Connect with us

Litecoin News

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 22

HitBTC exchange.” data-reactid=”28″ type=”text”>Market data is provided by the HitBTC exchange.The crypto markets are eagerly awaiting the launch of institutional trading platform Bakkt. Its launch is expected to attract large investors whose involvement is needed to propel markets to the next level. Without even starting operations, investors are already valuing it at $740 million. This…

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 22
HitBTC exchange.” data-reactid=”28″ type=”text”>Market data is provided by the HitBTC exchange.

The crypto markets are eagerly awaiting the launch of institutional trading platform Bakkt. Its launch is expected to attract large investors whose involvement is needed to propel markets to the next level. Without even starting operations, investors are already valuing it at $740 million. This is likely to increase further if it can generate large volumes. However, some investors doubt whether it can live up to its expectations and earn enough to justify its valuations.

The volumes of the crypto exchanges have been under the scanner as The Tie published a report recently, which suggested that most reported volumes are fake. This puts the total volume of LBank and Bit-Z — which have overtaken the leading exchange Binance — in question.

As the market matures, fake reporting is likely to be severely dealt with, as seen in the case of South Korean cryptocurrency exchange Komid, where two of its leaders were handed a jail sentence.

If the crypto markets bottom out, volumes will pick up. Let’s consult the charts and see if we find a new uptrend in any of the major cryptocurrencies.

BTC/USD

Bitcoin (BTC) has been crawling higher for the past few days, but it is yet to make a dash towards the overhead resistance of $4,255. On the downside, it is taking support at the 20-day EMA and below it at the uptrend line. Both the moving averages are trending higher and the RSI in positive territory, which indicates that the bulls have the upper hand.

View photos

BTC/USD

If the BTC/USD pair does not scale $4,255 within the next few days, traders are likely to book profits that will drag prices lower. Aggressive bears might also initiate short positions if the pair fails to rise above the overhead resistance.

A breakdown of the 20-day EMA will be the first signal that the bulls are losing their grip. The bears will be back in the driver’s seat if the price sustains below the 50-day SMA. Critical levels to watch on the downside are $3,355 and below it $3,236.09. If the bears sink the digital currency below $3,236.09, it will hurt sentiment and result in panic selling, dragging prices lower.

The cryptocurrency will pick up momentum above $4,255 because it will complete a double bottom pattern that has a target objective of $5,273.91. Traders can trail the stops on the long positions higher to $3,550, in order to reduce the risk.

ETH/USD

Ethereum (ETH) has formed a small ascending triangle inside a larger ascending triangle pattern. The smaller ascending triangle will complete on a breakout and close above $144.78. The pattern target of this breakout is $163.68, but we anticipate the price to move up to $167.32. On a close above $167.32, the larger ascending triangle will complete that has a pattern target of $251.64.

View photos

ETH/USD

However, a breakdown of the 50-day SMA will invalidate the small ascending triangle and can result in a fall to the trendline of the larger ascending triangle. On a break below this, the bullish pattern will be negated and the ETH/USD pair can fall to $102.49.

The 20-day EMA has flattened out and the RSI is close to the midpoint, which suggests consolidation in the near term. Traders can keep a stop loss of $125 on the remaining long positions.

XRP/USD

There is hardly any volatility in Ripple (XRP). It continues to trade close to the moving averages. The attempt to breakdown of the uptrend line of the ascending triangle found buyers at lower levels on March 21. The price is again back above the trend line.

View photos

XRP/USD

If the support breaks, the XRP/USD pair can dip to $0.27795. We expect a strong support at this level, but if this also breaks, the next support to watch out on the downside is $0.24508. The flat moving averages and the RSI close to 50 suggests consolidation for a few more days.

On the other hand, if the pair bounces off the current levels, it can move up to $0.33108, above which a rally to the resistance line of the channel is probable. A move above the channel will signal a trend change and can carry the price to $0.40. Traders can keep the stops on the long positions below $0.27795.

LTC/USD

Litecoin (LTC) is currently stuck between $56.910 and the resistance line. The bulls have held the support but have failed to push the price above the overhead resistance. Both the moving averages are sloping up and the RSI is still in the positive zone. This suggests that the path of least resistance is to the upside. However, the failure of the RSI to break out of the negative divergence is concerning.

