dailyhodl.com
Taiwanese smartphone and electronic tablets manufacturer HTC is developing a blockchain-powered smartphone, the Exodus, that will support Litecoin.
The company’s new smartphone will support Litecoin (LTC) transactions, according to HTC’s management. The multinational firm previously announced that the Exodus will allow users to make Bitcoin (BTC) payments.
As Litecoin creator Charlie Lee confirms, HTC’s latest smartphone will also support LTC via the second-layer payment solution, Lightning Network (LN).
HTC is planning to launch the new crypto smartphone during the third quarter of this year, according to a report by Finance Magnates. The firm’s head of business and corporate development, Phil Chen. notes that the Exodus will be priced at around $1,000, which is comparable to SIRIN Labs’ blockchain-based phone, Finney, which was introduced last year.
The Exodus smartphone will serve as a node on a blockchain developed by HTC. User data will be updated and kept securely on the blockchain and the device simultaneously. All Exodus mobile phones will allow users to store their cryptocurrency in a built-in cold wallet.
Following HTC’s recent partnership with the developers of CryptoKitties, a highly popular collectibles game built on the Ethereum network, the Exodus will allow users to play the blockchain-based game.
Lee, a computer science graduate from the Massachusetts Institute of Technology, has signed on as an advisor for the ongoing development of HTC’s Exodus smartphone.
One small step for @SatoshiLite. One giant leap for blockchain.
Team @HTCExodus, @philchen913 @htc are honored to have Charlie Lee to join as our advisor.
cc @litecoin @LTCFoundation @LitecoinProject #LetMyDataGo https://t.co/JWGI4b8yH0
— HTC EXODUS (@htcexodus) July 30, 2018
In May 2019, HTC revealed that its blockchain-enabled Exodus 1 smartphone would let users directly swap certain cryptocurrencies through its native wallet. The swap feature, which is based on a liquidity protocol developed by the Kyber Network, was added to the phone’s Zion Vault wallet app.
The swap functionality allows users to exchange ERC-20 compliant tokens such as Brave’s Basic Attention Token (BAT) and the Dai stablecoin through the Zion Vault. The feature allows users to avoid time and trading fees that they would typically pay to a centralized exchange in order to swap tokens.