Understanding Blockchain
Blockchain itself comes from two English words namely Block and Chain.
Block (special box) is a place / limit to accommodate all item / transaction changes that occur during process.
Chain (chain) is a unique continuous recording and is the flow of all consistent stages of an item / transaction.
The Conventional Bank records all of their financial transactions in a 'ledger' (or 'ledger'). A few decades ago this Great Book was indeed a book that eventually as the streets of time will continue to mount and begin to dust. This book contains records of financial transactions conducted by the Bank. These transaction records are now made in digital form following the times but the ledger is still owned and controlled by a bank.
Blockchain is unique because the Ledger that is usually managed by one party alone becomes the opposite. This transaction log book is publicly distributed and managed by thousands of computers in the world at the same time and everyone can check it out. So transparency in Blockchain Technology is not to be debated.
EIDOO PROJECT
For several years and even months, people's enthusiasm for Crypto Currency and Blockchain Technology is growing rapidly and reaching record highs. Various business models using this technology are offered by various Developers and Enterprise. But the main problem faced by this technology is too complex the utilization of this technology to the general public. So for now the utilization of this technology is still limited only in Crypto Enthusiast or those who intentionally want to know more and learn to use it. This problem is what Tim Eidoo wants to focus on to get it done so that more people can feel and use this Blockchain Technology.
The Eidoo project is the first project globally dedicated to developing an effective and efficient Blockchain Display Interface Technology by simplifying the interaction between Users and their Blockchain Assets, of course, without sacrificing the major benefits of this technology. The results of this project development are Products and Services with a view that is easy to understand, intuitive, consistent and convenient to use.
Eidoo Wallet is the center of the Eidoo project (Eidoo Wallet is now available for download from the Play Store). Eidoo Wallet will continue to be developed so that later will be used to store or pum exchange of various forms of Blockchain-based Digital Assets and of course can be used anywhere because it can be easily installed in the Smartphone. This ease does not merely forget about security features as security remains the standard in developing this project.
This integrated Exchange system will never need any third party interference that may result in loss to consumers due to system errors such as bugs, hack or scam. This is possible because by using Blockchain technology, the transaction between the Buyer and the Seller will happen instantly where the money in this case in digital form will directly move from buyer wallet to Seller wallet. In its development, Eidoo Wallet will be integrated into Debit Card so Users can recharge their Debit Card by redeeming their Digital Assets directly through the Smartphone Screen. Interesting technology is not it?
Eidoo will not only develop new technology on their way but will continue to improve the existing technology to make it safer and simpler. Eidoo wants to bridge the intricacies of the Crypto World with people who to this day are still very far away to be juxtaposed.
Private key
* Not every wallet has full control over your funds.
* Eidoo offers this "power". That is, through external open source tools,
* Key can be extracted. This saves you the first time you use the app.
* You can use one 12 words (backup syntax).
ETHEREUM EXCHANGE Eidoo Strategy Fund
In the long run, the Eidoo roadmap includes a fully distributed market (similar to the App Store) based on block chains and distributed storage technology that can hold stores without the need to download an entire block chain (light architecture). Eidoo Block Chain Ethereum, and all ERC20 are block chain-human interfaces that simplify the interaction between the block chain and the user.
The goal of Edoo is to achieve what others do not, To do this and to give a special focus to the user experience and to allow more of the complexity of the cryptographic world.
Additional services will be created in the near future to facilitate the use of cryptocurrencies: we plan to charge the debit card directly from Eidoo Wallet without leaving the application, so you can use a third party debit card or an Eidoo brand card.
Eidoo can use technology to process digital identities by integrating a digital ID card and authenticating the identity of the sender and recipient by generating an identity-related address to send or receive payments.
Bitcoin Exchange: Eidoo's Solutions
Through the lightning network, we can eliminate the risk of counterparties because there is a trade-off between users who can not cheat in any way. Another big improvement is that users do not have to follow bureaucratic procedures like KYC or AML It can weaken the confidentiality of users. Instead, everything can take advantage of off-chain transactions in a peer-to-peer distributed environment.
To be absolutely certain, Lightningne will bring tremendous improvements to Bitcoin's biggest weakness in 2017, fees and standby times. Thanks to a technology called Off-Chain transaction, the above mentioned mechanism can create a market with less than 10 hours of confirmed time, which is very inexpensive to trade. Hybrid exchange for Bitcoin is also known as an Atom exchange transaction. Function.
Eidoo Development Target Road Map
Interface View
The mission of Team Eidoo is to create a uniform interface capable of combining various technologies with a wide range of design philosophy so as to continue to deliver a unique, consistent, simple and compelling user experience. Eidoo works with experts in this field who will continue to work together to achieve this goal.
The solutions offered at this time are divided into two extreme sides. On the one hand it offers a sturdy system and man but the interface display only allows for use by 'geeks'. On the other hand offers a simple view, nice views, easy to operate but sacrificing security factors that can cause loss of assets for its users. Eidoo will work hard to help improve the adoption rate of this technology to the masses and remain responsible and cautious in its development.
The new tokens will be automatically detected by Eidoo Wallet and will be able to easily be used for secure funds to avoid Phishing and Fraud. Optimizing the settings of Identity, Reputation and Wallet Addresses is very important apart from the interface of the interface itself. And this will also be the focus of Team Eidoo's work along with ease of use.
Details Information
Wibesite: https://eidoo.io/
Whitepaper: https://eidoo.io/white-paper/
Facebook: https://www.facebook.com/eidoocrypto/
Twitter: https://twitter.com/eidoo_io
My Bitcointalk : (specsmuluk) https://bitcointalk.org/index.php?action=profile;u=1062194
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