Safe sending:

ebox provides a unique solution to a problem in cryptocurrency trading that is as devastating as it is widespread. Accidentally sending funds to a mistyped or mistaken recipient address has already been the cause for hundreds of millions, if not billions, of financial damage. Harnessing the cryptographically unbreakable safety of the underlying Ethereum blockchain, ebox provides a smart contract based digital escrow service to completely alleviate any risk of loss while sending cryptocurrency

Privacy:

Sending funds through ebox disrupts the chain of transparently trackable blockchain transactions, thereby obfuscating their origin and destination. For situations where discretion is required, users have the option of wrapping ebox transactions with an additional layer of privacy, for a small increase in service fee. When using this added privacy feature, both sender and recipient addresses are encrypted locally on users’ computers. No clear-text addresses are ever transmitted into the internet or stored on-chain, and users may remain anonymous to each other. Any attempt to reconstruct added-privacy transactions between ethbox users becomes tremendous effort, if not impossible.

OTC

On top of securing transaction, ebox offers an easy and convient way of trading Ether and ERC-20 tokens. Funds can be sent & requested a single transaction, which may only be fulfilled once both the sending and receiving party have put in their part. This gives users a safe, reliable environment for OTC trading that is immune to any form of fraud or scam. Safeguarded by the ebox smart contract, ebox OTC transactions are guaranteed to take place in the only way that is acceptable, being fair and mutually beneficial for both parties

Users can either deposit funds inside the ebox smart contract (“send”), or retrieve funds that have previously been deposited by another user (“receive”). In order to guarantee that only the designated recipient of a transaction is able to receive the funds, the ebox smart contract takes the recipient’s address (authenticated through MetaMask) as one part of a two-factor authentication.

The other part is a passphrase, that is arbitrarily chosen by the sender of a transaction.

This means that for retrieving funds, the recipient has to be connected to ethbox through MetaMask using the address that was specified by the sender as recipient, and know the correct passphrase.

For all of this to work, the ethbox smart contract has to keep track of what is going on – Who deposited how much, for whom, with what passphrase?

The passphrase part is critical about this, as it can’t be stored in the smart contract in clear-text for obvious reasons, given that any data on any smart contract can be viewed by anyone at any time.

Therefore, the ebox smart contract stores merely the Keccak-256 / SHA-3 hash value of each transaction’s correct passphrase.

Hashing is one of the basic underlying concepts of blockchain technology in general, which implies that the safety and reliability of ethbox goes hand in hand with the blockchain itself, making it just as unbreakable.

Mode of operation Applying this knowledge to how ebox stores transaction passphrases, this means that ebox can validate any passphrase that it is told by a user trying to retrieve funds, without actually knowing what the passphrase is.

In order to retrieve funds, users are required to enter a passphrase, which is then submitted to the ethbox smart contract. The smart contract then computes the hash of that submitted passphrase, and compares it to what it has stored inside its memory, which is the hash of the correct passphrase (but not the actual correct passphrase itself).

Safe sending:

ebox provides a unique solution to a problem in cryptocurrency trading that is as devastating as it is widespread. Accidentally sending funds to a mistyped or mistaken recipient address has already been the cause for hundreds of millions, if not billions, of financial damage. Harnessing the cryptographically unbreakable safety of the underlying Ethereum blockchain, ebox provides a smart contract based digital escrow service to completely alleviate any risk of loss while sending cryptocurrency

Privacy:

Sending funds through ebox disrupts the chain of transparently trackable blockchain transactions, thereby obfuscating their origin and destination. For situations where discretion is required, users have the option of wrapping ebox transactions with an additional layer of privacy, for a small increase in service fee. When using this added privacy feature, both sender and recipient addresses are encrypted locally on users’ computers. No clear-text addresses are ever transmitted into the internet or stored on-chain, and users may remain anonymous to each other. Any attempt to reconstruct added-privacy transactions between ebox users becomes tremendous effort, if not impossible.

OTC

On top of securing transaction, ebox offers an easy and convient way of trading Ether and ERC-20 tokens. Funds can be sent & requested a single transaction, which may only be fulfilled once both the sending and receiving party have put in their part. This gives users a safe, reliable environment for OTC trading that is immune to any form of fraud or scam. Safeguarded by the ebox smart contract, ebox OTC transactions are guaranteed to take place in the only way that is acceptable, being fair and mutually beneficial for both parties

Users can either deposit funds inside the ebox smart contract (“send”), or retrieve funds that have previously been deposited by another user (“receive”). In order to guarantee that only the designated recipient of a transaction is able to receive the funds, the ebox smart contract takes the recipient’s address (authenticated through MetaMask) as one part of a two-factor authentication.

The other part is a passphrase, that is arbitrarily chosen by the sender of a transaction.

This means that for retrieving funds, the recipient has to be connected to ebox through MetaMask using the address that was specified by the sender as recipient, and know the correct passphrase.

For all of this to work, the ebox smart contract has to keep track of what is going on – Who deposited how much, for whom, with what passphrase?

The passphrase part is critical about this, as it can’t be stored in the smart contract in clear-text for obvious reasons, given that any data on any smart contract can be viewed by anyone at any time.

Therefore, the ebox smart contract stores merely the Keccak-256 / SHA-3 hash value of each transaction’s correct passphrase.

Hashing is one of the basic underlying concepts of blockchain technology in general, which implies that the safety and reliability of ebox goes hand in hand with the blockchain itself, making it just as unbreakable.

Mode of operation Applying this knowledge to how ebox stores transaction passphrases, this means that ebox can validate any passphrase that it is told by a user trying to retrieve funds, without actually knowing what the passphrase is.

In order to retrieve funds, users are required to enter a passphrase, which is then submitted to the ebox smart contract. The smart contract then computes the hash of that submitted passphrase, and compares it to what it has stored inside its memory, which is the hash of the correct passphrase (but not the actual correct passphrase itself).

ebox was founded by Lukas Schiefer, Lukas Pratschner, and Paul Simode, who knew each other for more than 15 years before starting the project. Together, they bring decades of experience and activity in the crypto space as well as knowledge in different areas.

Lukas Schiefer studied renewable energy at University of Applied Sciences in Vienna and has been a community manager in crypto for several platforms, as well as a long-term evangelist of the industry.

Lukas Pratschner is an experienced cryptocurrency angel investor and researcher who has been active in the community for a big part of its history. He has worked in different areas like chemical process engineering and laboratory technology, as well as in certification, auditing, and inspection.

Lastly, Paul Simode has been interested in technology since he was a kid, using C/C++ and Assembly languages in his incursions in cybersecurity. He is a software developer who is in charge of the technical aspects of Ebox.

The all-time high of EBOX was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of ebox (EBOX) is 0. The current price of EBOX is down 0% from its all-time high.

As of , there is currently 0 EBOX in circulation. EBOX has a maximum supply of 65.00M.

The current market cap of EBOX is 0. It is calculated by multiplying the current supply of EBOX by its real-time market price of 0.

The all-time low of EBOX was 0 , from which the coin is now up 0%. The all-time low price of ebox (EBOX) is 0. The current price of EBOX is up 0% from its all-time low.

ebox (EBOX) has a market capitalization of $0 and is ranked #6782 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze ebox (EBOX) price trends and patterns to find the best time to purchase EBOX.