Taiwanese electronics company HTC has announced a new version of its EXODUS 1 phone that aims to bring crypto and blockchain technology to an even wider audience.
The new phone, dubbed the EXODUS 1s and scheduled for release in Q3 2019, will reportedly be the very first smartphone to come with full node capabilities containing the full Bitcoin blockchain.
“With the EXODUS 1, we gave people the power to own their own keys, now we’re giving people the power to run their own node,” said Phil Chen, decentralized chief officer at HTC. “It’s about building technology for the free world.”
The Bitcoin blockchain on your phone
Chen didn’t reveal too many details about the upcoming smartphone yet, but intimated that it’s been in the works at HTC for quite some time. The company’s largest hurdle was developing a device that can not only act as a true full node but hold the entire Bitcoin blockchain itself as well.
While noting that this particular challenge has already been overcome, Chen described some of the difficulties that HTC faced while developing the EXODUS 1s.
“The full Bitcoin blockchain is around 200 GB [and] increasing at about 60 GB per year,” he said. “The full ledger can also be pruned down to approximately 10 GB.”
The EXODUS 1s can support the pruned version of the full ledger at all times, but using the full blockchain will require an additional SD card.
He also recommended that users who want to run a node do so only off of a stable Wi-Fi connection due to its large data requirements. Having a way to quickly recharge their phones is also recommended.
No Bitcoin mining yet
Chen clarified that the EXODUS 1s will not be able to mine for bitcoin by itself, but HTC has plans to partner with third-party companies that will offer hashrates.
“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,” said Chen.
“We first empowered the user by owning their own keys and now we’re focused on empowering the user to run their own node to help secure and grow the network.”
HTC will release additional details about the EXODUS 1s closer to the phone’s scheduled release window.