Elastos ELA

$6.93
Market Cap $ 53.379 MM (#99)
24h Volume $ 4.330 MM
Chg. 24h: 2.28%
Algo. score 3.8/5  (#74)
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Elastos project purpose and description

Elastos clarity of purpose

Elastos purpose and aspects

Elastos is the world's first Internet operating system focusing on decentralizing Internet using blockchain. elastos uses the Internet as the base-layer infrastructure rather than as an application, and emphasizes that network communications should be separated from application computing. It also prohibits apps from directly accessing the network so as to prevent malicious attacks.

Elastos additional differentiation against competition

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Elastos categories

PlatformBuild dappsSmart contracts

Short description

elastos is the world's first Internet operating system focusing on decentralizing Internet using blockchain. elastos uses the Internet as the base-layer infrastructure rather than as an application, and emphasizes that network communications should be separated from application computing. It also prohibits apps from directly accessing the network so as to prevent malicious attacks.

Abstract

Elastos aims to create a new kind of Internet, powered by blockchain technology. On this new Internet, people will be able to own digital assets and generate wealth from them.Today, there is a seemingly infinite supply of digital books, movies, music and games. But people do not necessarily own their digital property. You can purchase a digital book, for example, but you can’t sell it to anyone else. So, do you really own it? Elastos wants to make digital assets scarce, identifiable and tradable. Property rights pave the way for wealth creation, and Elastos intends to build a new World Wide Web that respects those rights. The goal is to create an Internet that allows users to access articles, movies and games directly, without going through a media player or another platform intermediary. Elastos will use blockchain technology to issue IDs for digital content, making it possible to know who owns which digital assets. On the Elastos Internet, filmmakers will know how many times their movies were viewed. The combination of Elastos and blockchain technology lays the foundation for a trustworthy and secure Internet of Wealth. Elastos will be a platform for decentralized applications (Dapps) that runs on a peer-to-peer network with no centralized control. People can access these Dapps via their mobile phones, without changing their operating system. The old Internet is a Web of information. If you click a URL, you get data. Elastos is creating a Web of apps. When you click a URL, you get code. The Elastos Web will be a special economic zone where Elastos tokens function as the base currency. Elastos is open-source software whose development process has been sponsored by industry giants such as the Tsinghua Science Park, the TD-SCDMA Industrial Alliance and the Foxconn Group for more than 200 million RMB. Elastos has published more than ten million lines of source code, including four million lines of original source code.

Link to Roadmap: https://www.elastos.org/en/roadmap/
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