What is Elastos?
Elastos is the safe and reliable internet of the future. Built utilizing the blockchain, this technological breakthrough provides the first completely safe environment on the web where decentralized applications are detached from the internet while also permitting full scalability to millions of users. Elastos enables the generation of wealth through ownership and exchange of your data and digital assets.
Elastos has a rich history:
- In 2000, Rong Chen, A Senior Alumnus of Tsinghua University’s Computer Science Department, left Microsoft after almost ten years of work on their operating systems, and returned to China to begin research and development on the first-generation Elastos network operating system.
- In 2003, Rong Chen was received by Jin-Tao Hu, the former CPC General Secretary.
- In 2013, Foxconn made an investment in the Elastos Operating System open-source software project.
- In 2017, Sunny Feng Han and Jihan Wu started the Bitcoin Investment Elastos Blockchain Community and founded the G3 with Bitmain, NEO, and Elastos.
- In 2017, the Elastos Blockchain community received a global digital token investment worth 600 million RMB.
The blockchain structure of Elastos allows for merged mining with Bitcoin. This relationship ensures safety and reliability due to the Proof of Work computing power of Bitcoin. Built with main and side chains, Elastos avoids issues of main chain overload and congestion and increases the possibility of Elastos becoming the basis for future internet applications.
The business model of Elastos is highlighted below:
- Provide large blockchain applications with a secure running environment.
- Longevity of digital content through numerous uses.
- Big data and digital content will be able to identify ownership on the blockchain.
- Wealth generation through the exchange of tokens traded legally on the blockchain.
- Usage of ELA tokens to register IDs for purchase of items such as DApps, digital products, and cloud storage.
- Scarcity creation through limiting the fixed amount of digital assets.
Elastos = Trustworthy Ledger + Smart Contracts + Monetizable Dapps and Digital Assets
Welcome to the new Smart Web, where safety and economic distribution can flourish on the internet.