View photos

LTC/USD

On a breakdown of the 20-day EMA, the LTC/USD pair can correct to the 50-day SMA. Therefore, traders can trail the stops on 50 percent of the remaining long positions to $55 and keep the rest at $52. If the pair bounces off the current levels and scales above $62.45, it can rise to $69.2790.

EOS/USD

EOS has again failed to break out of the overhead resistance at $3.8723. This is a negative sign. The bears are now likely to attempt to sink the digital currency to the 50-day SMA.

View photos

EOS/USD

If the EOS/USD pair plummets below the support of the 50-day SMA and $3.1534, it will weaken and can drop to $2.1733. Therefore, traders can keep the stops on the remaining long positions at $3.10.

If the pair bounces off the current levels or the 50-day SMA and breaks out of $3.8723, it can move up to $4.4930. However, the 20-day EMA has flattened out and the RSI has also dipped to the midpoint. This suggests a range formation in the near term.

BCH/USD

Bitcoin Cash (BCH) has turned down from the overhead resistance of $163.89. The positive thing is that it did not break down of the 20-day EMA.  

View photos

BCH/USD

Both the moving averages are gradually sloping up and the RSI is in positive territory. This suggests that the bulls are in command. If the BCH/USD pair rebounds sharply from the current levels or from the 20-day EMA and breaks out of $163.89, it can rally to $175 and above it to $220.

However, if the pair plunges below the 20-day EMA, it can slide to the 50-day SMA. Therefore, traders can trail the stop loss on the long positions at $140.

BNB/USD

Profit booking in Binance Coin (BNB) pushed its price below the uptrend line, but the bulls are currently attempting to defend the 20-day EMA and push the price back above the uptrend line.

View photos

BNB/USD

The 20-day EMA is flattening out while the 50-day SMA remains strong. This indicates that the bulls are losing steam in the short term. A fall below the 20-day EMA will weaken the BNB/USD pair that can drag it to the 50-day SMA.

On the other hand, if the pair bounces from the current levels and rallies above $16.6442826, it can resume its uptrend and rally to $18. For now, traders can hold the remaining long positions with stops at $14.

XLM/USD

Stellar (XLM) has corrected to the 20-day EMA where it is finding some support. Both the moving averages are flattening out, which points to a consolidation in the near term.

View photos

XLM/USD

If the XLM/USD pair breaks down of the 20-day EMA, it can drop to the 50-day SMA. The uptrend line is just below this level. We anticipate the bulls to defend the zone between the 50-day SMA and the uptrend line.

Conversely, if the pair bounces off the 20-day EMA, it can move up to the resistance line. A breakout of this level can push the price to $0.14861760. The traders can keep the stops on the long positions at $0.08.

TRX/USD

Tron (TRX) turned down from the 20-day EMA on March 22. Both the moving averages are sloping down and the RSI is also in the negative zone. This shows that the bears are at an advantage.

View photos

TRX/USD

The bears will try to sink the TRX/USD pair to $0.01830 if the support at $0.02094452 cracks. On the other hand, the bulls will try to reverse direction from the current levels and scale above the moving averages. If successful, it can reach the top of the range at $0.02815521. If the pair sustains above the range or bounces off strongly from $0.01830, we might suggest long positions. Until then, we remain neutral.

ADA/USD

After consolidating for almost three months, Cardano (ADA) has scaled above our recommended buy level of $0.05650. We like the way the digital currency has risen after forming a large basing pattern. It should now rally to its first target objective of $0.066121, followed by a move to $0.080.

View photos

ADA/USD

Both the moving averages have started to trend up and the RSI has reached overbought levels. This shows that the bulls have the upper hand. On any dip, the ADA/USD pair should find support at $0.051468 and below that at the 20-day EMA. If both these supports break, the pair will lose momentum and might become range-bound once again. Therefore, traders can trail their stops higher to $0.048.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.” data-reactid=”275″ type=”text”>Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

Related Articles:

  • Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Stellar, Binance Coin, Tron, Cardano: Price Analysis, March 20
  • Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 18
  • Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 15
  • Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, TRON, Cardano: Price Analysis, March 13

Source

Up Next

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 19

Don't Miss

Sparkswap raises $3.5M to build an exchange on the Bitcoin Lightning Network

Continue Reading
Advertisement
Loading...
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Litecoin News

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 15

HitBTC exchange.” data-reactid=”28″ type=”text”>Market data is provided by the HitBTC exchange.As the Bitcoin rally picked up momentum, the volume also spiked higher. Bitcoin futures on CME made a new record as the number of traded contracts reached 33,700 on May 13, which was way higher than the previous record of 22,500 contracts that exchanged hands…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 15
HitBTC exchange.” data-reactid=”28″ type=”text”>Market data is provided by the HitBTC exchange.

