The new EBO Ethereum Crypto Wallet represents an open finance solution that brings self-serving Ethereum token holders a one-stop shop for many of their crypto transaction processes.
Starting this month, mobile app users will be able to enter and exit crypto positions quickly and effectively, with a winning user experience interface pioneered by a firm with an established track record in blockchain resource design. EBO’s new Apple App Store offering is meant to be in the words of company leaders, “open, accessible, and reliable” and a way to accommodate more robust peer-to-peer transaction potential.
EBO Ethereum Crypto Wallet: The Origin Story
The driving motivation for creating the EBO Ethereum Crypto Wallet app is based on the existing Etherblockchain.io community website, which works as a clearinghouse for various kinds of Ethereum token market data, and other community resources that promote mass adoption of Ethereum-based assets. This specific trader community can gain a lot from consolidating relevant knowledge, keeping track of the newest changes in the crypto world, and better understanding the work of national governments and other stakeholders in evolving aspects of fintech.
At the Etherblockchain, you’ll find not only narratives around the many uses of the Ethereum smart contracts, but also information on takes by Ethereum co-founder Vitalik Buterin and others. Exchange functionality allows users to get involved with ETH transactions and setups as well as other forays into cryptocurrency territory.
Why ETH Blockchains?
The premise of tools like the EBO ETH wallet is that traders are getting interested in Ethereum-based tokens and blockchain assets as a popular option in today’s new decentralized finance world. In any sort of fintech project of this nature, there’s a need to choose a platform, and ETH represents one of the front-runners, along with Bitcoin and Ripple (XRP).
One of the best ways to explain this is to contrast how Ethereum works with the larger and more prominent Bitcoin blockchain community, and to look at how both of these digital assets move in the financial markets.
Bitcoin is the household name in cryptocurrency. Its ability to represent consensus-based decentralized transactions has led many previously unfamiliar users into the world of cryptocurrency
However, Bitcoin has its own market realities including a high per-coin price that’s hovering right now around $9300 per coin, and corresponding volatility. As BTC reached $20,000, traders were giddy – but now that it’s under $10,000, the problematic nature of that volatility is evident.
By contrast, Ethereum’s digital asset value, which remains under $200 per coin, corresponds to a more obscure coin history (albeit one that experiences less volatility at points) and a method and network that’s less familiar to many traders than Bitcoin is. For example, we see Bitcoin ATMs on the street, but not so many Ethereum machines.
One of the central benefits of using ETH-based systems is the proprietary smart contract designs built into Ethereum transactions. In many senses, these are similar to established decentralized and consensus based Bitcoin blockchain transaction methods, but there are some differences as well. The smart contracts include features that allow for the establishment of those trust-based verifications that will allow blockchain tool users to bypass the kinds of conventional verification inherent in methods like Paypal, Stripe or others, or traditional banking systems.
New Wallet Functionality
The EBO Ethereum Crypto Wallet will give Ethereum traders responsive design. With single click positioning, this new mobile application builds on in the track record of other parts of the EPO ecosystem like the chrome browser resource that integrates Ethereum work into the context of a commonly familiar Internet browser, and all of the resources and tools already available at the website.
Think of the EBO Ethereum Crypto Wallet as a new self-service option for those navigating an exchange to handle their digital holdings. The powerful new self-service models brought by the EBO Ethereum Crypto Wallet and similar tools will enable tomorrow’s traders to do even more with automatic trust systems and the transparent nature of blockchain transactions, without going through traditional banking middlemen, or racking up fees, or dealing with some sorts of financial bottlenecks. All of this, with no custody of user funds, means taking advantage of a full-stack toolset for getting into crypto and trading actively with simplicity and total control.