As 2017 draws to a close, Cryptocurrency traders are sharpening their pencils and there are numerous predictions for Bitcoin prices in 2018.
See this story for the main Bitcoin predictions for 2018
However, not everyone might be so bullish on Bitcoin and as Bitcoin futures falters a bit there might be traders looking for an alternative. As reported on CNBC Bitcoin futures traded lower on debut on the CME [Chicago Mercantile Exchange] – See full article here
As traders are looking ahead to 2018 and some are looking for alternatives to Bitcoin, one new cryptocurrency quietly entered the market …
Why EOT could be the “Perfect Storm” for 2018
IOT, a Multi-Billion Dollar Market
From the recent Boston Consulting Group market analysis, Winning In IoT, It’s All About The Business Processes. BCG predicts that by 2020, €250B ($267B) will be spent on IoT technologies, products, and services. The greatest two sources of revenue growth in the IoT market will be from services and IoT applications investment. Source
It is also predicted that IOT “Internet of Things” devices might reach 75 Billion devices by 2025.
These devices will be a huge target for cybercrime and EOT – Encryption of Things is a cryptocurrency developed to be used in IoT devices to mitigate the risk of attacks. The developers of EOT will use blockchain technology and encryption to create products, applications and engineering toolkits for the IOT industry.
Embedded Downloads will be integrating EOT into a multitude of IoT devices such as smartphones such as The BitVault®, Smart Routers, Smart Cameras and many more.
Big Tech companies are taking note and Microsoft recently joined the IOT party… Click here to read more
More on EOT: – Click here
Related article: – These Christmas Toys can probably be Hacked
Privacy and Online Security
2017 was a terrible year for cybersecurity with more phishing scams, ransomware, state-sponsored attacks, and new attack vectors. Will 2018 be better?
Given what’s happened in 2017 — the Equifax breach, state-sponsored attacks, Russian manipulation of social media, Wannacry, and more phishing scams than we can count — you might not be looking forward to 2018. Breaches will be bigger, hackers will be smarter, and security teams and budgets won’t seem to keep pace.
Here is what is predicted for 2018… Click Here
EOT is uniquely positioned to become a major player in this market and the developers of EOT, Embedded Downloads is a market leader in providing hardware and software solutions in this space.
Related Articles: – Your own email is spying on you!
The BitVault®, the world’s first blockchain smartphone integrated EOT
The BitVault® is the world’s first Blockchain smartphone and crypto communicator providing a secure and safe smart phone experience with its own unique application store with blockchain enabled applications.
Click here to watch the BitVault® – Keynote
The BitVault® comes with the following unique features:-
Dynamic Key Creation: – With the use of biometric identification combined with NFC technology, the user creates private and public keys every time the device is used. These keys are never stored anywhere and can only be created by the specific user. These keys are used for encryption of transactions, communication and other applications on the device.
Secure Calling: – The device uses advanced cryptography to enable public key to public key calling. Cryptocurrency transactions are used to create multi-layer encryptions. Secure Messaging: – The same cryptographic methods are used for secure messaging. BitVault® to BitVault® messaging is multi-layered encrypted. Secure Document Transfer: – When a user sends a document created on a laptop or a PC via the BitVault® as an attachment, these documents are transferred over a private blockchain separate from the BitVault® communication environment. Both the sender and receiver will need to download an application on their respective computers to send or receive documents. Keys to open these documents will be securely transmitted from BitVault® to BitVault®. In this way, outside documents can never enter the BitVault® communication environment keeping it safe from malware. Secure Browsing: – By using blockchain technology the BitVault® dynamically verifies websites through a set of confirmation steps. Browsing with the BitVault® is severely restricted and controlled with stringent rules to ensure the integrity of the environment.
Cryptocurrency wallets: – The BitVault® uses cryptocurrency in its applications and also comes with native cryptocurrency wallets. The BitVault® will ship with the following wallets installed: – Bitcoin, Ethereum, Bitcoin Cash, EOT.
BitVault® Application Store: – BitVault® comes with its own dedicated application store and is open to enterprise developers. Enterprises could develop proprietary applications dedicated to their customers.
