HTC integrates DeFi service into Exodus blockchain smartphone

HTC integrates DeFi service into Exodus blockchain smartphone

Taiwanese smartphone maker HTC has announced further support for cryptocurrency protocols, including decentralized finance applications.

In an announcement this week, consumer electronics giant HTC stated that it is introducing support for Bitcoin Segregated Witness (SegWit) transactions on the Exodus smartphone.

Segwit separates the main part of the BTC transaction data from the part which authorizes the transaction making the process more secure.

The company confirmed its ambitions for crypto and blockchain, adding;

“HTC is investing in the development and implementation of blockchain technology that will usher in a new area of secure data storage and transactions and take blockchain technology mobile for the first time.”

In addition to the enhanced security, HTC also added support for two leading DeFi platforms— MakerDAO and Compound.

MakerDAO provides the collateralized, dollar-pegged “stablecoin” called Dai. It is for use in crypto lending and borrowing markets.

Meanwhile, Compound is an open-source Ethereum-based protocol allowing users to lend or borrow digital assets against collateral.

Both platforms will now be integrated into the company’s hardware-backed key management platform, Zion.

A few other crypto tweaks were also added including the Stellar memo, which is a message included with a crypto transaction.

The Initial Block Download (IBD) speed has also been increased which improves the node synchronization process.

Image courtesy of HTC Exodus/Twitter

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