EOT Wallet signs up 6000 users in record time

New wallet provider, EOTwallet.com has hit the Crypto road running with more than 6 000 users signed up in the first few days of launch.   Currently, the service offers a Bitcoin and EOT wallet with an easy to use client interface. There is also a shop for easy EOT purchases. The site also hosts an interactive chat where users can discuss all things Crypto.     Revenge of the Faucet   The most popular feature of EOTwallet.com has been the EOT Faucet, it has been so popular in fact…

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What is the EOT Blockchain?

The EOT Blockchain is an immutable record of all EOT transactions, stored on a network of computers thus creating a distributed ledger of all transactions.     How Does the EOT Blockchain Work? When EOT started a first version of the record in the ledger was created and stored in what is block 1 or otherwise known as the Genesis block.   All information on the blockchain are stored in files which are encrypted, in the world of cryptocurrency, these files are known as wallets.   Every file/wallet has an…

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Security and Hacking concerns for IoT Devices

In a recent interview with CNBC, Sen. Mark Warner voiced concerns regarding the security of devices connected to the internet, know as IoT.       “The challenge has been so far is the devices makers on the higher end are happy to help, but if somebody is selling a cheap appliance or a cheap sensor and it costs $10 or $15, they don’t want to spend the extra $0.15 or $1 to put in basic security,” Warner said to CNBC.      This is a real concern as Gartner…

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Amazon will soon be ringing your doorbell

Amazon recently announced that is acquiring Ring, a startup that specializes in smart-camera-equipped doorbells for homes.     It is reported that Amazon will pay more than $1 Billion for Ring.   Ring’s doorbells are equipped with cameras and audio equipment, and they can easily work with voice-enabled smart-home devices to add to that experience and take it to the next level. You can chat with people at your front door remotely.   Amazon CEO Jeff Bezos hinted at acquisitions like this one in the company’s most recent earnings release.…

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How to Hack Bitcoin

  Bitcoin users are quick to point out that Bitcoin cannot be hacked but the sad fact is that millions of dollars worth of bitcoins have been stolen by hackers over the last few years and the problem is on the increase.   Recently $64 Million worth of Bitcoin was stolen from Slovenian mining operation, Nicehash. Full story – https://www.theguardian.com/technology/2017/dec/07/bitcoin-64m-cryptocurrency-stolen-hack-attack-marketplace-nicehash-passwords   What are the most popular ways to hack Bitcoin?   Stealing Private Keys; The first thing to understand is that no one really owns a Bitcoin. The public bitcoin ledger system,…

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EOT makes Agriculture Smarter

Can EOT make that Apple a day fresher?  Did you know that an Apple can be more than 9 months old when you buy it in a supermarket?  And how do you know the orchard, where the apples are picked, treat their workers fairly? These and many more questions can be answered by what is now called Smart Agriculture.     Let’s see How IoT devices, EOT and Blockchain can help making Agriculture smarter.     Smart Devices measuring the optimum time to pick that apple: The IoT industry is currently producing a…

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BitVault®, the Secret Sauce… Dynamic Key Creation

  We take a look inside the BitVault®, the world’s first blockchain smartphone, and crypto-communicator. Let’s look at one of the most interesting features of the BitVault®     Dynamic Key Creation: One of the vulnerabilities of devices that facilitate encryption is the storage of private keys. Once these devices get hacked, the keys are exposed. The BitVault® eliminates this risk with the process of “dynamic key creation” – with this process the keys are never stored on the device or anywhere else for that matter.   So how does dynamic…

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