A new cryptocurrency designed with a purpose and use has just entered the cryptocurrency market. In our growing digital economy, privacy, security, and encryption are a necessity to protect our digital footprint. Learn more about how and where EOT fits in.
What is EOT?
EOT is, like Bitcoin, a cryptocurrency and digital payment system. Transactions take place between users directly without the interference of any third party.
Transactions are recorded and verified in a public ledger call the blockchain
EOT was specifically designed to be used for the “Encryption of Things”
What is the “Encryption of Things”
The Encryption of Things is a process whereby physical items, which are linked to the internet, are being safeguarded against intrusion by the use of cryptography
An Example would be secure messaging between two parties where the message would be encrypted by the use of private keys
Who controls EOT
EOT does not belong to any person, business or country.
EOT is open source and decentralized
Why is EOT called deflationary
Only a limited amount of EOT will be created, unlike normal currencies where governments can print an unlimited amount
What are the use cases for EOT
Secure Money Transfer and Transactions
Secure Internet by encrypting Internet routers and other hardware
Creating encryption keys for IOT devices protecting them against viruses, malware, and hacking
Secure communication by providing encryption keys for devices such as the BitVault
Providing encryption keys for the encryption of documents, media files etc
What are the advantages of the EOT
Fast payments and transactions – new blocks are created every 90 seconds
Peer to Peer – not dependent on third parties like banks who have the power to block your account, devalue or even confiscate your money. With EOT, all of your funds, your communication, copies of your digital files, and your complete digital footprint is controlled by you alone and verified by a distributed network.
Security – EOT is protected using advanced cryptography. Processing is done by 1000’s of computers all over the world
Global payments and communication – not only can you transfer money anywhere, to anyone who has an EOT wallet, but you can also send them a secure message or make a secure call with an EOT enabled device.
New Opportunities – EOT embraces our new economy and creates opportunity for new businesses to be developed with the currency and the “Encryption of Things
How to make money with EOT
EOT Mining
EOT Trading
EOT Investment
EOT Product development and new businesses
http://eottoken.com/
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