The HTC Exodus 1 Ensures a User's Crypto Fortune is Safe and Secure
Justin Lam — October 23, 2018 — Tech
The HTC Exodus 1 is the company's first blockchain phone and can only be purchased with Bitcoin or Ethereum. According to HTC, this new smartphone features full blockchain encryption and is dedicated to security and decentralized applications. The HTC Exodus 1 also functions as its own blockchain node.
This focus on the blockchain allows the HTC Exodus 1 to be an incredibly secure place to store the keys to any cryptocurrency vault. Known as the "secure enclave" by HTC, these keys are protected separately from the rest of the phone and its Android OS. The phone also features a Social Key Recovery mechanism, which allows users to pick a few trustworthy contacts to hold a portion of a user's crypto keys.
Image Credit: HTC
This focus on the blockchain allows the HTC Exodus 1 to be an incredibly secure place to store the keys to any cryptocurrency vault. Known as the "secure enclave" by HTC, these keys are protected separately from the rest of the phone and its Android OS. The phone also features a Social Key Recovery mechanism, which allows users to pick a few trustworthy contacts to hold a portion of a user's crypto keys.
Image Credit: HTC
Trend Themes
1. Blockchain Phones - The emergence of blockchain phones presents opportunities for secure and decentralized communication.
2. Blockchain Encryption - The development of blockchain encryption ensures increased security for storing cryptocurrency keys.
3. Social Key Recovery - The adoption of Social Key Recovery mechanisms allows for added protection and accessibility of crypto keys.
Industry Implications
1. Mobile Technology - The mobile technology industry can explore the potential of blockchain phones to offer secure communication and storage solutions.
2. Cryptocurrency - The cryptocurrency industry can benefit from the development of blockchain encryption to enhance the security and trustworthiness of digital transactions.
3. Cybersecurity - The cybersecurity industry can leverage Social Key Recovery mechanisms to develop innovative solutions for protecting and recovering crypto keys.
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