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The HTC Electronics has announced the launch of a smartphone to integrate cryptography and blockchain technology to a wider audience in the third quarter of 2019.
According to a press release shared with Bitcoin Magazine, "EXODUS 1 will be the first smartphone to have full node capabilities" containing the complete Bitcoin blockchain.
"With EXODUS 1, we gave people the power to own their own keys. We now give them the power to manage their own knot, "said Phil Chen, HTC's decentralized chief officer. Bitcoin Magazine. "This is construction technology for the free world."
Without going into details, Chen added that he had been working on the project "for some time" and that the biggest obstacle was "developing a device capable of functioning as a real complete node and containing the entire blockchain". Bitcoin on the device ". believes that this goal has now been achieved.
Chen also described some of the technical problems of the phone.
"The complete Bitcoin blockchain is about 200 GB. [and] increasing by about 60 GB per year, "he said. "The general ledger can also be reduced to around 10 GB."
The phone can support the pruned version at any time, but the use of the full blockchain requires an additional SD card. In addition, it is recommended that users only run a node over a stable Wi-Fi connection because of the high data requirements and have a way to charge the phone in hand.
Chen claimed that "the phone will not be able to exploit Bitcoin itself, but we have coming partners who will announce that we will offer hashrates". more strongly incited. Ideally, the means to run such nodes with a low input cost will help to energize the entire system.
"Running a node is perhaps the most important part of the blockchain because it contributes to network security." each of them acts as the authoritative verifier for each block transaction, "Chen said. "We first empowered the user by owning his own keys, and we are now focusing on the power of the user to manage his own node to secure and grow the network."
Ideally, the presence of nodes like this will also increase the operation of the Blockchain application. According to the press release, additional technical details will be available closer to the commercial version of the product.
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