As the Bitcoin rally picked up momentum, the volume also spiked higher. Bitcoin futures on CME made a new record as the number of traded contracts reached 33,700 on May 13, which was way higher than the previous record of 22,500 contracts that exchanged hands on April 4. While increasing volume is a positive sign, a huge spike in volume can, at times, signal panic buying for the fear of missing out on the gains.

This is also a time when a number of rumors will crop up that can result in short-term spikes. One such rumor was that eBay will start accepting cryptocurrencies, but the same was denied by the company.

United States crypto exchange and wallet service Coinbase has expanded operations in 50 more countries and has introduced USD Coin (USDC) trading in 85 more countries. While this increases the reach of cryptocurrencies. It also provides an opportunity to the people living in inflation-hit nations to escape devaluation of their fiat currencies. Meanwhile, the U.S. Securities and Exchange Commission has postponed its decision on the Bitcoin exchange-traded fund application by Bitwise Asset Management.

Shark Tank’s Kevin O’Leary, based on his personal experience in using Bitcoin for a real estate transaction, has termed the coin as a useless form of currency. We believe that as the markets mature, these troubles will be a thing of the past. Hence, people should look into the future rather than dwell in the past.

BTC/USD

After the sharp run-up of the past few days, Bitcoin (BTC) is taking a breather. It is facing some profit booking close to the overhead resistance of $8,496.53. The digital currency can either enter into a consolidation or a correction from these levels.  

View photos

The first support on the downside is at $7,413.46 and if this level breaks, the slide can extend to the 20-day EMA. We expect one of these supports to stall the pullback. Both the moving averages are trending up, which shows that the BTC/USD pair is in a bullish grip. However, the RSI is deep in overbought territory, which suggests that buying has been overdone in the short term.

Traders can keep the stop loss on the remaining long positions at $7,100. We will watch for the next two days and if the bulls fail to push the price above $8,496.53, we will suggest booking profits on the complete position. On the other hand, if the pair breaks out of $8,496.53, it can move up to $10,000.

ETH/USD

Ethereum (ETH) has picked up momentum in the past two days and has risen above our first target objective of $225. Though we like the way it has rallied, still we suggest traders book profits on 30% of their long positions at the current levels to pocket some gains and raise the stop loss on the remaining to $175, just below the 20-day EMA. If the price sustains above $225.49, the stops can again be raised to break even. The next level to watch is the pattern target of $256. If the momentum continues, a rally to $300 is also possible.

View photos

Both the moving averages are sloping up and the RSI is in the overbought zone. This shows that the bulls are in the driver’s seat. Any dip is likely to find support at $200 and below it at the 20-day EMA. Our bullish view will be invalidated if the ETH/USD pair plummets below the 20-day EMA.

XRP/USD

Ripple (XRP) soared on May 14 and broke out of the overhead resistance of $0.33108 and $0.37835. This is a positive sign. It might face some profit booking close to $0.450 from where it might enter into a minor correction or a consolidation.

View photos

Any dip will find buyers close to $0.37835. We expect this level to hold and the XRP/USD pair to provide traders an opportunity to enter long positions. However, we will wait for a confirmation that the level is holding before proposing a trade in it.

On the upside, a breakout of $0.45 can clear the path for a rally to $0.60, with minor resistances at $0.50 and $0.55. At times, trades are missed because of large unexpected moves. It is a good trading strategy to wait for a low-risk entry point with a suitable stop loss and not chase the price higher.

BCH/USD

Bitcoin Cash (BCH) is currently facing selling close to the resistance line of the ascending channel. A pullback to the 20-day EMA is a possibility. With both the moving averages sloping up and the RSI in the overbought zone, the bulls have the upper hand.

View photos

A breakout and close (UTC time frame) above the channel will be a positive sign and can result in a quick move to $500, followed by a rally to $638.99. The BCH/USD pair has a history of vertical rallies, hence, these targets are achievable.

However, if the pair fails to break out of the channel, it might gradually continue to climb higher. It will weaken and slide to the support line of the channel on a breakdown of the 20-day EMA.

