Eidoo

EDO
-5.52 % (24hr)

$ 0.648945412

❝ Eidoo (EDO) is a user-friendly mobile app which includes a multi-asset wallet and native hybrid exchange. It is the first blockchain-to-human interface which aims to simplify the interaction between blockchain and its users. ❞
Market Cap

$ 18.99M

Current Supply

$ 90.21M

Max Supply

$ NA

24hr Volume

109.8K

Proof

-

website

Visit

Overview

Eidoo (EDO) is a user-friendly mobile app which includes a multi-asset wallet and native hybrid exchange. In a single platform, the users can buy, sell, spend, and convert the cryptocurrencies and tokens. The app can be installed from Google Play Store for android devices and iOS app store. This project is dedicated to the creation of an effective “blockchain-to-human interface”, which makes the interaction between users and blockchain-based assets hassle-free.

Eidoo wallet is a single-integrated environment that is used to manage all tokens, without the need for complex configurations and providing best security standards and best practices.

Eidoo’s main goal is to manage all the tokens without installing different apps and wallets for each digital currency. It is the first to develop the feature where it supports all tokens based on the Ethereum blockchain (ERC20, ERC223). The company plans to add Bitcoin support to its wallet in the first quarter of 2018.

In its Initial Coin Offering (ICO) in October’ 2017, Eidoo has raised $27,913.264.

How it Works

The Eidoo project covers two different approaches and implementations; Ethereum implementation and Bitcoin implementation. Their vision of a user-friendly and secure wallet for blockchain-based smart assets will be incorporated

  • In a fast, user-friendly, innovative, flexible, feature rich, turn-key Ethereum implementation that is based on ERC20 standard and EVM tokens, with an embedded token system to fund the development
  • In a secure, scalable, long-term oriented, privacy compliant Bitcoin implementation, based on the new asset protocol RGB and off-chain trusted computing , with a traditional non-profit open source funding approach

In the Ethereum approach, the wallet will have Ethereum Light Client on the mobile devices. Light client enables the “client” to verify all the hash chains necessary to validate the information received by other nodes and concerning only its own Ethereum address, without the need to download and validate the entire blockchain.

In the Bitcoin approach, the Eidoo Bitcoin Wallet will be able to manage generic assets on the Bitcoin blockchain in a secure and user-friendly way. A key feature of the wallet, which has been designed for security purposes is the generation of deterministic key pairs from 12/24 words, called seed as per BIP39 standard.

Key Features

  • The Eidoo wallet has a central focus on the safe and easy management of digital, blockchain-based ‘Smart’ assets.
  • It is a hybrid exchange to overcome the problems of the blockchain space related to scalability and security.
  • The user manages the private keys which are encrypted on the user’s mobile device and not held by Eidoo.
  • There is no need to download and validate the entire blockchain in order to verify the information due to its light architecture.
  • Eidoo’s hybrid exchange facilitates cross-trading amongst ETH and different ERC20 assets with a technologically consistent atomic outcome. The trading fees is the most competitive in the market.
  • Ethereum, Bitcoin and all the ERC20 tokens are stored with a single backup passphrase.

Key People

  • Natale Ferrara; Founder
  • Thomas Bertani; CEO
  • Marco Polci; CTO

Conclusion

Eidoo is the first blockchain-to-human interface which aims to simplify the interaction between blockchain and its users. It is using a carefully designed and developed set of products and services which includes a digital wallet, decentralized exchange digital identity solution (for taxation purpose) and an ICO Engine allowing users to take part in ICOs themselves.

Key Links

Website: https://eidoo.io/

White Paper: https://eidoo.io/docs/EIDOO_Technology_White_Paper_v_0_2_Draft_EN.pdf