You remember 1990? No internet... we'd never imagine that everything would be connected as it is nowadays in less than 30 years time.
The internet took over and it's estimated that over 80 Billion devices will be online by 2025, this is less than 10 years from now!
From industrial machines to devices in our home, all of it with some connection to the web.
With growing number of cyber attacks and hacks, our privacy and security needs are definitely higher, when it comes to protecting our digital footprint and assets.
Here comes the role of EOT - encryption of things.
wondering how EOT will help making transmission more secure?
They're working on Secure messaging, encrypting the way, Secure calling, secure media storage, Secure browsin, Verification, where we can use EOT to verify websites identity, title and even proof of ownership, “Smart home” security like Wi-fi for home devices, Secure banking and fintech and even more applications that will still come.
We're just looking to the tip of the iceberg when it comes to IOT (internet of things). Many more technologies will come up on the future and that's wy I think EOT can be a good pick longterm.
here are some of the technicals:
Name : EOT Token (Verified)
Identifier : GdnNbe6E3txF63gv3rxhpfxytTJtG7ZYyHAvWWrrEbK5
Total supply : 100,000,000 EOT
Circulating supply: 8,260,903 EOT
POW
Time between blocks: 90 seconds
Block Size: 1 MB
Block Reward: 100 coins
Reward Halving: every 500,000 blocks
Currently trading on waves Dex, Tidex and CryptoBridge.
EOT uses the Bitcoin source code but with a few modifications.
50% of supply is already pre-mined but wait, no reason to panic!
premined coins will be used to pre-load the devices, like the first device that's already using EOT:
Bitvault.
Bitvault is the first crypto communicator and blockchain phone.
It uses fingerprint and iris scan, which are virtually impossible to replicate. This means that iris authentication is one of the safest ways to keep your BitVault locked and the contents private.
they also have an interesting roadmap for next year:
ROADMAP :
September 2017 – Swiss Bank in Your Pocket integrates EOT Wallet(Achived)
October 2017 – BitVault®, the world’s first blockchain phone launches in London with integration of EOT for secure calling, secure messaging and secure browsing (First batch shipped)
November 2017 – BitVault® Global App Store launches for developers to develop their own applications (Achived)
November 2017 – Website EOT Payment Gateway for WordPress and WooCommerce (ARCHIVED)
December 2017 – Cryptodoc stores all your documents securely and encrypted on your PC
December 2017 – Password Wallet stores all your passwords for applications and websites encrypted on your PC
January 2018 – Smart Router for secure, encrypted internet which is direct, safe and easy
January 2018 – EOT Camera, an Encryption of Things connected camera
February 2018 – EOT Development Kit for hardware devices
What do you think of this project? Let me know in the comments!
Make sure to check their ann on bitcointalk, official website, their Slack and of course check their whitepaper and business model to learn more about the project.
Remember: always do your own research and never invest more than you can afford to loose!
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Thanks a lot dear friends!
Talk to you soon!
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