LTC/USD

Litecoin (LTC) closed (UTC time frame) above the overhead resistance of $91 on May 14. This completed a cup and handle pattern that triggered our buy recommendation given in the previous analysis.

The target level to watch on the upside is $158.91, with a minor resistance at $127.6180. The moving averages have turned up and the RSI is in the overbought zone. This shows that the bulls are in command. For now, the stop loss can be kept at $70.

View photos

We will watch for the LTC/USD pair to pick up momentum and quickly rally above $102, else the bears will again try to sink the pair back below the breakout level of $91. If the price slips back below $91, it will weaken the breakout. We may close the position if the price sustains below $91.

EOS/USD

EOS is looking strong as it has broken out of the overhead resistance at $6.0726. It can now climb to the next overhead resistance at $6.8299. If this level is also crossed, the digital currency is likely to pick up momentum. The 20-day EMA has started to slope up and the RSI has reached the overbought zone. This suggests that the bulls have the upper hand.

View photos

If the EOS/USD pair fails to ascend $6.8299 in the first attempt, it might consolidate near the resistance for a few days or correct toward the 20-day EMA. The trend will turn in favor of the bears if the price slides below the strong support zone of $4.4930–$3.8723.

BNB/USD

Binance Coin (BNB) made a new lifetime high on May 13, which failed to sustain. But it has again risen to new highs today. A cryptocurrency that breaks out to new highs with a strong move signals that there is more to come.

View photos

The BNB/USD pair can now move up to the resistance line where it is likely to face some selling. The pair had turned down thrice from this resistance line, hence, it is an important level to watch out for. Any dip will find support at the 20-day EMA.

Both the moving averages are sloping up and the RSI has climbed into the overbought zone. This shows that the path of least resistance is to the upside. However, as we do not find a setup with a good risk to reward ratio, we are not proposing a trade in it.

XLM/USD

Stellar (XLM) has broken out of both the moving averages and the resistance at the long-term downtrend line. This points to an end of the downtrend. There is a minor resistance at $0.13250273 and if this level is crossed, the rally can extend to $0.14861760.

View photos

We find a developing inverted head and shoulders pattern on the XLM/USD pair. The pattern will complete on a breakout and close (UTC time frame) above $0.14861760. This gives the pair a target objective of $0.22466773, with a minor resistance at $0.17759016. We will wait for the price to sustain above $0.14861760 before suggesting a trade in it. However, if the bulls fail to push the price above $0.14861760, it might dip to the 20-day EMA once again.

ADA/USD

Cardano (ADA) has been gradually inching higher towards the overhead resistance of $0.094256 for the past few days. If the price breaks out and closes (UTC time frame) above $0.094256, it will complete a rounding bottom pattern that has a target objective of $0.161275.

View photos

The 20-day EMA has started to turn up and the RSI has also climbed into the bullish territory. This suggests that bulls have a minor advantage. The traders can buy on a close (UTC time frame) above $0.094256. We will suggest a stop loss after the trade triggers.

On the other hand, if the bulls fail to ascend the overhead resistance of $0.094256, the ADA/USD pair might remain range bound for a few more days. It will turn negative on a break below the recent lows of $0.057898.

TRX/USD

Tron (TRX) has finally broken out of the range. If the bulls sustain the breakout, it will indicate the start of a new uptrend. Therefore, we retain our buy recommendation given in an earlier analysis. As the digital currency had been consolidating for a very long time, we expect the next rally to last long and reach $0.050, with a minor resistance at $0.040.

View photos

Contrary to our assumption, if the TRX/USD pair fails to sustain above the range, it will extend its consolidation for a few more days. It will weaken on a breakdown of $0.02094452. The trend will turn negative if the bottom of the range at $0.0183 breaks down.

Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.” data-reactid=”233″ type=”text”>Market data is provided by the HitBTC exchange. Charts for analysis are provided by TradingView.

Related Articles:

  • Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 13
  • Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 10
  • Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 8
  • Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 6

Source

Continue Reading

Litecoin News

HTC Integrating Full Bitcoin Node Into Surprise New Smartphone

HTC is preparing to launch the first smartphone with native support for a bitcoin full node.GettyThe underdog smartphone maker HTC continues to carve out territory in the largely uncharted decentralized internet. Instead of competing directly against giants like Apple and Samsung that have thrived within the current internet paradigm of centralized servers and walled gardens…

HTC Integrating Full Bitcoin Node Into Surprise New Smartphone
HTC logo

HTC is preparing to launch the first smartphone with native support for a bitcoin full node.

