The term “cryptocurrency” has become a quiet popular term in today's world. The advancement of technologies made a virtual kind of currency possible in the digital era of 21st century. Nowadays, cryptocurrency is seen as a vast potential holder for the future times. There are hundreds of start-ups aimed to utilize the potential of cryptocurrency and the underlying Blockchain Technology. These projects intends to solve the real world problems and offer a practical, creative and innovative solution which never existed before. Crypto things have become an essential party of our Internet and digital world. No sector is left untouched. The financial economy is also witnessing noticeable changes accepting the virtual form of currency. It is seen as a more transparent and reliable method due to its decentralised nature and the secure ecosystem offered by Blockchain.

A Cryptos Wallet

Adding the value to the present financial economies accepting the cryptocurrencies, EIB comes with an innovative idea.EIB can be defined as a self-managed financial system which runs on the Ethereum platform. It is based upon Peer to Peer (P2P) trading method.EIB call be thought as an electronic currency which is similar to the real ones except their existence is limited to digital world. This decentralised ecosystem offers highly secure exchange platform too which is empowered by a combination of secure hardware and handheld devices.

How it Works?
EIB is majorly a decentralised ecosystem with no central authority as opposed to centralized platforms. It doesn't require a central host for its operation. It allows its users to invest in this secure financial system and have their profits making the most of their money. They intend to install a Blockchain based system at the back end just Ethereum to have transparency and reliability.

EIB Wallets

EIB comes with four different kinds of wallets for its users. These are as follows:

1.EIB Hardware Wallet
EIB Hardware Wallet is an offline cryptographic device meant to store information. This is not prone to hacking attacks. The individual have to keep them safely in other to avoid chances of theft. In case of loss or damage, the company will re-issue the wallet with all the information registered at the time of issuing.

2.EIB Web Wallet
This wallet is one of the safest and easiest to use. This requires two levels of authentication which includes Google Authenticator and text message or automated. This makes it a lot secure.

3.EIB Desktop Wallet
These wallets are the most secure wallets as they can neither be stolen like hardware wallets nor be hacked like web-based wallets. They are a great option to store cryptocurrency.

4.EIB Mobile Wallet
Nowadays, all the mobile OS offer wallet based mobile applications which make the things a lot easier for the users. They can be used anywhere in the world.

EIB ICO
Before the launch of EIB, it is provided in its Initial Coin Offering(ICO) period by the release of EIB code. The major aim of ICO is to generate awareness among there public regarding the uses and applications of electronic currency on the today's digital era. The ICO is scheduled to start on 17th July 2018. The maximum supply equals 30 Billion EIBs.

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Conclusion
EIB has come with a revolutionary idea to change the financial market scenario. The usage of cryptocurrency by public via different kind of wallets will make the financial sector a lot transparent and secure. The EIB project is going to be soon in its ICO period. Hopefully, we could witness a working model soon.

Website -- https://eib.ai/

Whitepaper -- https://eib.ai/asset/download/eib.ai.whitepaper.v.1.1.pdf

ANN -- https://bitcointalk.org/index.php?topic=4363233.0

Telegram -- https://t.me/EIB_exchange

Published by - karanj

Profile - https://bitcointalk.org/index.php?action=profile;u=1030341