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.
