p class=\"p1\"><span class=\"s1\">HTC has reportedly been developing the phone since May 2018 with the goal of capitalizing on the growing crypto market by differentiating itself from its peers with blockchain integration. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">One of the phone\u2019s key features is that its Zion wallet allows the Exodus to function as a secure hardware wallet, running features that keep security operations separate from the rest of the Android operating system. HTC calls this secure enclave TrustZone and uses technology made by SoftBank. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">HTC Decentralized Chief Officer Phil Chen, the head of the Exodus project, describes Trust Zone as a \u201cmicro OS\u201d running beside Android, providing another layer of security for hackers to contend with should the phone become infected with malware. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The Exodus will also support <a href=\"https:\/\/medium.com\/@Doerkadrian\/the-htc-exodus-the-fusion-of-hard-and-software-to-fit-your-crypto-needs-8b9b994eeb31\"><span class=\"s2\">social key recovery<\/span><\/a>, which lets you distribute your security seed phrase of 12 to 24 words among a few trusted contacts. During setup, the phone discreetly sends bits and pieces of the seed to those contacts, and you can get that information from them to regain your data should you lose the phone. <\/span><\/p>\n<figure id=\"attachment_72514\" aria-describedby=\"caption-attachment-72514\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-72514\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/phone-race-social-300x158.jpg\" alt=\"The Race to the World\u2019s First Crypto Smartphone: HTC and Sirin Labs Go Head to Head\" width=\"300\" height=\"158\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/phone-race-social-300x158.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/phone-race-social-768x403.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/phone-race-social-1024x538.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/phone-race-social.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-72514\" class=\"wp-caption-text\">Related:\u00a0<a title=\"The Race to the World\u2019s First Crypto Smartphone: HTC and Sirin Labs Go Head to Head\" href=\"https:\/\/cryptoslate.com\/the-race-to-the-worlds-first-crypto-smartphone-htc-and-sirin-labs-go-head-to-head\/\">The Race to the World\u2019s First Crypto Smartphone: HTC and Sirin Labs Go Head to Head<\/a><\/figcaption><\/figure>\n<p class=\"p1\"><span class=\"s1\">Chen said in an interview with CNBC that Google\u2019s OS is \u201cfundamentally insecure\u201d due to its centralization, which led to the development of the TrustZone enclave. Chen said the aim of providing a secure hardware wallet function for the phone was to let users directly access their digital assets without interference from a third party like Google or Facebook:<\/span><\/p>\n<blockquote>\n<p class=\"p1\"><span class=\"s1\">\u201c\u2026the reason why you do a blockchain phone is &#8230; for everybody just to own their own keys. Everything starts there. When you start owning your own keys, then you can start owning your own digital identity, then you can start to own data.\u201d<\/span><\/p>\n<\/blockquote>\n<h2>Only Buyable With Crypto<\/h2>\n<p class=\"p1\"><span class=\"s1\">The Zion wallet will initially support Bitcoin, Litecoin, Ethereum, and a few other ERC20 tokens, and the developers have put out a call on Twitter to recruit help in developing tighter security. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The Exodus is available for pre-order now, but only in BTC or ETH. The price in cryptocurrency equates to around $960USD, and HTC will start shipping the phones in December. Chen said regarding the decision to only sell the phone for crypto: <\/span><\/p>\n<blockquote>\n<p class=\"p1\"><span class=\"s1\">&#8220;Selling it in crypto only and being the first to do so means we are bringing this directly to the core audience and those who will want this device \u2014 the blockchain community.\u201d<\/span><\/p>\n<\/blockquote>\n<p class=\"p1\"><span class=\"s1\">Many believe this is an effort by HTC to regain some of the ground it\u2019s lost in the mobile phone market to the likes of Apple, Google, and Huawei. Recent layoffs and a deal with Google to sell the rights to their intellectual property, as well as a VR tech launch in partnership with Steam, mark HTC\u2019s desire to branch out into other areas of tech as well as scale back its workforce. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Chen told CNBC that blockchain would become a major part of HTC\u2019s cell phone strategy moving forward, and reflects the company\u2019s \u201cincreased focus on software and IP.\u201d <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Oct. 23 at the Web3 Summit event in Germany, HTC announced the launch of its Exodus 1 smartphone which will include the manufacturer\u2019s proprietary wallet called Zion, according to CNBC. Genesis Block. Exodus Phone. This is official early access release to the EXODUS 1. We are inviting a community of developers and enthusiasts to [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,37],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HTC&#039;s New Exodus 1 Phone to Use Blockchain Tech, Pre-Order With Cryptocurrency<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/htcs-new-exodus-1-phone-to-use-blockchain-tech-pre-order-with-cryptocurrency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HTC&#039;s New Exodus 1 Phone to Use Blockchain Tech, Pre-Order With Cryptocurrency\" \/>\n<meta property=\"og:description\" content=\"On Oct. 23 at the Web3 Summit event in Germany, HTC announced the launch of its Exodus 1 smartphone which will include the manufacturer\u2019s proprietary wallet called Zion, according to CNBC. 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