Eidoo ICO Engine: Launch Your Initial Coin Offering Tokens?

    Secure Your Digital Currencies With Eidoo

    For any cryptocurrency investor or trader, the need to secure your crypto cash is the number one priority. And like the traditional banks we have, the blockchain technology can also be susceptible to security breaches especially on the part of the users. As a result of this, there are calls for better digital wallets to safeguard investments. However, the blockchain technology is not short of innovations, and there exist several platforms to assists users with the much-needed security.

    Eidoo is a Switzerland-based venture that provides a multi-cryptocurrency wallet and ER20 tokens with a unique backup passphrase. The platform's launch was back in August 2017 with the initial origins as a standard Ethereum and ERC20 token wallet.

    Under the program, users get to receive, send and save tokens. And fast forward to today, Eidoo is planning to start out an ICO exchange for the exchange of tokens. With such unique features, Eidoo stands out from some of the wallets that currently exist in the crypt scene.

    Basics Of Eidoo

    With the platform acting as a hybrid exchange, two development teams work together to meet this vision. The Bitcoin group works on the Eidoo Bitcoin wallet that manages generic assets on the Bitcoin Blockchain. With the incorporation of the light network method, Eidoo offers a much faster and cheaper way for users on the Bitcoin exchange.

    The Ethereum side is in charge of creating an Ethereum light client for the verification of all user key chains. The key chains are the tool to validate the transfer of information received by other users on the network. This makes it possible for users to send or receive tokens irrespective of the Ethereum address. As a result, services on Eidoo are much faster since there is no need to validate or download the entire blockchain for a transaction.

    Should I Join?

    For any crypto enthusiast, it is open that most wallets only accommodate purchasing coins and not selling. Eidoo is a wallet that allows you to store, purchase, and transfer or sell your digital assets. Furthermore, the portfolio will enable you to pay for goods or services in cryptocurrency without the need for any intermediary. The Eidoo token (EDO) is the mode of currency to pay for costs and fees inside the Eidoo app.

    Another plus for Eidoo is its accessibility. The development team behind Eidoo took the liberty to create both the Android and IOS app versions for the digital wallet. Now, users in the mobile world can easily download the app from their respective store and access their crypto cash anywhere, anytime.

    On the other hand, a unique feature of Eidoo is its Hierarchical Deterministic wallet app. While it might sound confusing, this feature allows the user to have full control of the transactions. In no capacity whatsoever does the Eidoo platform store or interfere with your data.

    Eidoo ICO Engine Conclusion

    Your digital wallet is an essential tool in your blockchain investments. And this is an item; you should go lengths to protect. Eidoo's features seem like a viable solution for a more secure and convenient digital wallet.

    It has simplified crypto markets while also building interaction between the blockchain and its users. As a result, the future for Eidoo seems brighter than we anticipate. Its pioneering efforts are something you should not overlook.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Galaxy Digital's Mike Novogratz: This Is The Year For BTC Or I Might ‘Hang Up My Spurs'

    Bitcoin proponent, Mike Novogratz is still “most excited” about the world's leading cryptocurrency but “if it doesn't go all out by the end of...

    National Internet Finance Association of China Warns Against Manipulative Crypto Exchanges

    The National Internet Finance Association of China(NIFA) has issued a warning for investors who have been associated with the crypto-verse about the growing risks...

    Cash is King in Coronavirus Ravaged Economy But Bitcoin is “Next in Line to the Throne”: Hedge Fund Manager

    Mark Yusko, the CEO at Morgan Creek Capital Management says coronavirus is unleashing a once in a lifetime downturn. Yusko appeared on CNBC’s “Trading Nation”...

    Bitcoin’s is Gold 2.0; Billionaire Chamath Palihapitiya Lays Out BTC’s Path Forward in Macro Backdrop

    In the latest episode of The Pomp Podcast, host Anthony "Pomp" Pompliano had Chamath Palihapitiya, the CEO of Social Capital as a guest who...

    Binance ‘Leak' Signals Possible Bitcoin Options Trading Launch On The Exchange

    The competition across cryptocurrency exchanges in the crypto derivatives markets is heating up to a boiling point as yet another big player hints at...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.