Sci-tech

HTC Users Can Run Full Bitcoin Node on New $300 Smartphone

HTC Users Can Run Full Bitcoin Node on New $300 Smartphone

For a start, Key is a new feature that transforms the phone into the node blockchain node we mentioned earlier.

Phil Chen, Chief Content Officer at HTC revealed the news at the Magical Crypto Conference in NY. After selling its first crypto-oriented phone, HTC announced that the second edition of this device will have new features, including a full BTC node. Instead, your full Bitcoin node makes you an important part of the blockchain for verifying transactions, as you can still use regular crypto wallet software on the HTC Exodus 1s. "Imagine the iPod with 256 gigs ... of course the music fan wants to keep the whole music library but the crypto fan wants to keep the whole bitcoin blockchain", Chen said. Full nodes are the most important ingredient in the resilience of the Bitcoin network and we have lowered the barrier to entry for any person to run a node.

The company has announced a new blockchain phone called the Exodus 1s. "We gave users the ability to own their own keys, and now we've gone one step further to allow users to run their own full node", HTC Chief Decentralized Officer Phil Chen (陳信生) said in a statement at the unveiling of the phone. As of today, there are around 9 000 active bitcoin full nodes around the world. Full nodes are now the most private way to use BTC as well as the most secure as they do not suffer from many attacks that affect lightweight wallets.

Chen said: "The 1s is going to be a lot cheaper, it will be more accessible".

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How will the HTC phone deal with such an amount of data without impacting data storage and transmission speed?
Once HTC launches the 1s, Chen expects the team to apply the experience from supporting a bitcoin node to other networks.

HTC will release the HTC Exodus 1S towards the "the end of Q3 within the price range of $250 to $300".

"I see bitcoin as one of the most important if not the most important blockchains". However, it would appear that the HTC Exodus 1 actually beat the odds and performed rather well. A device that acts as a Bitcoin node has to keep the entire blockchain history, which means that the device has to store around 200GB worth of data.