What is the Elastos?
Elastos is a company that is building a new internet generation by using their technology, in which people will actually own their property and will generate real profits from these assets. Although there are now a lot of e-books, video games and products like this but people don't really own them. They only own the right to use this product
The biggest goal of the Elastos is creating an internet network, with this Internet users will not need a third party when you want to watch movies or play games. The company wants to become a decentralized platform for distributed applications (dapps), based on a plan of P2P.
If the Internet today specializes in data access, then the Elastos wanted to help create a network to the internet, all related to the exchange of the P2P application. When you click the URL of a web page, you will receive the code instead of data and code will be run directly on your computer at home. This will be the base of the Elastos Web.
Elastos is an open source project sponsored by the power company as TD-SCDMA Industrial Alliance, Foxconn Group and Tsinghua Science Park.
ELA are traded on the Huobi Pro with ELA/USDT, ELA/BTC, ELA/ETH.
Market Cap is $130 million, trading volume is $7 million.
Interview with Rong Chen, Chairman of Elastos
July 2nd Huobi Talk had an interview with Mr.Rong Chen, Chairman of Elastos, Interview video here.
In this interview Mr. Rong Chen explained to everyone better understand the term IOT as well as IOT technology, I believe many of you misunderstand the IOT technology.
He also shared the meaning of the internet, the benefits and the harm of the internet. And that requires a change and the application of blockchain technology to the internet pure.
He shared knowledge of blockchain, the application of blockchain in life as well as in science was also introduced. Application in many areas such as security, connection, entertainment, ..etc.
This is really a meaningful interview, if you are interested in the field of cryptocurrencies as well as blockchain technology take the time to see it.
Immediate roadmap of Elastos
On July 1, 2018 Elastos achieved a major milestone in its ongoing development. They announce that they have successfully upgraded our main chain to support the release of the first Elastos ID Sidechain.
The Elastos Ecosystem employs the main chain — sidechain infrastructure, and the release of the first sidechain signifies the beginning of a vast deployment of new sidechains all with unique and varied purposes. The ID Sidechain is merely the first, yet it is an integral part of the ecosystem because it will enable universal trust for the new internet that Elastos is creating.
The ID Sidechain, like its main chain counterpart, will also be merged mined with Bitcoin, allowing it to receive the same secure hashpower. Bitcoin miners will be able to use their equipment to not only secure the Bitcoin blockchain, but also the Elastos main chain and Elastos ID Sidechain. All future sidechains built on Elastos will also be given the option to employ the same PoW mechanism as Bitcoin, which will allow them to also be merge mined with the Elastos main chain and Bitcoin, and secure the potentially thousands of applications that will run off of these sidechains. Miners will be given a small transaction fee in ELA for securing all sidechains that are merged mined with the Elastos Main Chain.
immediate plan, Elastos will have the next plan as in the video Mr.Rong Chen has shared.
- Airdrop programs of Elastos ecosystem
- The development plan for the decentralized gaming platform
- Development of IOT technology
- The idea of creating devices using natural energy helps protect the green environment
Personal opinion about the project
This is really a great project, it was developed by an experienced and well-known group in the blockchain industry. It achieved remarkable milestones, They also point out clear plans for future development.
Don't forget that ELA is being traded on Huobi Pro
It is my personal ideas about the ELA project, I do not take any responsibility for your investment. Be careful when investing.
Huobi Talk contest
From now till Monday, 9 July, 3pm (GMT+8), watch and share Huobi Talk Insider interview with Rong Chen, Chairman of Elastos Foundation and stand to share the prize pool of up to 215.25 ELA worth over 4,460 USDT.
Follow these 3 steps to participate:
Step 1: Subscribe to Huobi Pro on Youtube
Step 2: Simply share the interview feature by clicking the Youtube “share button” above on Twitter, Facebook and Reddit, together with your reflection, thoughts and summary on the feature. Remember to hashtag #HuobiTalk so that we can track who are the top 3 sharers from each platform!
Step 3: Input your particulars and details in the google form - https://goo.gl/forms/zoY36kQ9IMavMFeE2
The top 3 sharers from Facebook (most number of shares), Twitter (most number of RTs) and top 3 Reddit posters (most number of comments) will share the prize pool of 86.10 ELA – meaning the top 3 sharers from each platform will walk away with 6.37 ELA worth over 198 USDT each!
What’s more – ALL participants who share the interview feature will get to share the participation prize pool of 129.15 ELA worth over 2,678 USDT! Each person will earn tokens split proportionally to the credit pool. (E.g. you share on 3 platforms and get 3 credits. Total pool from this activity was 30 credits from participants. You get 3/30 = 10% of the prize pool )
Winners will be announced within 3 working days after the end of the campaign on Monday, 9 July, 3pm (GMT+8) on Huobi Pro Medium and social media channels. Stay tuned!
Remember to subscribe to Huobi Pro on Youtube for more exclusive interviews with projects and exciting campaigns!
Disclaimer: Huobi Pro reserves the right to disqualify any entries that do not meet the rules and regulations of the “Share and Win” campaign. These include entries submitted with invalid or incorrect information. Huobi Pro and the featured project reserves the right to revise the terms and conditions or withdraw promotion at own discretion and has the final say in case of dispute.