Back in May, HTC announced a new smartphone designed specifically for cryptocurrency enthusiasts. Dubbed HTC Exodus 1, the device was said to feature a special digital wallet capable of handling transactions with Bitcoin, Ethereum, and other major cryptocurrencies. The other main selling point, for some at least, was that customers would only be able to purchase the phone with digital currencies. Today HTC gave cryptocurrency users even more reasons to consider the smartphone when it announced its high-end specs. In addition, it looks like the HTC Exodus 1 will also offer another interesting feature known as Social Key Recovery.
New and Exciting Security Features
According to HTC, a portion of the Exodus will be dedicated exclusively to securing sensitive data. The goal here is to have a safe space that’s being kept separate from the operating system. This space will contain not only important user information but also the cryptocurrency wallet. The HTC Exodus 1 digital wallet is known as Zion and holds private keys that are used to gain access to any cryptocurrency the user may have. The keys are unique and should ideally only be known by the phone’s owner. In case the owner loses the keys, the HTC Exodus 1 has a secondary security feature in place.
The Social Key Recovery was just announced today and is pretty much exactly what it sounds like. This feature allows users to share their private keys with someone they trust to act as a backup. However, doing so will grant other people access to the wallet. So it’s probably a good idea to only share the keys with trustworthy people. The HTC Exodus 1 has an app that makes the sharing process easier. The downside is that everybody else with access to the keys must also install the app. That could be a bit of a hassle so, again, sharing keys with trustworthy people is crucial.
Specs and Price
The HTC Exodus 1 comes equipped with a 6-inch HD+ screen, dual 8MP front-facing cameras, and a 16MP +12 MP camera combo on the back. A quick look under the hood reveals a powerful Qualcomm Snapdragon 845 CPU, 6 gigs of DDR4 RAM, and 128 GB of storage. The HTC Exodus 1 also features a 3,500 mAh battery, 4K video recording capabilities, and a water resistance rating of IP68. The handset runs on Android Oreo and is expected to hit the shelves starting this December.
As promised when it was first announced, the HTC Exodus 1 can be purchased only with cryptocurrency. Starting today, the device can already be pre-ordered for 0.15 BTC or 4.78 ETH. That’s around $960 at current exchange rates but that could change any minute. Cryptocurrency prices fluctuate constantly so it’s difficult to say how much the HTC Exodus 1 will cost in December. Last year around that time the value of Bitcoin grew tremendously but just a couple of months ago we saw a huge drop for most cryptocurrencies. As with everything related to cryptocurrencies, buying this phone seems like a bit of a gamble.
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