Encryption of Things Overview

EOT is a cryptocurrency and an encryption process. Transactions take place between users directly without the interference of any third party and are done through a P2P network. These transactions are recorded and verified in a public ledger every 90 seconds and this time duration has no bearing on how often data is encrypted, only recorded within the Blockchain. As EOT is decentralized, it does not belong to any person, business or country and is open source. It is also deflationary due to capped volume, and no more than 200,000,000 EOT will be created.

It is specifically developed for use in the “Encryption of Things” (IoT) through the process whereby physical items, which are linked to the Internet, are being safeguarded against intrusion by the use of cryptography. (EOT) Encryption of Things was distributed on January 7th, 2017 and operates independently of a central bank or single administration. It is a mineable decentralized cryptocurrency, using the Scrypt algorithm. To keep updated with Encryption of Things, they can be found on Twitter, Facebook and YouTube.