Editor's Picks News

HTC plans to release a second-generation smartphone Blockchain in 2019

Taiwan consumer electronics giant HTC has announced plans to launch a second-generation blockchain-based smartphone model by the end of 2019. This news was announced in the report of the English-speaking Asian news source Digitimes on April 29.

According to the main decentralized employee of HTC Phil Chen, the development is aimed at increasing sales of smartphones and expanding the company's blockchain ecosystem.

As previously reported, for the first time, HTC unveiled plans for its blockchain-oriented smartphone, called Exodus, in the spring of 2018, launching the product at the end of that year.

Chen said that Exodus’s first-generation phone sales met the company's expectations, noting that in addition to Bitcoin (BTC) and Ethereum (ETH) users, new start-ups in the field of crypto trading significantly stimulated the demand for this product.

The second generation phone model is said to spread the supported blockchain applications to areas such as browsing, messaging and social networks. This will be in addition to the existing phone support cryptocurrency and transaction management, along with personalized electronic wallets.

These new block communication applications will be based on peer-to-peer connections, rather than routed through cloud or mainframe motherboards, like in the previous generation phone, Chen added.

Chen referred to the main successes of centralized consumer applications, such as the Uber taxi service application and the Airbnb home reservation site, as creating a bar for the emerging blockchain sector and decentralized technologies.

As previously reported, Phil Chen recently led a $ 50 million blockchain-oriented venture capital fund, Proof of Capital. The fund has partnerships with HTC to enable portfolio firms to work with the company and directly develop services or products for Exodus and other promising HTC initiatives on the blockchain.

Related posts

Thailand's leading cryptocurrency exchange quits industry

alfonso

Considering Central Bank Digital Currency Says Bank of England Governor

ibrahim

The Ministry of Finance of the Russian Federation requires to document the purchase price of the cryptocurrency

alfonso