Website -
https://www.elastos.org/Twitter -
https://twitter.com/Elastos_orgCoinmarketcap -
https://coinmarketcap.com/currencies/elastos/The project was founded in 2000 by Rong Chen and recently made a breakthrough in the blockchain industry.
What is Elastos?
The project is aimed at creating a new Internet based on blockchain technology. In this new Internet, among other things, people will have the opportunity to own and earn digital assets. Today, it would seem, there is an endless series of digital books, movies, music, games, etc. But people do not have to own their digital property. Yes, you can purchase, for example, an e-book, but you can not sell it to anyone. So do you own it? Elastos aims to make digital assets personal, scarce, and enable them to trade. Property rights are expensive, and Elastos intends to build a new World Wide Web that respects them.
We all know that Bitcoin is a reliable, secure account book for all members and transactions of your network. Ethereum, in addition, provided the opportunity to create Smart Contracts, opening new horizons. Elastos to all this adds a huge world of monetized dApps and digital assets.
Partners and sponsors of Elastos:
1. Foxconn is the world leader in the manufacture of electronic components, among others the Apple hardware manufacturer. It is one of the ten largest companies in the world with a staff of more than 1 million people. He invested $ 31 million in R & D Elastos.
2. SAIC Motor - the largest automaker in China, the official partner of Elastos, uses their blocking technologies in the development of autonomous driving and smart cars, the market value of which is estimated to be worth trillions of dollars in the next 5 years.
3. AVIC is a state-owned air company, part of China's military-industrial complex, part of the Fortune 500. It is extremely interested in creating dApps in the Elastos network.
4. Alibaba and Huawei have repeatedly cooperated with the project.
5. Zapya (p2p file sharing app with 400 million users) took on the mission to become the first superstructure of Elastos. The owner of Zapya is a good friend of Rong Chen, and he knows how much effort has been invested in the project for 17 years!
What is G3?
Da Hongfei of NEO and Jihan Wu of Bitmain were early investors and advisors of Elastos. According to the statements, Jihan Wu, for his part, intends to redirect the computing power from the Bitcoin mining to Elastos.
G3 is a collaboration between NEO, Elasos and Bitmain, separating their visions of a decentralized economy and smart web. The key feature of the latter is the virtual machine, runtime environments and trust zone provided by Elastos and Bitmain, and working on the NEO consensus using the Ontology KYC service.
How is the ELA token used?
The system has a limited stock of ever released tokens of 33 million. ELA holders will receive airdrops of all coins created in the Elastos ecosystem, which can be considered a "tasty acquisition".
Any token made on Elastos will be required to enclose 2-5% of its total supply in the ELA. This is very promising, considering such future dApps as Zapya with 400 million users, and so on. Huawei, Alibaba, unnamed until the giant gaming industry, and, of course, future partners. All of them will create their own tokens on Elastos or use ELA for transactions, not to mention the creation of various digital assets on Elastos.
The main competitor of Elastos:
EOS calls itself OC, while it took less time to develop it than to develop Elastos (17 years). In addition, EOS depends on its own blockchain, so no matter how optimized it is, the EOS bandwidth will be limited. Elastos can unlimitedly expand its bandwidth through the ability to connect the core network with a third-party network.
Road map for 2018:
January 2018. Development and strategic cooperation with small companies in the production of mobile web applications.
February 2018. The publication of Elastos Carrier is freely available. Completion of development and testing of Elastos ID.
March 2018. Creation of Elastos Capital, which is aimed at supporting projects on the Elastos detachment.
April 2018. Support for smart contracts.
June 2018. The publication of the beta version of Elastos ID is freely available.
August of 2018. Creation of the first mobile applications + introduction of airdrop.
December 2018. The beginning of mining. The full version of Elastos ID starts.
The project team:
https://www.elastos.org/team/Conclusion:
This is a powerful project with a development history of 17 years. Perhaps the biggest crypt project with a brilliant future, which no one has heard of. Excluding advertising on Times Square. Elastos was invisible, but this is about to change.
At present, ELA is traded on the stock exchange. Take a long time uniquely!
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