Andreas Townsend

3 weeks ago

The mass adoption of digital assets has been one of the main goals of the crypto space for this year, and there have been a lot of moves made in this direction.

Various achievements took the cryptosphere closer to this important goal, and the subject below is one of them.

HTC launched its new cryptophone

HTC launched its new cryptophone at the Berlin’s Lightning conference during the past weekend.

This new device includes a built-in hardware wallet that allows users to store, exchange, send, receive, buy, and sell major cryptos.

Unlike other blockchain smartphones that are on the market today, HTC said that its phone Exodus can hold all the transactions in the BTC blockchain and give millions of people the power of transacting BTC, sending and receiving the digital asset directly without the need of a bank, crypto exchange or other third parties.

Exodus 1s allows you to become your own bank

The company said that Exodus 1s manages to allow people to become their very own bank and enables BTC users to verify their own transactions anywhere with 4G or WiFi.

According to the explanations provided by the online publication the Daily Hodl, each one of the HTC Exodus 1s becomes a device aka node that is connected to the BTC network.

BTC becomes more decentralized

Nods can verify the transactions on the network and it’s also essential to mention that with more node BTC becomes more decentralized.

Greater decentralization and more nodes up and running means that BTC can become a more robust and secure global network.

It can get beyond the reach of hackers, organizations, and governments.

According to Phil Chen, decentralized chief officer at HTC:

“It plays a really important role in the whole Bitcoin ecosystem. It allows you to relay transactions, confirm transactions, validate transactions, and it’s basically one of the best ways for anybody to contribute to the whole security of the network.”

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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