Getty

The underdog smartphone maker HTC continues to carve out territory in the largely uncharted decentralized internet. Instead of competing directly against giants like Apple and Samsung that have thrived within the current internet paradigm of centralized servers and walled gardens controlled by giant corporations, the Taiwanese smartphone maker today revealed a new smartphone that paves the way for a more decentralized alternative.

The Exodus 1s, a cheaper, more sophisticated descendent of the Exodus 1 launched last year, will be the first smartphone capable of running a full bitcoin node out of the box. By making it easier for more people to validate bitcoin transactions and blocks, the phone has the potential to increase the resilience of the bitcoin blockchain.

But perhaps more importantly, according to HTC’s first decentralized chief officer, Phil Chen, the full node and a number of other decentralized services natively integrated with the new phone will give app developers new opportunities to connect directly to decentralized networks, which are more resistant to censorship and capable of giving users more control over their money and their identity.

As giant companies like Facebook and Amazon continue to address public concerns over their influence over our social lives and spending habits, HTC’s Exodus 1s could mark the biggest step yet toward a solution that involves reinventing the internet from the ground up.

“Running a node is maybe the most important part of the blockchain as it helps secure the network, every one of them acts as an authoritative verifier of every single transaction of the block,” says Chen, who is the driving force behind HTC’s crypto push. “For Exodus customers, we’re building technology for the open, neutral, borderless, decentralized and censorship-resistant world.”

There are currently only about 9,000 active bitcoin full nodes verifying blockchain transactions. Each node holds the entire bitcoin history going back to the first transaction and requires as much as 200 gigabytes of storage, increasing at a rate of about 60 gigabytes a year, according to Chen. The Exodus 1s will support a lighter version of the full node that requires just 10 gigabytes of storage, but each phone will include extra SD card designed to support complete full-node services. The full nodes do not enable bitcoin mining, which Chen says may happen at a future date.

Like the original Exodus, the new phone will include a Zion private vault, which will be cordoned off from the rest the phone to enable safer storage of the private keys that give access to the phone owner’s cryptocurrency. Unlike the original Exodus, the 1s will let developers build a wide range of decentralized applications on top of Zion, which supports bitcoin, ether and litecoin, using the newly open-sourced developer kit. By helping enable alternatives to centralized institutions like Facebook and credit data provider Equifax, HTC is part of a new breed of companies like the Tyler and Cameron Winklevoss-backed Blockstack that are imagining decentralized alternatives that are less susceptible to privacy violations and outside hacks.

“Right now most apps typically connect directly into centralized services,” says Chen. “If we can help increase the number of full nodes, we can make it a lot easier for app developers to do it right, which will benefit everyone.”

The 1s will include Qwant, an internet search engine that doesn’t track searches or filter results, and like its predecessor, it will offer a social key-recovery system that doesn’t rely on a bank or other central authority. New owners of the phone will be prompted to identify a trusted group of individuals who can approve access to the Zion private vault if the password is lost or stolen. Native integration with the privacy-focused Opera browser, cryptocurrency portfolio tracker Blockfolio and Numbers, which lets users monetize their personal data, is also included with the new phone.

The phone, which will be able to be purchased with bitcoin, ether, litecoin or other supported currencies, is expected to sell from $250 to $300 when it hits the shelves in Q3 of this year, according to HTC. (The Exodus 1, which has been available since last year, costs about $700.) While the member of the inaugural Blockchain 50 list isn’t sharing exact sales of its first crypto phone, Chen says they are “on track” with what the company expected. HTC’s market share has been shrinking recently, with last year’s revenue falling more than 60% over the previous year, to about $770 million.

Response to the Exodus 1 was mixed, with many calling it a publicity stunt and others heralding it as a new way to use the internet. It is worth noting that just six years ago, HTC had chosen a decidedly different route when it partnered directly with Facebook to build the failed HTC First, dubbed the Facebook phone. Meanwhile, Facebook CEO Mark Zuckerberg has said his company could build a more decentralized way to log into online services. But even as Facebook prepares to launch its own mysterious blockchain services, Zuckerberg has expressed doubts about the benefits of logins that don’t rely on a central authority.

“>

HTC logo

HTC is preparing to launch the first smartphone with native support for a bitcoin full node.

