What was the First Product to be Bought with EOT?

Cryptocurrency is becoming more popular as a peer to peer payment system and there is no doubt that adoption will increase over time.


The utility cryptocurrency, EOT, recorded the first sale in December 2017.




How does a payment work – A transfer of funds between two digital wallets is called a transaction and this transaction is submitted to a public ledger called the blockchain where it awaits confirmation.  When a transaction is made, wallets use an encrypted electronic signature to provide a mathematical proof that the transaction is coming from the owner of the wallet.  With EOT, blocks on the blockchain are confirmed every 90 seconds which makes EOT very fast and perfect as a secure payment system.




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What is EOT – Encryption of Things?