Hello everyone!

Elastos' video contest is coming

You can join us https://www.ela.top/t/elastos-video-contest/48

Elastos'telegram:

（1）news channel
https://t.me/elastos_org 

（2）Chinese group
https://t.me/elastoscn

（3）English group
https://t.me/elastosgroup

Since the birth of Bitcoin in 2009, the Bitcoin community has developed from only a few geeks at the very beginning to 10s of thousands of global users today through community-based operation globally, and it’s still growing. Its RMB value has also increased from almost 0 yuan to 120000 yuan today.

The block chain technology and the open-sourced, community-based organizational form are both huge challenges to the traditional world. Through the community-based project operation, the users can be recognized and utilized by more people through the project token and in turn profit from that, which motivates every user from the community to fuel the development of the project. The problem of customer acquisition and the high acquisition cost is solved through community-based operation, attracting more people with innovative minds to join what would possibly be a revolutionary wave.

Currently, Elastos, representing the open-sourced, community-based projects, is in the form of a community. Whereas Microsoft, representing the traditional Internet projects, has the form of an enterprise. As the representative of two forms of organization, Elastos and Microsoft will engage in a head-on combat in the foreseeable future. Elastos was chosen to represent community-based projects because it’s the oldest, as well as the latest block chain project. It’s the oldest project because its predecessor has been under development since 2000 with an investment of 200 million yuan from Foxconn. After 17 years of development, it now has 10s of millions lines of codes with 4 million original codes. It’s the latest project because after numerous brainstorms and exchange of ideas, they found that the block chain technology, which has brought Elastos’ window phase, is almost tailor-made for this 17-year-old project. Hence the project was transformed into an open-sourced, community-based project, making it a “new project” in the eyes of those from the digital currency and the block chain field. In addition, as a block-chain-driven operation system, Elastos can be compared with Microsoft, the tycoon of operation systems, in different ways. And both of them are the most basic infrastructures of the Internet. However, although platforms such as Bitcoin and Ethereum have a large amount of community users, they cannot be compared with the existing traditional projects. For the above-mentioned reasons, this article has chosen Elastos and Microsoft for comparison in terms of organizational form without carrying out any technological analysis.

Project Participants

Elastos: global community users (token holders + community contributors)
Microsoft: the entire staff

Although at the early stage, there are only a handful or dozens of people from the core team working on the project, but more hands are needed if one wishes to make the project more influential. In the old days, setting up an enterprise is the only way to develop a project, and even some of them succeed, generally speaking the number is still scarce. Plus, without proper management, an enterprise could easily be overstaffed and inefficient, and have many employees who dislike their jobs, which is also a problem. However, with the community-based development of Bitcoin， people were surprised that this is not only a revolution in the financial and science field, but also an innovation in the organizational form, hence we have ETH’s global ecology, NEO’s smart economy, and the buzz of ICO later on.  But unfortunately, they have seen the glamour of the community-based development but failed to see its soul while still keeping an enterprise-based mindset，or even resort to some cheap-and-nasty profit-driven behavior，which is saddening. However, the state’s regulatory policy came in time for a good cleanout. While after introspection, the wise begins to realize that in a real community culture, investment is only a small part, whereas participating in its building is what it is all about. In community-based projects, people could contribute to two or more projects that they support based on their preference and strength. As long as the project is good enough, the amount of users will grow exponentially over time even if it only relies on spreading it by word of mouth. What’s more interesting is that these users are both consumers and investors for the same.

Overview of the Form of Organization

Enterprise: there are many different forms of organization for enterprises, but one thing that they have in common is that the management structure of an enterprise is hierarchical. Like a pyramid, the higher you go, the less people there will be, and the more power you’ll have, which is why it’s called a “pyramid” organization form or a hierarchical organization form.

Community: the organizational form of a community is initially set up by the founding team, then developed globally with global participation. The community users could participate in the construction of the project equally on technology, market and other aspects based on their strength and interests. All users codetermine the community’s major affairs which are usually voted upon based on the amount of tokens they hold for the community’s projects. The community might have groups or even enterprises within it, but they can only be a point of accumulative power initiated by the users, which is equal to individual users within the community to ensure equal rights for everyone. So the organization form of a community allows universal participation and equal rights.

