Eidoo is a Blockchain-to-user interface, aimed at providing the user with all the benefits of Blockchain and abstracting all the technical complexities involved. It will be an all-in-one tool to manage your Blockchain assets and thereby, will decrease unnecessary efforts that users put in to manage different wallets. Eidoo allows its user to buy, sell, exchange and transfer all the Blockchain hosted assets which include cryptocurrencies and digital tokens, without relying on a central authority.
Token-exchange have a great number of protocols to follow which include a tonne of technical complexities and therefore, are hard to host and maintain. Every day we see new start-up ideas in the Blockchain market to store and manage Blockchain assets however apart from regular functionalities, these start-ups have limitations when it comes to complex jobs. So far, all such efforts have ended in vain or end up complicating the interface for the user. One of the most important aims of Eidoo is to not restrict the great set of Blockchain benefits and yet, provide a SIMPLE user interface for an all-round asset management.
The Blockchain asset prices are open to market changes. An asset may worth millions today only to crash down to a very minimal amount tomorrow. Once in the world of cryptocurrency and Blockchain people are often faced with multiple cryptocurrencies and tonnes of more tokens they invest into. So if you do not already have a multi-cryptocurrency wallet you should get one. 'Eidoo wallet' is one such user interface that allows its users to exchange and transact cryptocurrencies and Blockchain tokens.
EIDOO WALLET
Eidoo wallet is your new best friend for token and currency management. As the highlight of the project, the wallet will include all the features and necessary protocols needed to conduct a transaction. The fund transfer is always decentralized and doesn't go to any third party and hence making system invulnerable to third-party scams and hacks.
Features provided by Eidoo:
- Cross-platform wallet: One of the biggest challenges that will be faced by Eidoo team is to host an inter-token exchange, tokens which are hosted on different platforms and have a completely different background of exchange. Eidoo, wallet though will have inbuilt exchange protocols and procedures. Eidoo thus will provide for something no other platform has, yet. Eidoo plans to overcome all the technical hurdles and provide true inter-operability among cryptocurrencies.
- Overcome transaction costs : When working with different wallets. Users need to pay exchange fees and other payments during a fund transfer from one account to the other. When using a single multi-cryptocurrency wallet such fees can be mitigated.
- Inventory management : Cryptocurrencies are not the same as fiat currencies. There price is vulnerable to market changes. The bitcoins for example, that sold for about $0.004 are now worth over $4000. When investors and companies invest in a lot many start-ups and buy a good number of tokens it is very easy to misplace or forget about tokens and currencies in different wallets. Eidoo is a single management tool for all your tokens and currencies, where in you can manage and transact any number of tokens and currencies.
- Privacy : For the users who need an extra go into their privacy Eidoo provides for pseudonym identities and integrating digital identity cards to set up a wallet for a pseudo name. Eidoo supports the system of hierarchical wallets which means that Eidoo users can create sub-wallets to keep their main wallet addresses private.
- Decentralised transactions: All the transactions made in the EIDOO WALLET are decentralized and the user has an all-time access to his funds and assets.
- Simplified user experience: Eidoo products will be completely user-friendly abstracting all the technical background of the product, making the product more accepted and open. The transaction history and data will be secured securely and users may access their transaction histories in the application at any time.
- Security: Eidoo though, takes off technicalities from its user-interfaces it DOES NOT make any compromise with the security of the transactions of funds and assets hosted on the platform. All the guidelines and the best practices will be followed to ensure secure transactions.
Eidoo now can support tokens based on Ethereum Blockchain. However, the company plans to add bitcoin support in its further upgrades. For this purpose Eidoo has two teams- One, that continuously works on Ethereum based tokens and the other that works on setting up the upcoming bitcoin Eidoo platform.
Eidoo will be an integrated solution to all the Blockchain management for is users. Right from secure transactions, privacy and simplicity, Eidoo tackles all the prevailing complexities in the system and has the best solutions for them. It will make the 'crypto world' easier to manage and will take the load off the shoulders of the Blockchain investors and enthusiasts who need a common platform for a token and currency exchange.
To know more visit
Website : https://eidoo.io/
Facebook : https://www.facebook.com/eidoocrypto/
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