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		</div><p>HTC has launched its first blockchain phone, the Exodus 1, which the smartphone maker says has been built for the “modern user and the new internet age”.</p>
<p>The Exodus 1 has been rolled out initially for an early access period, currently only available to users who pay in cryptocurrency – either Bitcoin or Ethereum. The Taiwanese firm said it expects to start shipping the device in December.</p>
<figure id="attachment_119455" aria-describedby="caption-attachment-119455" style="width: 349px" class="wp-caption aligncenter"><a href="https://londonglossy.com/wp-content/uploads/2018/10/6A5D3578-A2D8-4E7F-84B8-A70C8EEB1213.png"><img src="https://londonglossy.com/wp-content/uploads/2018/10/6A5D3578-A2D8-4E7F-84B8-A70C8EEB1213.png" alt="" width="349" height="757" class="size-full wp-image-119455" /></a><figcaption id="caption-attachment-119455" class="wp-caption-text">The phone has been built for ‘the new internet age’ (HTC)</figcaption></figure>
<p>The phone has many of the features found on regular flagship smartphones, including dual rear cameras and a six-inch Quad HD+ display, but also houses what HTC calls a secure enclave, which is used to hold keys to cryptocurrency.</p>
<p>The feature stores the information securely within the device, never sending it to a central location at any point, which HTC says ensures users maintain full custody at all times. It also includes a social key recovery system, which helps users get their data back should the phone be lost or stolen.</p>
<p>It allows users to pick some trustworthy contacts, each of which much then download a key management app.</p>
<blockquote><p>For digital assets and decentralised apps to reach their potential, we believe mobile will need to be the main point of distribution</p></blockquote>
<p>A special algorithm then splits a recovery key among the contacts so if need be it can be gathered and used to restore access to funds.HTC’s Phil Chen said:</p>
<p>“It’s been both 10 years since the launch of the first Android phone by HTC and nearly 10 years since the launch of Bitcoin and the Genesis Block. Exodus 1 is a foundational element of the crypto internet.</p>
<p>“For digital assets and decentralised apps to reach their potential, we believe mobile will need to be the main point of distribution.<br />
“We look forward to partnering with developers in the blockchain community to usher in this vision.”</p>
<p>Those wishing to buy the new phone have to use crypto in do so, with the price set at either 0.15 Bitcoin or 4.78 Ethereum, which is currently just over £730.</p>
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