Coin News

Charlie Lee confirms Litecoin support on HTC’s Exodus blockchain smartphone

Litecoin Founder Charlie Lee has confirmed that he will step aboard HTC’s advisory board, and that the firm’s Exodus phone will support Litecoin.

In a surprise announcement, HTC Corporation – the hands behind the forthcoming Exodus ‘blockchains smartphone’ – have confirmed that Litecoin founder Charlie Lee has stepped aboard as an advisor.

The good news, however, doesn’t end there – in a tweet, Lee confirmed that the Exodus will support both Litecoin and the Lightning Network.

Scheduled for release in 2018’s third quarter, HTC has tipped that the Exodus will serve as a network node and will allow users to retain their identity and personal data through on-device storage. Additionally, the device will support a cold wallet storage solution for cryptocurrencies.

At present, the Exodus is set to receive support for Bitcoin, Ethereum, and Litecoin. The smartphone has been further slated to support decentralized applications.

Earlier this year, HTC confirmed a new partnership with CryptoKitties that will see the dApp benefit from a pre-installed presence on the forthcoming HTC U12+ as well as the Exodus itself.

The move comes amidst wider interest both from blockchain-focused initiatives and established hardware manufacturers. While HTC’s development of the Exodus has caught headlines, Sirin Labs has pressed ahead with its FINNEY smartphone while the likes of Huawei has further provided a mobile wallet as a pre-installed application on certain smartphones.

Litecoin itself has retreated by -2.27% at press time, and presently trades at $81.89 USD.

Posted: Oct 30, 2020 Author: Bryan Smith Categories: Coin News