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Eidoo | CRYPTS NEWS
Monday , August 20 2018
Home / ICO / Eidoo

Eidoo

Eidoo is a blockchain-to-human interface simplifying the interaction between the blockchain and its users.

The purpose of Eidoo is not only to accomplish things that others do not, but to do it in a different way, through a safer and simpler method, maintaining a special focus on the user experience and enabling the complexity of the crypto world to be more understandable.

Eidoo goal is to make only one application, extremely easy to use, and bring the crypto world to the end user; a bridge towards worlds that at this time, as a user experience, are not so close to one another.

The challenge of this project is also to give a common home to technologies whose communities (e.g. Bitcoin and Ethereum) have trouble cooperating due to different visions, creating a tool that manages different technologies through a unique user experience.

Eidoo is the integrator that brings together technologies and services that today already exist, additional ones only imaginable at this moment, and others that cannot even conceive.

What offer Eidoo?

Exchange The Eido Ethereum Wallet aims to integrate a secure, transparent and partially decentralized asset exchange built via Ethereum smart contracts, which settle and finalize trades. Security will be provided by the fact that each user will have the funds they are trading with within their own smart contract wallet. the traditional sluggishness and costliness of a decentralized exchange will be counteracted via off-chain order book and server.

Identity In high-income countries in the last decate, governments have trialled and deployed public key infrastructures to provide digital identity to citizens and enable easier, more efficient access to governmental services. This secure type ussualy work by providing each citizen with personal smart card with a chip.

Market Cryptocurrencies have the bility to also eliminate intermediaries in the commerce of goods, allowing users and merchants to save on transactions fees. In order to boost this commerse, Edoo lso going to develop a Decentralized Market

Application

HD Wallet

  • Ethereum, Bitcoin and all the ERC20 tokens are stored with a single backup passphrase.
  • No full node required thanks to light architecture.
  • Private keys managed by the user and encrypted on the device.
  • High Security Level thanks to Eidoo’s Recovery Tool.
EIDOO HYBRID EXCHANGE
  • As safe as a decentralized exchange, as fast as a centralized one.
  • The exchange manager does not have any access to the user accounts.
  • The user enjoys a trading experience with some of the most competitive fees on the market.
  • Cross-trading amongst ETH and different ERC20 assets with a technologically consistent atomic outcome.

Another feature, which can be created by leveraging Lightning Network, is a Decentralized Market, where EIDOO users could, instead of transferring only asset, exchange also generic goods and services in a decentralized and provably honest way using either an HSM or an escrow system.

The wallet will take care of abstracting the raw unfriendly function of Lightning Network, giving to the end user a more pleasant environment to manage their assets.

Click here to read the Ethereum approach and Bitcoin approach

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