Whats Up With the HTC Blockchain Phone?

HTC is releasing blockchain version of HTC’s U12+ flagship, featuring a 6-inch QuadHD+ display with 18:9 aspect ratio, Snapdragon 845 chip, 6GB of RAM, 128GB of storage, 16-megapixel dual camera, 8-megapixel dual selfie camera, IP68 rating, 3,500 mAh battery, and Android Oreo. It has all the specs, pretty standard. What is interesting, and what Id like to take a deeper look into the is the blockchain tech HTC is packing in to its new HTC blockchain phone.

What is Blockchain?

For those of you that are unfamiliar, blockchain is an is an undeniably ingenious invention. Blockchain is allowing digital information to be distributed but not copied. Blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, (Buy Bitcoin) the tech community is now finding other potential uses for the technology. Information held on a blockchain exists as a shared — and continually reconciled — database. This is a way of using the network that has obvious benefits. The blockchain database isn’t stored in any single location, meaning the records it keeps are truly public and easily verifiable. No centralized version of this information exists for a hacker to corrupt. Hosted by millions of computers simultaneously, its data is accessible to anyone on the internet.

HTC BlockChain

AS for the blockchain tech in the phone The phone contains a wallet that’s kept in a secure area “protected from the Android OS,” according to a press release, which can be used to hold the keys to your cryptocurrency and tokens like CryptoKitties. HTC also made a social key recovery mechanism in case your phone is lost, stolen, or you misplace your key information. You’re able to keep the recovery details with a few trustworthy friends, who must then download a key management app. HTC will then use a secret sharing algorithm to send the info to your friends, which you can then piece together if needed. The phone is also being opened up for third-party developers to make their own key apps and wallets.

HTC says one of the purposes of a HTC blockchain phone is to allow users to control their data. But as long as this is an Android phone, some of that data still flows to Google.

The Final Thought

Another interesting development is that this phone can only be purchased with crypto currency. Being a blockchain phone, the Exodus 1 can be purchased only for crypto. 0.15 Bitcoin or 4.78 Ethereum will get you a phone. That’s $958 and $950, respectively, but the prices will change by the time I finished typing these words. That’s how crypto works. The HTC Blockchain phone can be purchased via the early access program.It  will be available in 34 countries including the US.