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In the past few years, few technologies have become the focus of global attention like blockchain technology, and now it has even reached a crazy level. However, it seems that most people still don’t know much about this technology. They have only heard about it, but do not have a deep understanding of it. Many supporters of the technology believe that the impact of blockchain technology goes beyond cryptocurrency, and in-depth discussions about blockchain usually focus on its potential beyond cryptocurrency. Blockchain mobile phones have also appeared in everyone’s field of vision based on this background. So what are the uses of blockchain mobile phones? Many investors want to know what functions a blockchain phone has? Let the editor of the currency circle talk about it below.

 What is the use of blockchain mobile phone?

The biggest feature of blockchain mobile phones is security, which allows users to own their own keys and data, rather than Google, Apple, etc. or other companies that hold these keys. It's actually an Android phone and has the same features as any other phone, but it has an extra locked area that protects against Android's unsafe areas.

HTC Exodus
1 is an Android phone that is built as a secure parallel micro-operating system. For certain security needs, in this case, to hold your own private key and sign transactions in an encrypted space, you can use the so-called Safe enclave. "

Its first use case is to allow you to securely hold cryptocurrencies or other crypto-assets, such as non-fungible tokens, but Chen sees this as the basis for being able to own and hold your own digital identity and data.

An obvious question that comes up in any discussion of blockchain phones is, what happens if my phone is lost or stolen? Your keys, and possibly even ultimately your digital data, are physically stored on that device. HTC
The Exodus 1 is not a refrigerated device like Sirin Labs’ Finney blockchain phone, but it also allows you to store your digital belongings completely, disconnected from the internet.

Scotty, Senior Vice President of Product Innovation at Quisitive
Perkins said: “I think the demand for cryptocurrency-enabled phones will be limited to recent enthusiasts, especially those with cold storage components. If you have refrigerated coins stored electronically on your phone, you You really have to think carefully about what will happen if your phone is lost, stolen, or irreparably damaged. Unless you plan carefully, you'll lose more than just the value of your phone and a few contacts."

HTC takes a middle ground, limiting the risk of wealth concentration but without fully independent cold storage.

"There is no 100% security, and there is always a constant balance between security and availability," Chen said. “Right now, all your wealth is online, stored on some centralized server. We’ve decentralized the risk, at least on blockchain phones, and there’s not a single point of failure where you can get robbed of 150 million people through digital means. If you To rob someone, you have to take the device from their person."

 What functions does the blockchain phone have?

HTC released a new phone called Exodus last week
1’s blockchain phone, you can understand that HTC is “really not easy to mix” in the traditional mobile phone industry, so it shifted its focus to attract attention. This blockchain phone must be purchased with cryptocurrency. I'm sorry, you can't buy this machine with any US dollars, Euros or RMB.

The configuration is similar to other top Android flagship phones, including Xiaolong 845 processor, 6G memory, IP68 waterproof, etc. The only difference is that as a blockchain phone, it has a built-in advanced security system that can protect the user's encryption keys and the security of currency or non-fungible tokens.

There is another one, this key can be "mashed" into pieces, and then given to people you trust, parents, brothers, sisters, seven aunts, eight aunts, etc., everyone has a key fragment, and one day a thief targets you. After the blockchain phone on you has it stolen, you can still sneer. With the key you gave to your friend, the contents of your phone can still be retrieved, completely intact. This is the most practical function of blockchain mobile phones at present: protection.

To sum up, this is the answer of the editor of Biquan Circle to the two questions: What are the uses of blockchain mobile phones and what functions does blockchain mobile phones have? The editor of Biquan Circle here reminds investors that currently, blockchain mobile phones are in There won’t be a big market in the short term. After all, there are still many people who don’t understand blockchain technology. This is still a new thing that many people have never heard of, and we don’t know it. Where will blockchain technology go? The current target users of blockchain phones are crypto users who truly understand what it means to have their own private keys. In fact, this is not even a need for most crypto users.