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Elastos

ELA

  • Layer1
  • Infra
Established Year
2017
Headquarter
Chinese Mainland
Operating Status
Active
Elastos is creating the next-generation infrastructure for the modern internet, enabling full decentralization, security, monetization, and ownership of user data and privacy through leveraging the unique features of blockchain technology. It provides developers with the necessary tools to build and deploy open source SmartWeb dApps that can function as peer-to-peer networks, decentralized data storage services, and decentralized identity solutions for users on a global scale.

Frequently Asked Questions

What Is Elastos (ELA)?

Elastos aims to be a blockchain-powered version of the internet. The project originates all the way back to the year 2000; however, the current version that is based on blockchain technology and has been in active development by Elastos was founded in June of 2017. The team behind the project genuinely believe that Ethereum, as well as DApp platforms, face limitations in scaling. While they are great for smart contracts, they are slow, not flexible at all, and inconvenient for full applications, according to Elastos. Elastos is a platform for decentralized apps, or DApps for short, that claims to solve many of these limitations. With Elastos, aside from the fact that you gain full ownership over your digital assets, you do not have to access the internet in order to run DApps. All DApps will run on the Smart Web. The idea behind this Smart Web is to protect you from malware and other digital attacks that expose you to data theft. The platform is extremely optimized for mobile and you can run network DApps on every operating system out there.