Mobile phones have long passed the line of gadgets allowing you to make phone calls and surf the net. The latest in the line of awesome phones come from HTC under the name of Exodus 1s. What makes it great is the capacity to hold entire Bitcoin ledger. New HTC Exodus is running a full Bitcoin node and we are presenting it today.
Exodus 1S Overview
There is no doubt that HTC Exodus 1s is something new. If you are just a regular person like me, you may be wondering what running a full Bitcoin node actually means?
First of all, it does not mean that you would be able to mine Bitcoins. This phone would use an SD card that inserts into the phone and can hold the entire bitcoin ledger of transactions. The SD card does not come with the phone and the user would need to buy it separately. In order to grasp the benefits of running a full node on your phone, you would need to understand the idea behind the project.
The idea was to provide for extra layer of privacy and control. This feature should enable holding the records of all bitcoin transactions on your phone. What is it good for? It enhances decentralization of the network and minimizes the possibility of hacking.
It takes a lot of storage, though. The estimated 260 GB has the tendency to spread each year. This is one of the reasons why most users rely on wallets that only download part of the information relating to validation, while the rest is held by third party websites. HTC Exodus 1s features its own wallet application, Zion Vault.
Pros and Cons
As stated previously, the feature of running a full Bitcoin node has several benefits. In its essence, it should contribute to the safety of the entire network.
When using a phone with this feature, you are basically excluding third party web sites from the picture. Privacy enhances as well, as the phone user is the only person having access to blockchain.
This phone supports Bitcoin, Ethereum, Litecoin and Binance Coin. However, it can run a full node on Bitcoin only.
Big plus is the price of app. $250 which is far less than the users had to pay for the previous version of HTC Exodus 1.
Downsides include the storage needed to accommodate the data.
HTC Exodus 1s will first be placed in the markets of Europe and UAE.
Do you think that security on digital gadgets has reached its peak?