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Ten years ago, consumer electronics manufacturer HTC made history when it released the HTC Dream, the first commercial device to use the Android operating system. A few months later, another monumental event took place, when Bitcoin creator Satoshi Nakamoto mined the BTC Genesis Block, birthing what Phil Chen – HTC's "chief decentralized officer" – coined a "quiet revolution."
Now, a decade later, HTC hopes to marry those two revolutions in the Exodus 1, the first "smartphone blockchain" produced by a mainstream electronics manufacturer. Wednesday at Slush 2018 in Helsinki during a presentation that featured an appearance from Litecoin creator Charlie Lee.
Crypto Can Rescue Users from Digital 'Feudal System'
Speaking at the event, Chen said that in an open internet, the first commercial smartphone to feature an open-source operating system, the Exodus will be an important first step to helping users reclaim their personal information and digital identities from the "tyranny" of technology.
"This whole movement has been hijacked," Chen said, arguing that the world's seven largest tech conglomerates had turned the digital world into a new "feudal system."
"This thing was open source became an all-in-one digital identity."
Chen said that, if it is made available to consumers through user-friendly devices, blockchain technology can change that by using their own private keys.
HTC Exodus 1: First Look
Today's HTC Exodus 1 demo comes less than a week after upstart smartphone manufacturer Sirin Labs – formally released the FINNEY, which is the world's first blockchain smartphone . "
From a visual standpoint, the Exodus is a first glance much sleeker than the FINNEY, though – unlike the Sirin Labs device – it does not appear to be a true cold storage wallet. Instead, the Exodus 1 private keys in a secure enclave called Zion, which isolates them from the remainder of the operating system. Wall-to-wall storage – whether custodial or non-custodial – where most mobile users currently store their cryptocurrency funds.
Both phones feature flagship specs, and can be pre-ordered with cryptocurrency, with estimated ship dates. During the presentation, Chen is formally announced that, in addition to bitcoin and ethereum, users can purchase the Exodus 1 with a fixed rate of just under 20 LTC.
Images from Slush 2018 / YouTube
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