The phone of HTC’s Blockkin, the EXODUS 1, allows users to exchange directly between some cryptocurrencies cards inside a local wallet, the Taiwanese electronics giant announced on Tuesday.
The new feature comes thanks to a new partnership that sees HTC add the liquidity protocol from a distributed start-up cybercrime to its scorecard score application.
The addition means that users can switch between ERC-20 tokens such as BRAV’s basic token token (BAV) and MakerDAO’s DCI, directly to Vault, eliminating the need to transfer previous tokens to third-party cryptocurrency exchanges. Swaps are made entirely on the network, HTC said, adding that “fast and secure” Crypto-to-crypto trading within mobile applications is key to optimize the user experience.
Phil Chen, senior vice president of HTC, told Windseck:
“The ability to replace the ERC-20 tokens on a network in Vault without relying on third-party exchanges is another step in empowering the user and increasing security and privacy, which is at the center of the Exodus mission.”
Loeb Luo, chief executive of Kyber, told CoinDesk in September that the company aims to open up more than 20 chips to wider use portfolios so that they can be used “independently of payments, as collateral for loans, investment in funds, etc.” ERC- 20 is a widely used ethereum standard to build crypto tokens.
In today’s announcement, HTC said that the protocol of the Fiber Exchange allows distributed tokens to be integrated into any application, including purses, vendors, websites and distributed applications (dapps).
HTC is further planning to launch another phone blockchain this year, Chen discovered at the end of April. Last week, he discovered new details indicating that the upcoming EXODUS 1 would be a low-cost option, and especially be able to operate as a full node for a bitcoin network.
“We think this is the basis for all the distributed Internet and only the basic premise,” he said. “If you do not own your keys, you do not own your bitcoin, you do not own your own encryption.”
Chen said that while the BlackBerry bitcoin will be large for storage on a mobile phone, as it takes for nodes, is “expecting” HTC will provide enough memory, explaining:
Imagine the iPod with 256 gigs … Of course the music fan wants to keep all the music library, but the Crypto fan wants to keep all the bitcoin blockchain. “
EXODUS 1 is expected to retail between $ 250 and $ 300.