Here come the first blockchain smartphones: What you need to know

We going to have a blockchain smartphone, this will be a huge event for cryptocurrencies industry. I'm not sure whenever it will be similar to Ledger device. The article also mentioned that the data on the phone will be encrypted. The encrypted phone tends to be running slower and using more battery too. Hopefully by that time phone CPU and batteries can catch up with the demand.

While blockchain is a peer-to-peer secure networking technology over which data can be exchanged anonymously for a myriad of business or personal transactions, the encryption behind the electronic distributed ledger also means if you lose your private key, you lose your data – forever.

HTC didn't offer any details about how it would enable key recovery on the smartphone

What happened if someone lost the phone? Let's assume they have a backup data for that phone how do they transfer existing data from the old phone to the new one. What kind of password will be required? A 25 random and a combination of words, numbers.. or a self-made password. Maybe its too soon to judge.