Never miss a story

Get subscribed to our newsletter


×
HTC's contract manufacturing operations and VR division were reportedly not affected, Pixabay

Taiwanese tech giant HTC is reportedly working on a new Android phone named “Exodus” that will be powered by blockchain technology.

“The upcoming phone will come with a “universal wallet” and a built-in secure hardware system to support cryptocurrencies and decentralised applications,” TheNextWeb reported late on Tuesday.


Blockchain smartphones are claimed to offer better security and user experience by integrating “cold wallet” storage right into the device and enabling direct trading of the native cryptocurrency with peers on the phone’s network, without mining fees.


Representational image.

“The company plans to create a blockchain network using ‘Exodus’ phones to facilitate cryptocurrency trading among the phone users,” the report added.

Phil Chen, the brain behind HTC’s Virtual Reality (VR) headset “Vive” will be in charge of all blockchain and cryptocurrency related initiatives of HTC including “Exodus”.

“Through ‘Exodus’ we are excited to be supporting underlying protocols such as Bitcoin, ‘Lightning Networks’, ‘Ethereum’, ‘Dfinity’ and more,” Phil Chen was quoted as saying by TheNextWeb.

Also Read: Microsoft’s Search Engine Bing Bans Cryptocurrency Advertisements

However, HTC has still not announced the price of the smartphone but the company is reportedly considering accepting cryptocurrency as a form of payment for the device.

Before HTC, Sirin Labs’ blockchain smartphone which was announced in September 2017, is slated to launch in October 2018. (IANS)


Popular

Unsplash

Canadian researchers have discovered an overlooked gene that plays a major role in the development of antibodies

Canadian researchers have discovered an overlooked gene that plays a major role in the development of antibodies, which help the immune system recognize and fight viruses including SARS-CoV-2, bacteria and other causes of infectious disease. The gene -- FAM72A -- facilitates production of high-quality antibodies by enabling the effect of an enzyme called AID (for Activation-Induced Deaminase), the researchers showed.

Immunologists have known for two decades that AID is essential to produce antibodies capable of clearing infections, but the full mechanism of its effect has remained unknown. "Our findings answer the long-standing question of how AID does its work," said Alberto Martin, a professor of immunology at the University of Toronto's Temerty Faculty of Medicine. "FAM72A helps AID to promote mutations in antibody genes that are essential for the development of effective antibodies," he added.

Virus Pathogen Antibody - Genetic mutations that lead to lasting changes in DNA occur through a process called mutagenesis. | Pixabay

Keep Reading Show less
IANS

Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India will set up a 50 megawatt (MW) solar power plant in Odisha's Sambalpur

Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India will set up a 50 megawatt (MW) solar power plant in Odisha's Sambalpur at a total cost of Rs 301.92 crore, moving steadily towards its goal to achieve carbon neutrality by 2024. MCL has placed a turnkey order to set-up a 50 MW solar power plant with a Chennai-based firm M/s Hild Energy Ltd, which will establish this green energy project within a timeline of 10 months, the MCL said in a statement on Saturday.

This solar plant would cater to the captive power requirement of MCL. The Central PSU had successfully set-up a 2MW solar power plant in Sambalpur in 2014. The company said it has pledged a target of installing 182 MW of solar power by 2024 in order to become a net zero energy company, aligning itself to use cleaner forms of energy for coal production.

white and blue solar panel system The company said it has pledged a target of installing 182 MW of solar power by 2024. | Photo by Mariana Proença on Unsplash

Keep Reading Show less
IANS

As the nation celebrated the 114th birth anniversary of his father - renowned poet Harivansh Rai Bachchan - megastar Amitabh Bachchan remembered his dad as he penned a heartfelt note for him.

As the nation celebrated the 114th birth anniversary of his father - renowned poet Harivansh Rai Bachchan - megastar Amitabh Bachchan remembered his dad as he penned a heartfelt note for him. The actor took to his blog where he poured his heart out and also shared an unseen photo with his father. The image in question is from Big B's wedding in 1973, where the two are caught in a sweet moment as they look at each other.

Amitabh Bachchan wrote on his blog,

"My Father , my all .. November 27th his birth in the year 1907 .. Which makes it his 114th Anniversary .. He is in the heavens, with my Mother and they celebrate .. as do we , in thought word and deed .. (sic). But first."


Keep reading... Show less