It's basically a u12+ for $160 extra. From what little information they've given about the phone it apparently has a hardware wallet running on the Snapdragon 845's secure enclave (which I think all s845 phones have so it's just a software feature) and it's designed to run dapps whatever that's supposed to mean.
Chen said the benefit of keeping this area of the phone separate from Android was that Google's OS is "fundamentally insecure with a centralized system," and therefore storing cryptocurrency using Android would make a user's funds more vulnerable to a hack.
He said the significance of integrating blockchain technology in the phone is that it bolsters the security and privacy of a user's assets, and will in the future help with protecting a customer's data and identity. Blockchain can be thought of as a tamper-proof digital ledger that records cryptocurrency transactions and other data across a distributed network with no central authority overseeing it.
"The dominant companies in our world today are Google and Facebook, and in China, Baidu, Alibaba and Tencent, because they basically own all our data," Chen said.
HTC's new phone will run decentralized applications, digital programs that operate on the blockchain.
So, it's just a phone with a wallet app and, by the looks of it, probably some separate chipset for encryption of the private keys. I wouldn't trust my private keys with anything that got crap made by Google or Facebook on it.
Still, would be fun to code some new apps for this.
I'd hate to lose my ledger nano too but it wouldn't be the end of the world. It's the financial cost loss that hurts the most, having to buy another physical hardware replacement. You can backup your seeds to protect from full loss, but can never avoid the sting of purchasing a new device.
I think it's a pretty good idea. I just bought a phone recently and am thinking about buying it. Maybe not exactly "needed" right now for me personally, but wouldn't be against having an extra phone andor selling what I have now and replacing it.
Like it or not, but this confirms to me, that we are onto something with crypto here. HTC always has been a pioneer when it comes to technology (think early Android phones, VR Headset,...). Although I do not have an immediate use for it (since I don't yet use crypto for everyday purchases), I think a system for sharing/securing/recovering of keys with friends is something very useful. I don't want a bank or similar to manage my keys, but also would appreciate a secure and decentralized alternative. Not saying this is it, since I have only glossed over these details here.
swatsqad9 - 10 years account age. > 1000 comment karma.4 weeks ago
I guess it's mildly more convenient than using an USB OTG cable with existing hardware wallets (and to be honest Android mobile wallet hardware wallet support is crap, I don't think most cryptos have hardware wallet supporting Android wallets). But it's not clear just how robust this integrated hardware wallet is, and which coins it supports.
That said, it might make for a good wallet to use as a spending wallet? Like more secure than all out cold storage but much better than just using regular wallets. Not sure anybody is willing to buy an otherwise not great phone just to have that though.