The famous Taiwanese electronics manufacturer HTC has recently launched the HTC blockchain phone named the Exodus 1, which allows users to support the Bitcoin network. The manufacturer unveiled the device on Saturday at the lighting Conference in Berlin, where the company claimed the new product and said that it is the first smartphone to be able to run a full Bitcoin node.
The HTC blockchain phone can also propagate transactions and blocks anywhere. As Phil Chen who is the chief decentralized officer at HTC said in a statement:
“Full nodes are the most important ingredient in the resilience of the Bitcoin network and we have lowered the barrier to entry for any person to run a node.”
The new smartphone will arrive to the market at a price of €219 ($244), which is right now about a third of the cost of its predecessor, the Exodus 1. The manufacturer (HTC) will sell the new version at the Berlin conference using the Lighting payment network.
The HTC blockchain phone was in the cryptocurrency news before this for its impressive features. As per the details, the device allows users to install a 400+ GB SD card and expand its memory, allowing it to cope with the increasing data capacity that is required to store the full Bitcoin ledger. The current size of this ledger is right now around 250 GB, according to Blockchain.
The company also recommended users to connect to WiFi and plug into a power source while running the full node, though it can also be used on the go. As described by users, the HTC blockchain phone is “great” because it has a built-in hardware wallet to help each user store cryptocurrency. By default, it comes with a 4 GB of RAM and 63 GB of storage – running on Android Oreo 8.1.
“We are providing the tools for access to universal basic finance; the tools to have a metaphorical Swiss bank in your pocket,” Chen said.
The HTC blockchain phone the Exodus 1 will be available in 27 countries all around Europe and the Middle East, including Germany, Greece, Saudi Arabia and UAE. It is currently not planned for sale in the US.
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“There are two reasons: first, from China and its neighboring countries experiences, coronavirus can be obtained and taken under control in about 2 months. Secondly, countries around the world are adopting great quantitative easing monetary policies.”We also have Tyler Winklevoss, the co-founder of the Gemini cryptocurrency exchange who said on Twitter that Bitcoin is “only vaccine in the world that can give you immunity to the money printing disease.” It is a good thing to see that blockchain jobs are on the rise. As we previously reported, these positions are among the most in-demand hard skill in 2020, along with cloud computing, analytical reasoning as well as artificial intelligence (AI).
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“Financial institutions require clean and transparent data to make decisions. These same requirements exist for Bitcoin and other crypto assets that have emerged over the last decade. It’s become clear that Coin Metrics is the premier destination for network and market data.”What's also worth noting is the fact that the analytics firm Coin Metrics is known for their regular State of Networks report. In these reports, the company highlights the transfer values, volumes and other technical data surrounding cryptocurrencies. In the latest report on March 23, Coin Metrics highlighted how the transfer value of stablecoins had reached an all-time high of $444 million after the recent Bitcoin crash. The company is known for reports like these and has been featured plenty of times on our cryptocurrency news website. Speaking of markets, today we can see another positive morning with minimal gains for the Bitcoin and altcoin markets. While BTC is still below $6,700, ETH is pushing towards the $140 level and XRP gained 6% overnight, climbing to $0.17. The total cryptocurrency market cap is now at $186 billion.
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“Compliance is the key factor for establishing trust in cryptocurrency exchanges. By adopting a case-by-case approach to evaluating P2P venues, we are helping to broaden trust and transparency across the cryptocurrency ecosystem.”Paxful which is a global Bitcoin marketplace uses the Chainalysis know your transaction protocol to monitor all crypto transactions in real-time and Chainalysis reactor to create investigations when it detects more activity that is dubbed suspicious. These tools will enhance the compliance of Paxful and will create a new set of compliance benchmark standards for P2P crypto exchanges around the world. According to Chainalysis, Chief Revenue Officer Jason Bonds commented:
“Paxful transformed the way that we think about P2P exchanges. Their compliance standards, complete with real-time transaction monitoring, set a new bar for P2P exchanges globally.”By working with Chainalysis, Paxful is well-equipped to create new controls for customer protection including blocking the transactions to high-risk addresses that are connected to terrorist financing and dark web platforms but also stolen credit card platforms. If Paxful continues to complete more risk assessments in the future, the capabilities of the platform will only expand. By leveraging Chainalysis KYT, crypto businesses such as Paxful can monitor bigger volumes of crypto activity and identify high-risk transactions in the future. The real-time alerts on high-risk activity will allow the compliance teams to focus on the most important activities and will better allocate the resources to enforce compliance policies and fulfill the regulatory obligations to report suspicious activity.
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