Profit Model

Elastos： appreciation of tokens with the development of the ecology
Microsoft Windows: sales of software and services.

As for MS Windows, large enterprises would sign corporate treaties with Microsoft to get all MS products as a package by paying Microsoft a handsome license fee to ensure performance and stability. Medium-sized and small enterprises need a large number of Microsoft’s authorized applications, so they have to pay for them as well. Individual users also pay for other Microsoft products. However, Elastos is different. In the Elastos system, the users can use the system for free, but they have to pay for service charge, basic services, digital contents and cash future wealth in the system using ELA tokens. What if you don’t have ELA tokens? Well, you buy them! So Microsoft, a traditional project, makes profit by selling products and services, while Elastos, a community-based project, does that by embedding the basic token——ELA token which would be used to pay for the service charge for warrant transaction, building Dapp applications, buying digital contents, etc. in the operation system. ELA token, whose price is determined by the market, can be bought in the second-tier market. With the development of the project and the increasing demand and liquidity of ELA token, the price will go up, which in turn will increase the profit of the community users. The token is so precious, so what if no one wants to sell it? Well, that concern is totally unnecessary. No business can’t be done with the right price. I consider token as something better than the stock of an enterprise. Having tokens means having a part of the project. Regardless of what the founding team does, the global community can promote the development of the project. As long as the project operates stably, the token will have value. Whereas holding stocks entirely relies on the company. If the company has a problem, then it’s basically game over. So I believe makiing the project community-based and token-based does not mean we don’t serve the tangible economy. Because if we consider projects such as Elastos as not serving the tangible economy, then the enormous Microsoft empire would lose the meaning of its existence.

There will be more community-based projects in the next five years, while the battle of operation systems between Elastos and Microsoft in the near future will fire the first shot of the conflict between these two organizational forms, which would be revolutionary.

Thanks for your comment.

Elastos' team now are making new website 、white paper and road map. I think you will see them soon.

Elastos is globally the first operating system that resolves the issues of high coupling between smart contract and virtual machine on the current blockchain as well as the unachievable function orthogonality. Based on the design philosophy of ‘the orthogonality separation of trust and computation,’ Elastos not only preserves the trustzone functionality on one-dimensional blockchain, but also leads to an increase in N dimensions of smartweb, thus guaranteeing decentralized applications to be able to run on a trustable and secure Internet operating system. Elastos is an open-source software system, the development process of which has been sponsored by industry giants such as Foxconn for more than 200 million RMB. It has opened more than ten million lines of source code, including four million lines of original source code.

Led by Rong Chen, the Elastos project has been developed by a team of hundreds of software developers for many years. It did not stop suffering being unable to have suitable window period (such as Microsoft DOS and Windows) until it met the blockchain and the industrial representatives like Sunny Feng Han.

Blockchain technology enables user ID, website ID and digital asset ID to be tracked on a new Internet; blockchain technology can also artificially create the scarcity of digital asset and lay foundations for a digital smart economy. Bitcoin opened the era of digital tokens. The digital transactions of ‘cash on delivery’ needs not only to confirm the scarcity, but also to obey decentralized running of smart contract.

After tens of discussions between Rong Chen, Sunny Feng Han, Ji-Zhe Xu, Yi-Peng Su and Shi-Jun Song, the consensus has been reached on the mindset that a decentralized automated smart economy requires a secure operating system. Elastos, which is based on the philosophy of ‘the separation of trust and computation,’ is able to go beyond the current blockchain system, represented by Ethereum, where functionalities of smart contract and virtual machine are highly coupled, unblocking development bottleneck of unachievable landing of the one-dimensional blockchain large-scale applications. The higher-level Elastos is capable of achieving secure landing for a large number of decentralized applications (DApp), and increasing N dimensions of smartweb, thus guaranteeing that decentralized applications can be run on a trustable and secure ‘Internet of Wealth.’

Elastos attempts to build a brand new smart special economic zone where Elastos functions as the base token.

people who want to know more about Elastos, can watch this video: https://www.youtube.com/watch?time_continue=7&v=Tb4movhMWi4

Elastos team is working hard to make ico plans，they will announce the ico information as soon as possible.

