HTC to Establish EXODUS 1s, Smartphone With Complete Node Capacity

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HTC to Launch EXODUS 1s, Smartphone With Complete Node Capacity

“Running a node is perhaps the most significant part the blockchain as it helps protect the community; every one of them acts as the authoritative verifier of every single trade of the block,” said Chen. “We first empowered the user by possessing their own keys and now we are focused on empowering the user to run their own node to help secure and grow the community.”
Without going into specifics, Chen added that he’s been working on the job”for a while” and the most significant barrier was”creating a system that could work as a real full node and hold the entire Bitcoin blockchain on the device.” He believes that this target has now been fulfilled.

Chen described a number of the phone’s technical challenges.

“The complete Bitcoin blockchain is approximately 200 GB [and] increasing at roughly 60 GB per year,” he said. “The complete ledger may likewise be glued to approximately 10 GB.”

The telephone can encourage the version however, using the blockchain will require an SD card. It is advisable that a node only runs from a stable Wi-Fi link on account of the data requirements and also have a means to recharge the telephone on hand.
Ideally, the existence of nodes similar to this will raise blockchain app operation. According to the press release, added details will be available nearer to the product release.

“Together with the EXODUS 1we gave individuals the ability to own their own secrets, now we are giving individuals the ability to run their own node,” Phil Chen, decentralized chief officer in HTC, told Bitcoin Magazine. “It’s about building technology to the free world”

Chen promised that”the telephone won’t have the ability to mine to get bitcoin itself, but we have upcoming partners to declare that will provide hashrates.” The Bitcoin ecosystem depends on both mining task and the operation of nodes, but Chen observed that mining is far more strongly incentivized. Ideally, the means of running nodes similar to this with a low price of entry can help enhance the system.