HTC Exodus to support Litecoin and Lightning network

HTC Exodus to support Litecoin and Lightning network

Taiwan-based Electronics giant HTC had earlier announced that it will be creating the world’s first crypto phone with a native blockchain network called Exodus. There were reports that the electronics firm would include support for Ethereum (ETC) and Bitcoin (BTC) networks.

Now, Charlie Lee, Litecoin Founder, has made it official that the smartphone will also support Litecoin (LTC) and Lightning Network. He announced officially through his Twitter page as follows:

Earlier it was said that the smartphone with a native blockchain network will be for cryptocurrency trading between users. But on July 10, the firm stated that it might introduce a smartphone containing a cryptocurrency wallet and Ethereum-based decentralized application (DApp) game called as CryptoKitties. Dapps are applications that run across multiple nodes on peer-to-peer (P2P) networks.

The website of HTC Exodus talks of two decades of experience in manufacturing “world’s leading smartphones, and shipping over 100 million phones.” The website adds, “We can help reshape the internet with the HTC Exodus.” When the plan was first revealed in May, Phil Chen, the creator of HTC Vive and HTC’s head of business and corporate development said that the product allows customers to “truly own their data  without the need for central authorities.”

As it seems, HTC may win the race to become the industry’s first to offer a blockchain smartphone. Not just HTC, Swiss-based Sirin Labs announced its own $1,000 smartphone and $800 all-in-one PC with native blockchain capabilities last October. However, as per reports, it scheduled the release for this year September.

According to reports, HTC will allow mining on the phone and the processing power it is putting behind that function is minimal compared to mining rigs that use ASICs and graphics cards to handle thousands of operations per second.

In an interview during the RISE conference in Hong Kong this week, Phil Chen, the chief crypto officer at HTC revealed that HTC’s blockchain phone has already received “tens of thousands” of reservations globally.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.