HTC Crypto Phone Partners with Opera, Has Own dApp Store

Colin Muller

The HTC Exodus smartphone, whose headline feature is a discrete cryptoasset hardware wallet built into the phone, will soon be available for purchase with fiat money as opposed to only crypto, which was previously the case. According to Cnet, the device will go on sale for fiat on March 1.

The phone has been available for purchase with crypto online since December, via payment gateway CoinPayments. In addition to the most common buying options, with Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH), the smartphone could also be had with Binance Coin (BNB).

coinpayments.png(source: HTC Exodus checkout)

News of the inevitable new option to buy the phone with national fiat currencies came during the 2019 Mobile World Congress, held in Barcelona, Catalonia.

 

 

Mobile World Congress

In addition to the fiat news, other details about the phone came out during the industry-leading trade show.

We learned yesterday that HTC have partnered with the Opera Browser, with Opera building exclusive functionality into the pairing. To wit, Opera on the Exodus will be able to access the Zion cryptoasset wallet, which is the phone’s interface into its hardware wallet - picture a supercharged Metamask.

Although the phone also includes the Brave Browser's mobile version out of the box, which serves as a platform for the Basic Attention Token (BAT) and its ecosystem, it seems that HTC’s priority will be on Opera.

We also learned of a number of purpose-built decentralized apps (dApp) that are compatible with HTC’s device. According to The Verge, a special Exodus-only dApp store will be adding “about 20” new dApps, including one that tracks users’ physical routines - like walking, sleeping, and driving - and allows them to sell that data to companies.

HTC has for some years been an underdog in the mobile phone race, having suffered staggering losses in this department for years, and losing most of its research resources to Google.

In this vein, Samsung’s recent announcement of supporting cryptoassets via the Enjin Crypto Wallet will probably overshadow HTC’s news by a large margin.

Bitcoin Proponents Debate a Potential Hard Fork for Inflation

  • Bitcoin Advisory founder Pierre Rochard is asking bitcoin community to consider the implementation of inflation.
  • Rochard argues that transaction fees alone may not be enough to sustain miners in the future. 

Pierre Rochard, founder of consulting firm Bitcoin Advisory, has addresed a debate in the bitcoin community over whether transaction fees will be high enough to support the network’s continued use. 

Bitcoin Inflation Debate

According to Rochard, who is also a self-proclaimed proponent of BTC’s scaling solution lightning network, the community must question whether transaction fees alone will be enough incentive for miners in the future. As outlined in the original white paper, bitcoin’s total supply is limited to 21 million coins. 

While the final BTC is not expected to be minted until after the year 2140, the block reward will continue to decline over the coming century. Miners, who facilitate transactions and secure bitcoin’s network, will have to rely more upon transaction fees as a source of income, as BTC rewards continue to fall.

Some are now arguing that bitcoin may need to introduce perpetual inflation to remedy the situation, which would mean altering the original 21 million BTC total supply.

Rochard said, 

There’s an open question of will transaction fees be high enough – or in the aggregate total – enough to provide transaction finality...will bitcoin have to hard fork in inflation?

The Bitcoin Advisory founder asked the community to consider the state of altcoins, many of which operate on an inflationary protocol. Rochard acknowledged that confirmation bias may be clouding judgment in regard to bitcoin’s managed development and that the potential for inflation should at least be considered, 

There’s confirmation bias. We’re all very bullish on bitcoin, I certainly am, and so we want to pick out arguments and facts that support our position rather than trying to see all sides of a debate and have a more balanced view. Or at least have some level of uncertainty and self awareness in how much support we actually have for our arguments.

Future of BTC

Rochard pointed to an article written in 2015 by Silicon Valley entrepreneur Ryan Selkis, under the name TwoBitIdiot, arguing that bitcoin needed inflation despite the controversy of the idea. He also pointed to the increase in block size from 1MB, which at the time was considered blasphemous to bitcoin’s protocol, as analogous to the idea of introducing inflation. 

Rochard concluded that the bitcoin community has “a good 10 to 20 years to argue about it,” before inflation becomes a pressing issue. 

 

Featured Image Credit: Photo via Pixabay.com