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Description of Eidoo (EDO)

Eidoo Origin

Release Date: October, 2017.

Eidoo is a multi-cryptocurrency wallet with some additional built in features. The project is led by SAGL, a Swiss based company. The CEO of Eidoo is Thomas Bertani. The cryptocurrency wallet is available for users to download from both the iOS application store as well as from the Google Play store for Android devices.

Eidoo Functionality

EDO allows users to store absolutely all ERC20 tokens. Both Ethereum and ERC20 tokens are supported by the projects wallet. Additionally, users are in full control of their private wallet. This is due to the fact that all private keys are encrypted on a user’s smartphone, they are not held by Eidoo. There is also QR scanning functionality built right into the app.

An interesting feature is that previous addresses to which tokens and other digital currencies have been sent, can be added to a contact address book, in a similar format to classical phone contact books.

The reason as to why EDO can accommodate all tokens built on the Ethereum Blockchain is due to its automated detection system. And even if a token does not appear with its name and logo naturally, it is still supported and will be available in a user’s wallet upon transfer. Though, it’s worth keeping in mind that initial details regarding a token can be labeled as “unknown”. Now, the most interesting aspect of Eidoo, is its inbuilt hybrid decentralized exchange. Which allows users to easily trade ERC20 currencies, by means of atomic swaps.