More details on other features and specifications of the BitVault® are available on the website – Click Here
There is a massive market for a product like the BitVault® and the product which is primarily an enterprise solution is aimed at the following markets:
Financial Technology market: – these include banks, financial institutions, and FinTech companies. BitVault® was introduced to the Fintech community in July 2017 and Embedded Downloads confirmed that they are working on the project with various institutions.
Defense Technology: these included Defence forces of countries, para-military organizations, the police, security organizations and various related organizations. The company has a dedicated team that focuses on this market and recently announced a strategic market alliance in the Indian Defence market.
Medical Technology: – these markets included hospitals, clinics, health organisations which control medical data, pharmaceutical companies etc.
Media: This includes big media companies and other media outlets. We have all heard about “Fake News”. Now blockchain technology can be used to verify the news – EOT can save Donald Trump from Fake News
Others: There are many other markets which require secure communication and data management and the BitVault® team are continuously exploring new opportunities.
This market is set to explode and will also attract some competition both of which will open new opportunities for EOT. Did you hear that the second Blockchain phone raised $100 million in 24 hours… read more
In addition, the EOT Wallet is available in the BitVault® it is also available in the Swiss Bank in Your Pocket Hardware wallet.
More on the SBIYP Hardware Wallet – Click here
EOT encrypted application to attract more users:
There are a number of software applications that use EOT and could bring new adopters.
EOT Coin / EOT Token Gateway: – This application is a gateway to enable EOT trading on the Waves decentralized exchange. This is currently available in the Swiss Bank In Your Pocket but will also be available in the BitVault® and are currently being developed for other platforms as well.
EOT Payment Gateway: – This is a merchant gateway the enables online merchants to accept EOT. Currently, this gateway runs on the Swiss bank in Your Pocket website and an open source API is in development that will allow any merchant to use the gateway.
Cryptodoc: This application stores all your documents securely and encrypted on your PC or mobile device. There will be several versions of this application making it available for a multitude of devices and platforms including Android and IOS mobile devices.
Password Vault: – This application creates a vault where you can store all your applications safely and securely using blockchain encryption enabled by EOT. In addition to the BitVault® and Swiss Bank in Your Pocket, this will also be available on other mobile devices, laptops, and PCs.
Waves Wallet and DEX – This application will integrate the waves wallet and decentralized exchange into the Swiss Bank in Your Pocket and the BitVault® thus creating an ultra-secure trading environment. Click Here
EOT is a decentralized cryptocurrency which can be mined.
In addition to everything mentioned above, EOT is also a cryptocurrency which can be mined and also used for value transfer from person to person. EOT payments are fast [ 90 seconds ] and are confirmed via the EOT Blockchain.
EOT has a business case
EOT is not only a cryptocurrency but a cryptocurrency with an actual use and thus a strong business case.
Read the EOT business case
EOT starting from a very low base
EOT is a new cryptocurrency, started from scratch and thus currently starting from a very low base, a few miners, low adoption, a small investor community, not integrated into many products yet, low trading volume and a very low price. At this stage, a “Sleeper Coin”
For more details – Click Here
EOT is listed on Decentralized Exchanges
Why EOT could be a major winner in 2018
As you can see from the above there are a number of reasons why EOT could be a big winner in 2018.
The coin has not been marketed via massive advertising and hype on cryptocurrency sites and the community supporting it has grown organically and they themselves are spreading the word by sharing and word of mouth. Once this organic adoption reach a tipping point or additional marketing is done, many more people could get involved thus growing adoption and ultimately price.
EOT is currently not trading on major exchanges and as more exchanges are added the liquidity and volume will increase building more adoption and momentum.
Ultimately the real growth will start when EOT enabled products really hit the market in 2018 and natural demand kicks in for the currency as the business use case become a reality.
Get your copy of What is Bitcoin
This e-book on Amazon explains what Bitcoin is, it explains that Bitcoin (BTC) is a virtual currency, digital, not physical, and independent of banks. Useful links and resources for the newbie and advanced Bitcoiner or cryptocurrency enthusiast.