What is Elastos?
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 greatest goal of Elastos is to make an internet in which the clients won’t require outsiders any longer to watch motion pictures or play diversions. The company needs to be a decentralized platform for decentralized applications (dapps), which will on a P2P plot.
Furthermore, centralized content providers like Spotify, Netflix and Youtube force you to pay for your consumption in the form of monthly subscriptions or viewing ads, and the revenue generated aren’talways fairly divided out to content creators.
How It Works
These are the core problems that Elastos is trying to solve. Elastos is creating a new kind of Internet-using blockchain technology. They are building a network of Dapps that will enable users to exchange digital content peer to peer.
Elastos is taking a unique approach to how users access and exchange content.
They are building a network of Dapps that are powered by blockchain technology but do not have to run on the blockchain itself. Instead, these Dapps will only be accessible via users operating systems (Android, iOS or PC).
In order to make this possible, Elastos is adopting a design philosophy created by Rong Chen, Chairman of Elastos and a former Microsoft employee. Chen’s main goal was to create a platform for applications and services to operate without connecting with the Internet directly.
After ICO, Many Elastos tokens (ELA) was old, the project sells 94,073,200 USD. This is a big amount. Elastos is a project called a huge capital.
Now, the ELA price is about 24USD/ELA.
ELA was listed on Huobi Pro – a top 3 digital exchange in the world. You can trade with ELA by ELA/ETHM ELA/BTC and ELA/USDT.
Sign up in Huobi Pro exchange by this link:
Roi when investor invest about ELA: 3% (BTC), 1.34% (USD), 3.12% (ETH)
On Huobi Talk Insider hosted by Dennis Jacobs, Early Stage Angel Investor and Start-Up advisor, we featured Rong Chen, Chairman of Elastos Foundation who shared on Elastos and their plans and developments for the future, towards a SmartWeb powered by Blockchain.
Watch the video to get more information about this talk:
In this talk, Mr Rong Chen is sharing manything about Blockchain, Blockchain technology, IOT, about the market, Elastos project, development ELA in the future, etc.
I think this multi-tier approach of Elastos in solving fraud, security and censorship will work. Elastos carrier (new peer-to-peer internet), an elastos blockchain for identity, virtual machines that can run all decentralized applications and SDK that would encourage developers to create new Dapps that addresses real-life problems. Great work team Huobi for hosting such useful and informative interviews. We learned a lot and receive incentives too. Awesome.
On talk, Mr Rong Chen also shares the ELA roadmap. You can look it this link below: https://www.elastos.org/en/roadmap/
In the immediate roadmap, many good things that Elastos supply to us:
July, 2018: Large-scale applications and projects which dock financial big data services and medical insurance will begin.
August, 2018: The framework for mobile web applications will be published open source, contributing to elastos’ application ecology.
December, 2018: The mining of Elastos Chain and Elastos ID Chain by external nodes will be open and accessible.
Elastos will be an operating system that is run by distributed nodes. Elastos has three fundamental pillars. First, there is the Elastos runtime which allows developers to build truly distributed apps on the one side and on the other side abstracts away any direct access to the network from the application. This is a key concept to make the network secure. There is no need for concepts such as drivers or sockets, apps are prohibited by design to directly access the network. Network access is managed only by the runtime. Second there is the the Elastos Peer-to-Peer (P2P) Network, a set of P2P protocols that will enable efficient data transfer between distributed nodes, such as video and audio streaming or text messaging. The third pillar is the Elastos Blockchain interface to public and private blockchains. This will allow Elastos computers to access services such as settlement or identify verification on blockchains. We are collaborating with the teams of existing blockchains to have interfaces to their systems.
Elastos is a great project with good Technology platform. Team DEV is a good strong and helps develop the platform of Elastos every day. Elastos is also a horrible project when calling the capital up to 94M $, with a profit of 3. Elatos has good technology and road map in the future, so this is the prime project to invest. We can see ELA's price chart
The ELA highest price is about 80 USDT/ELA. Now, ELA’price is 23USD/ELA. This is a good time to invest.