The crypto world is becoming more and more part of our daily life. Even reaching the point where we can always carry our cryptocurrencies with us, thanks to the use of wallets in mobile applications. That is why HTC wants to go one step further than its competitors in integrating Blockchain technology on its smartphone, Exodus. So now this phone from HTC will mine Monero.
Integrating cryptocurrencies into our lives
In the world, more and more people are deciding to join the crypto world, acquiring cryptocurrencies to save, pay for goods and services, or trade on the different exchanges that exist at their disposal.
This has also meant an increase in the number of options available so that we can obtain and store our crypto assets.
Today there are hundreds of wallets on the market, each with characteristics that make them unique for users. In which we can store our cryptocurrencies, so that they are safe until the time comes when we decide to use them.
Of course, at the end of the day cryptocurrencies are money, so for most people, having them stored in a wallet that we can only access from home is not practical. So versions of the most important wallets in the world have emerged, to be used on our mobile phones.
However, this would not stop pleasing HTC, which seeks to harness the power of modern smartphones to mine crypto assets.
HTC’s Exodus will mine Monero
To this end, HTC has partnered with ASIC mining chip maker Midas Labs to develop an application known as DeMiner. Which can be downloaded from the second quarter of 2020, on HTC Exodus phones, so that users can mine Monero.
“Mobile phone mining is an important research topic to understand the development of secure crypto networks. The number of mobile phones in 2020 is close to 3.5 billion, which would further decentralize and distribute the hash rate and mining power of those cryptocurrency networksSaid Phil Chen, Director at HTC.
Thus, it is clear that HTC’s goal with the new feature of its Exodus phones is to further decentralize mining capabilities within the crypto world. Avoiding an excessive concentration of it, in the hands of a group of mining farms, as in the case of Bitcoin.
For which, in addition, it takes advantage of the fame built by Exodus as the first Blockchain phone in the world. What makes the application that allows to say that the HTC phone will mine Monero, one of the most interesting experiments currently under development in the crypto community. That being the reason why we chose this as our Today’s Data here at CryptoTrend.