Getty

The underdog smartphone maker HTC continues to carve out territory in the largely uncharted decentralized internet. Instead of competing directly against giants like Apple and Samsung that have thrived within the current internet paradigm of centralized servers and walled gardens controlled by giant corporations, the Taiwanese smartphone maker today revealed a new smartphone that paves the way for a more decentralized alternative.

The Exodus 1s, a cheaper, more sophisticated descendent of the Exodus 1 launched last year, will be the first smartphone capable of running a full bitcoin node out of the box. By making it easier for more people to validate bitcoin transactions and blocks, the phone has the potential to increase the resilience of the bitcoin blockchain.

But perhaps more importantly, according to HTC’s first decentralized chief officer, Phil Chen, the full node and a number of other decentralized services natively integrated with the new phone will give app developers new opportunities to connect directly to decentralized networks, which are more resistant to censorship and capable of giving users more control over their money and their identity.

As giant companies like Facebook and Amazon continue to address public concerns over their influence over our social lives and spending habits, HTC’s Exodus 1s could mark the biggest step yet toward a solution that involves reinventing the internet from the ground up.

“Running a node is maybe the most important part of the blockchain as it helps secure the network, every one of them acts as an authoritative verifier of every single transaction of the block,” says Chen, who is the driving force behind HTC’s crypto push. “For Exodus customers, we’re building technology for the open, neutral, borderless, decentralized and censorship-resistant world.”

There are currently only about 9,000 active bitcoin full nodes verifying blockchain transactions. Each node holds the entire bitcoin history going back to the first transaction and requires as much as 200 gigabytes of storage, increasing at a rate of about 60 gigabytes a year, according to Chen. The Exodus 1s will support a lighter version of the full node that requires just 10 gigabytes of storage, but each phone will include extra SD card designed to support complete full-node services. The full nodes do not enable bitcoin mining, which Chen says may happen at a future date.

B50

Blockchain 50 full coverage

Forbes

Like the original Exodus, the new phone will include a Zion private vault, which will be cordoned off from the rest the phone to enable safer storage of the private keys that give access to the phone owner’s cryptocurrency. Unlike the original Exodus, the 1s will let developers build a wide range of decentralized applications on top of Zion, which supports bitcoin, ether and litecoin, using the newly open-sourced developer kit. By helping enable alternatives to centralized institutions like Facebook and credit data provider Equifax, HTC is part of a new breed of companies like the Tyler and Cameron Winklevoss-backed Blockstack that are imagining decentralized alternatives that are less susceptible to privacy violations and outside hacks.

“Right now most apps typically connect directly into centralized services,” says Chen. “If we can help increase the number of full nodes, we can make it a lot easier for app developers to do it right, which will benefit everyone.”

The 1s will include Qwant, an internet search engine that doesn’t track searches or filter results, and like its predecessor, it will offer a social key-recovery system that doesn’t rely on a bank or other central authority. New owners of the phone will be prompted to identify a trusted group of individuals who can approve access to the Zion private vault if the password is lost or stolen. Native integration with the privacy-focused Opera browser, cryptocurrency portfolio tracker Blockfolio and Numbers, which lets users monetize their personal data, is also included with the new phone.

HTC Exodus 1s

A schematic for the Exodus 1s, expected to go on sale in Q3 2019.

HTC

The phone, which will be able to be purchased with bitcoin, ether, litecoin or other supported currencies, is expected to sell from $250 to $300 when it hits the shelves in Q3 of this year, according to HTC. (The Exodus 1, which has been available since last year, costs about $700.) While the member of the inaugural Blockchain 50 list isn’t sharing exact sales of its first crypto phone, Chen says they are “on track” with what the company expected. HTC’s market share has been shrinking recently, with last year’s revenue falling more than 60% over the previous year, to about $770 million.

Response to the Exodus 1 was mixed, with many calling it a publicity stunt and others heralding it as a new way to use the internet. It is worth noting that just six years ago, HTC had chosen a decidedly different route when it partnered directly with Facebook to build the failed HTC First, dubbed the Facebook phone. Meanwhile, Facebook CEO Mark Zuckerberg has said his company could build a more decentralized way to log into online services. But even as Facebook prepares to launch its own mysterious blockchain services, Zuckerberg has expressed doubts about the benefits of logins that don’t rely on a central authority.

Source

Continue Reading

Crypto Live Prices

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
Advertisement
Loading...
Advertisement
Advertisement

Trending