The HTC ‘Exodus 1’ contains a secure enclave – a locked area on the device that is protected from the Android OS (Android O). This secure enclave will hold the keys to your crypto, whether that is currencies or non-fungible tokens (NFTs) or in the very near future, all your digital data.
HTC has developed a unique Social Key Recovery mechanism in case your phone is lost or stolen, or you forget your keys. It is an easy and secure way to recover keys lost in the hardware. It also ensures that HTC does not hold your keys in a central location at any point – you maintain full custody at all times. HTC allows you to pick a few trustworthy contacts, and each one of those must download a key management app. Your seed then gets split using a secret sharing algorithm and is sent to the trusted contacts. Should the need arise, you can successfully regain access to your funds.
HTC is inviting cryptographers and developers from all over the world to join the Exodus community and help improve the strength of this secure enclave. As part of the early access period, HTC is inviting community feedback and contributions for improvement to the wallet and secure storage through the ‘HTC EXODUS (OFFICIAL)’ Telegram channel.
