Ethbox is a smart contract-based digital escrow for transferring Ether (ETH) securely and easily on the Ethereum Blockchain. The project’s development was the result of feedback from crypto users who lost funds due to transaction errors and other types of issues.
The inception of Cryptocurrency and Blockchain Technology with Bitcoin’s launch in 2009 opened the world to developers and users to whole new possibilities by removing the need for trust from applications that had historically required it.
This trustless trait of the technologies was possible not only due to the decentralization they provided but also because of the security, transparency, and accessibility they brought to the table to allow whole communities to participate.
What is Ethbox?
Unlike other projects that offer similar features, Ethbox is intended to be used by those looking to perform large and small transactions alike with ETH or any other ERC-20-compliant tokens.
The platform not only limits itself to facilitating transactions to prevent errors but also offers staking and revenue sharing features that allow users to generate passive income and gain governance rights over the platform, further improving their experience in the crypto space.
While the crypto ecosystem has continued to evolve and grow in popularity ever since, adding millions of new users and billions of dollars in market capitalization, there are still many barriers preventing it from achieving mass adoption.
Solving Usability Issues
One of the biggest barriers for new investors is not only the level of abstraction and technical knowledge required to understand how blockchain and crypto work (most people don’t need to know how money works to use it, after all) but the usability issues that most platforms present.
From using basic functions as sending and receiving digital assets, investors find themselves having to understand multiple new concepts and choosing from a myriad of options like network,…