Eidoo is a simple yet advanced wallet that supports Bitcoin and other ERC20 tokens as well as Ethereum. Just one passphrase backup is all that users need to use cryptocurrencies of all types on this platform. Eidoo is also a hybrid exchange. On this powerful platform, users can keep their personal key encrypted and get full access to world class security level by using Eidoo Recovery Tool. Eidoo is also known for its valuable features like graded support. It can be utilized as a comprehensive and fully developed cryptocurrency exchange.
Eidoo is an idea brought to life by CEO Thomas Bertani in 2017. The official name of this Switzerland-based company is Eidoo Sagl. The ERC20 token wallet and the Ethereum wallet were introduced in August 2017 while the sale of tokens happened in September. The Bitcoin wallet has been planned for release in 2018 first quarter. The Dapp model is also scheduled for release at the same time.
Eidoo offers a number of features that can be useful for those using the wallet. You can store ERC20 tokens and Ethereum in this wallet as they are from the same blockchain. The wallet’s app can be used for sending and receiving digital currencies. The private key of the wallet is managed by the account user. They can create sub-wallets and keep their main wallet address private and anonymous on Eidoo. Easy management facility on Eidoo makes it easy for users to send and receive digital currencies and read QR codes. The Ethereum addresses of contacts can be stored in a standardized manner by Eidoo.
Eidoo is designed to automatically detect all tokens supported by the Ethereum blockchain. ERC20 tokens that are not recognized can still be available through your wallet. However, details of such tokens will be listed as unknown. A list of transactions made in Ether or other ERC20 tokens can be easily accessed on Eidoo by using the transaction history facility. Eidoo offers a decentralized exchange with atomic swaps built in. Eidoo is the best exchange for engaging in cross-trade between various ERC20 assets on comparatively low fees.
Eidoo has emerged as an integrator that brings various existing technologies and services as well as the ones that are only imaginable and may become a reality in the near future on the same platform. The aim of the platform is to improve and enrich user experience and technology by using a detailed, methodological approach.
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