Updates on Elastos Ecology Building

➢On December 7, Sunny Feng Han, the Elastos cofounder, was invited by the ​The Deloitte Chinese Services Group (CSG) at Deloitte’s New York headquarter (Deloitte Touche Tohmatsu CPA Ltd., one of the big four accounting firms), elaborating on China’s blockchain development and smart economy, and also introducing the project of Elastos powered by blockchain. Deloiltte’s staff expressed an expectation of collaboration with the Elastos project; Members from the Tsinghua Alumni Association of Greater New York also participated in the meeting, expressing their willingness to assist Elastos to do the public offering and promotion.


➢On December 8, Sunny Feng Han attended the evening party of ‘Universal Chinese Miami- Chinese Art Festival,’ introducing blockchain and Elastos, and accepted the interview given by the American Chinese Television LLC.



➢On December 9, Sunny Feng Han, the Elastos cofounder, participated in the special activities of ‘Smart Economy and Blockchain’ in Miami. Han introduced China blockchain industry development situation and the Elastos  project. The Chinese people in Miami showed strong interest in the project, and indicated that the Elastos technology represents the trend of the future smart economy era.


➢On December 10, the Elastos team took part in the theme activities of ‘Digital Asset and Blockchain Economics’ held in Japan. Liang Sun and Hong-Liang Deng from the Japan community introduced the Elastos technology rule planning, the development situation and the upcoming public offering plan, calling people to join the Elastos Japan community. This event of special activities was held by the Japan Association of Digital Asset and the Blockchain Applications, and co-organized by Elastos, Binance and YOYOW etc.



➢Rong Chen (i.e. the Elastos founder), Sunny Feng Han, Ji-Zhe Xu (i.e. the Elastos cofounders) and Fay Li (Chief Marketing Officer at Elastos, Silicon Valley U.S.) conducted the Elastos promotion, exchange, and cooperation around the States. The results are as follows:

    1.Meeting several blockchain foundations and project teams, among which Pantera Capital, Civic, The Bee Token and Chronicled expressed a strong willingness to deep collaboration.

    2.Meeting Peter Fedchenkov, the cofounder and CEO of Ins.world, a decentralized P2P grocery market project. The Ins.world expressed that they wanted to build decentralized DAPP on Elastos public chain and submitted the Letter of Intent to Elastos.

    3.Communicating decentralized cooperation with the Subutai.io team, a U.S. cloud service project. Discussing the feasibilities of promotions of cloud service and secure operating system in South America.

    4.Communicating with the GNOME Foundation and confirming that both parties will mutually promote the development of China free open source community.


Updates on Elastos Technology Development


➢The operation and maintenance team is globally deploying public chain nodes, which include MainNet and TestNet. The beta cycle is estimated to be one year, during which the joining of external nodes is not allowed.


➢The test team is conducting a new cycle of test on Elastos public chain running environment.


➢The operation team has planned the scheme and procedure of Elastos initial currency offerings and position locking. The test team is conducting stimulation tests on public chain running environment.


➢The architecture group and the collaboration team have confirmed the business procedure and design plan for ID service sidechain and authentication service. The project has entered the implementation stage.


➢The architecture group also studied and designed the application framework of carrying H5+JS light-weight DApps on Elastos. Now they are screening the collaboration team.

Team Activities

In November 28 (Pacific Time), the Elastos team met and introduced Elastos to Jed McCaleb, the founder of Stellar and Ripple, creating the possibilities for future cooperation.


In November 29 (Pacific Time), Rong Chen was invited to the Blockchain Expo North America 2017, addressing the speech of ‘A New Internet Operating System.’ The Elastos team carried out initial communications with the companies with potential cooperation opportunities.



In November 29 (Pacific Time), Feng Han and JiZhe Xu accepted the interview given by the Chico Crypto Consultants, an American We Media platform. The video is available at https://www.youtube.com/watch?v=V7JM_7NFsNI (check the part starting at 11:30).


At 18:30, November 29 (Pacific Time), the first Meetup of Elastos, jointly organized with NEO and stellar, was successfully held in Silicon Valley. More than 900 people signed up in one week, and the venue was fully occupied. Rong Chen (i.e., the Elastos founder), HongFei Da (i.e., the NEO founder), and Jed McCaleb (i.e., the Ripple founder) attended the Meetup and did their sharing, which received great responses. (The Meetup video is available athttps://www.youtube.com/watch?v=a37zhEHEJ3w )  


In December 1 (Pacific Time), a small party was held by Elastos, where the NEO team, the stellar team and other friends were invited (viz., the Meetup participants unable to attend, due to the venue limitations, were also included).

