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What is Elastos (ELA)?
Elastos aims to be a blockchain-powered version of the internet. The project originated in the year 2000, but the current version based on blockchain technology and actively developed by Elastos was founded in June 2017.
Ethereum and other DApp platforms face limitations in scaling, according to Elastos. Elastos is a platform for decentralized apps (DApps) that claims to solve many of these limitations. With Elastos, you gain full ownership over your digital assets and can run DApps on the Smart Web without accessing the internet. The platform is optimized for mobile and supports network DApps on all operating systems.
Who are the founders of Elastos?
Elastos was founded by Rong Chen, who worked on operating systems at Microsoft Research and later developed his own vision of an operating system designed for the web. Rong Chen is the chairman of the Elastos Foundation. Feng Han, a co-founder of Elastos, is currently the founder of MIT IDE Blockchain Pillar and Foundation.
What makes Elastos unique?
Elastos has four pillars that enable network separation and platform flexibility: blockchain, runtime, carrier, and software development kit (SDK). The blockchain separates app functionality between the main chain and side chains. The runtime allows running DApps outside of the Elastos operating system. The carrier is a peer-to-peer decentralized internet service. The software development kit connects applications to the Smart Web. The elastOS application brings the entire decentralized ecosystem into a single app.
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How many Elastos (ELA) coins are there in circulation?
Elastos has a maximum supply of 28,220,000 ELA coins. The project actively seeks new and existing DApp projects through its Cyber Republic initiative.
How is the Elastos network secured?
The Elastos network ensures security through encrypted and authorized communication using blockchain IDs. Users have control over their data and can choose to sell it or preserve their privacy. The Elastos Runtime provides trusted network communication for DApps, making it a decentralized internet and DApp platform.
Where can you buy Elastos (ELA)?
You can buy ELA on the following exchanges:
Bittrex
Huobi Global
BYDFi
If you are new to cryptocurrency, you can learn more about buying Bitcoin here.
Answers
What Is Elastos (ELA)?
Elastos aims to be a blockchain-powered version of the internet. The project originated in the year 2000, but the current version based on blockchain technology and actively developed by Elastos was founded in June 2017.
Ethereum and other DApp platforms face limitations in scaling, according to Elastos. While they are great for smart contracts, they are slow, inflexible, and inconvenient for full applications. Elastos claims to solve many of these limitations and provides a platform for decentralized apps (DApps).
With Elastos, you gain full ownership over your digital assets, and DApps can run on the Smart Web without accessing the internet. The Smart Web protects users from malware and digital attacks, and the platform is optimized for mobile and supports all operating systems.
Who Are the Founders of Elastos?
Elastos was founded by Rong Chen, who worked on operating systems at Microsoft Research before returning to China to develop his own vision. He was a senior software engineer at Microsoft from 1992 to 2000 and later became the chairman of the Elastos Foundation. Feng Han, a co-founder of Elastos, started as a mentor at Tsinghua University and is currently the founder of MIT IDE Blockchain Pillar and Foundation.
What Makes Elastos Unique?
Elastos has four pillars that enable network separation and platform flexibility: blockchain, runtime, carrier, and software development kit (SDK). The blockchain separates app functionality between the main chain and side chains. The runtime allows running DApps outside of the Elastos operating system. The carrier is a peer-to-peer decentralized internet service, and the SDK connects applications to the Smart Web. The elastOS application brings the entire decentralized ecosystem into a single app.
How Many Elastos (ELA) Coins Are There in Circulation?
Elastos has a maximum supply of 28,220,000 ELA coins. The Cyber Republic initiative actively seeks new and existing DApp projects for Elastos.
How Is the Elastos Network Secured?
The Elastos network ensures security through encrypted and authorized communication using blockchain IDs. Users have control over data processing and access, deciding whether to sell their data or preserve privacy. The Elastos Runtime provides trusted network communication for DApps. Elastos is a decentralized internet and DApp platform designed for user control and improved scalability and flexibility.
Where Can You Buy Elastos (ELA)?
You can purchase ELA on the following exchanges:
Bittrex
Huobi Global
BYDFi
If you are new to cryptocurrency, you can learn more about buying Bitcoin as a starting point.
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