ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us
ETHNews will sunset at the end of August. The site will remain accessible for a few weeks while necessary maintenance is performed. Thanks, as always, for reading.

The Exodus 1 And The FINNEY: A 'Quiet Revolution' Or Just Quiet?




HTC and Sirin Labs look to increase mainstream adoption of blockchain technology and cryptocurrency through smartphones.

Launching just over a month apart from each other, Sirin Labs' FINNEY and the HTC Exodus 1 have both been touted as the world's first blockchain phone. While the former is endorsed by Lionel Messi, and the latter announced yesterday, December 5, it can now be purchased with Litecoin, does it actually mean anything to walk around with one of these in your pocket?

Not Your Usual Wallet

Both phones have hardware wallets that treat security in totally different ways. The Exodus 1 allows users to store bitcoin, Litecoin, Ethereum, and some ERC721 tokens in its Zion crypto wallet, which secures private keys using a secure enclave, or trusted execution environment, cordoned off from the phone's Android operating system, making the contents therein unreadable to everything else on the phone.

FINNEY, on the other hand, uses a cold storage wallet accessible through the phone's "Safe Screen" – a slide-out screen that uses separate hardware and software and a different power switch than the rest of the phone. There, private keys remain isolated from the phone's internet-enabled native wallet until the user slides the safe screen out and initiates a transaction.

Making It Mainstream

In April, Sirin Labs posted on Medium to highlight the phone's purpose and the market it was reaching out to. The post outlined the low use of cryptocurrency among Americans and the high rate of smartphone ownership. Sirin explained that a crypto-compatible, easy-to-use smartphone could lead to mainstream adoption of blockchain technology.

A month later, HTC announced its development of the Exodus 1, also on Medium. Phil Chen, HTC's chief crypto officer, emphasized his hope that the Exodus would increase the user base for Dapps, as well as promote the growth and decentralization of the Ethereum and Bitcoin networks by making each Exodus 1 phone a node, specifically a light node.

More than a Smartphone?

Unfortunately, with both phones having just launched, and both not shipping until later this month, it isn't totally clear if these features will work within each phone, and if the different approaches will lead to mainstream adoption. At the moment, it feels like they're stuck in between being categorized a "smartphone" and "cryptocurrency wallet solutions" (and expensive solutions at that) – smartphones that just have cryptocurrency wallet and exchange apps that can already be downloaded on your average, non-blockchain phones.

At this year's Slush event, Chen presented the first phone HTC developed to use the Android operating system in 2008. He noted that a few months later, Satoshi Nakamoto mined the genesis block, and hoped the Exodus 1 would be the next step in what he called the "quiet revolution."

But the Exodus 1 and the FINNEY don't necessarily feel revolutionary. For now, they just feel quiet.

Nicholas Ruggieri

Nicholas Ruggieri studied English with an emphasis in creative writing at the University of Nevada, Reno. When he’s not quoting Vines at anyone who’s willing to listen, you’ll find him listening to too many podcasts, reading too many books, and crocheting too many sweaters for his dogs, RT and Peterman.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest FINNEY, Sirin Labs or other Ethereum opinion news.