Pundi X says it has created a new smartphone that runs entirely on a decentralized blockchain operating system (OS).
The Singapore-based company revealed the new blockchain-powered XPhone at the XBlockchain Summit in Bali, Indonesia.
Users can transfer images and files using #FXTP (decentralized file sharing) and call / message people through the Blockchain.
The phone also toggles into Android, so you can use it normally pic.twitter.com/vJpPuttWAm
— Digital Lawrence ☀️ (@DigitalLawrence) October 10, 2018
The XPhone is powered by FunctionX, a blockchain ecosystem which enables users to send and receive data. Just like any other smartphone, the XPhone will be able to send messages, make calls and transfer data. The goal is to power the decentralization of all apps, websites, communications and data.
FunctionX OS is based on Android OS 9.0, which makes it compatible with Android apps and allows for easier development of DApps.
Pundi X CEO Zac Cheah says every device in the Function X ecosystem will be a node on the Pundi X blockchain (NPXS). Each phone will have its own address and private key, in an effort to achieve new levels of scalability.
“Scalability in blockchain is derived from the number and geographic spread of nodes. While certain blockchains such as Ethereum have achieved an admirable spread of nodes at 15,000 through transaction-based protocols, it’s clear that achieving a critical mass in terms of scale will require something with utility for the vast majority. Function X is the answer.
By offering people the choice to be independent of a centralized communications network, we’ve created a new use for blockchain that can be appreciated and used by most people…”
“We see blockchain as being at a similar stage of development to the internet in the early ‘90s. A new kind of network and decentralized protocol like Function X will be as transformational to blockchain as the browser was to the internet. For a start, it is putting blockchain in the hands of millions via a smartphone and returning control of their data back to them, but also it answers many other challenges.”
Pundi X is known for its cryptocurrency-based POS systems. The company plans to roll out 100,000 devices to the global market by 2021.