In December 1 (Pacific Time), a small party was held by Elastos, where the NEO team, the stellar team and other friends were invited (viz., the Meetup participants unable to attend, due to the venue limitations, were also included).



In December 2 (Pacific Time), Feng Han attended the President’s Breakfast. Han was warmly accepted by President Trump, and granted his prestigious book, Blockchain, The View of Quantum Wealth, to President Trump.


In December 2 (Pacific Time), the Elastos Foundation promoted the ‘Elastos Community System,’ which involves the running plans and the incentive scheme for the Elastos community.

HI,I‘m ceo of 币易网(www.bebtc.com), BEBTC is a p2p cyptocurrency exchange in China.

  How does BEBTC work?

BEBTC is a third party exchange platform for digital currency trading. It can be seen as a “Taobao”, the difference is BEBTC specializes in offering digital currency business, express exchange with no account needed.
BEBTC platform: providing a digital currency exchange store service on the basis of network software services
Exchangers: offer small amount of digital currency fast exchange service to customers.
Users: Use the service from this platform to buy or sell digital currency.

    How to buy Digital Currency (take Bitcoin as an example)?

1. Select one suitable exchanger from the list of exchangers, then go to the exchanger’s store, click Buy Bitcoin on the menu, enter the quantity of Bitcoin you want to buy, email address, and your Bitcoin wallet address. When you click Submit, the system will email you the order summary.
2. Go to your mailbox, find the order summary that BEBTC just sent to you (sometimes in spam), confirm all order details are correct, then transfer RMB to exchanger’s bank account、Wechat or Alipay account. Please make a screenshot for the Transaction page, or keep the transfer stub properly. If dispute happens, you will be asked to provide information for proof.
3. Once the transaction is complete, the Exchanger will quickly process your order, and sends Bitcoin you purchased to your Bitcoin wallet address immediately. 

    How to sell Digital Currency (take Bitcoin as an example)?

1. Select one suitable exchanger from the list of exchangers, then go to the exchanger’s store, click sell Bitcoin on the menu, enter the quantity of Bitcoin you want to sell; then input your bank account number, or Wechat、Alipay account to receive money. When you click Submit, the system will email you the order summary.
2. Go to your mailbox, find the order summary that BEBTC just sent to you (sometimes in spam), confirm all order details are correct, then transfer Bitcoin to exchanger’s Bitcoin address. Please make a screenshot for the transaction page, or keep the transfer stub properly. If dispute happens, you will be asked to provide information for proof.
3. Once the transaction is complete, the Exchanger will quickly process your order, and transfer corresponding RMB (from your Bitcoin sold) to your bank account or Wechat、 Alipay account immediately. 

    Does the platform charge service fee ?

Free, free, and free, repeat important things three times.

    What if the exchanger doesn’t send me Bitcoin after I already payed?

Don’t worry! All exchangers on platform signed a contract with BEBTC, payed secure deposit, and subject to unified management. If the owner fraud occurs, please contact customer service QQ: 2807183483. Tel: 4000-961-360. Once the case is true, we will use that exchanger’s secure deposit to pay the loss of customers. BEBTC will terminate the partnership with that exchanger, and never collaborate again.

    What if BEBTC run away?

BEBTC is based on a small amount exchange store model, direct dealing between both parties, settle each sum of money when each transaction is made. BEBTC platform provides security and guarantee to every transaction. As an exchange platform, the difference to other exchange company is BEBTC doesn’t hold any assets of clients, therefore there is no risk of being hacked.

    Why one type of digital currency has different price on BEBTC?

Price on BEBTC platform is determined by the digital currency exchanger themselves. BEBTC locates itself as small amount and express exchange.

    How to become a currency exchanger and start an alliance business with us?

Any individuals or institutions who want to profit from the sale of any figures can easily join us, and become a bitcoin exchanger on our platform. BEBTC has a long-standing cooperative relationship with exchangers. Submit applications, pay the secure deposit after signing contract with us, you will become an exchanger immediately. BEBTC will provide an exclusive store page for each exchanger, and store owners can promote their own exclusive store page to start bitcoin trading business.