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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 exploitation by Elastos was founded in June of 2017. The team behind the project truly believe that Ethereum, adenine well as DApp platforms, boldness limitations in scale. While they are great for smart contracts, they are slow, not flexible at all, and inconvenient for broad 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, away from the fact that you gain wide ownership over your digital assets, you do not have to entree 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 early digital attacks that expose you to data larceny. The platform is highly optimized for mobile and you can run network DApps on every operate system out there .

Who Are the Founders of Elastos?

When it comes to the founders of Elastos, the project originated in the year 2000 when collapse Rong Chen worked on operational systems at Microsoft Research. He returned to China to develop his own vision, an manoeuver system designed for the integral web.

Rong Chen was a senior software engineer at Microsoft from 1992 to 2000, after which he founded and was the CTO of Kortide ( Beijing ), and became the chair and CEO at Kortide in 2003. In 2017, he became the chair of the Elastos Foundation. late on, when blockchain emerged as a revolutionary engineering in 2017, Rong coordinated with Elastos co-founder Feng Han to incorporate blockchain and complete his vision. Feng Han started out as a mentor at the Tsinghua University, after which he was the principal at the Yuncol School. In 2017 he became the co-founder of Elastos and is presently the fall through of MIT IDE Blockchain Pillar and Foundation .

What Makes Elastos Unique?

Elastos has four pillars that enable network separation arsenic well as chopine flexibility. These are blockchain, runtime, carrier and software development kit or SDK. The blockchain separates app functionality between the main chain and side chains for each person application. The runtime gives you the flexibility to run DApps outside of the Elastos operating system all-together. The carrier wave is a peer-to-peer decentralize internet military service where you are able to rent out your computational power and storage to early users. The software exploitation kit connects applications to the Smart Web that is beneficial to non-Elastos applications. The elastOS application brings the entire decentralized ecosystem into an App. This flagship merchandise of the Elastos Smartweb has the stallion decentralize ecosystem into a individual application.

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How Many Elastos (ELA) Coins Are There in Circulation?

Elastos has a maximal provide of 28,220,000 ELA coins. Keep in mind that Elastos is actively searching for both new and existing DApp projects throughout its Cyber Republic first step .

How Is the Elastos Network Secured?

When it comes to the security on the Elastos network, all of the communication on the network is encrypted and authorized by blockchain IDs. These IDs in turn determine how the datum is processed and who has entree to it. Through this system, only the users can choose if they want to sell their data or preserve their privacy. Through a combination of the Elastos Runtime, DApps are provided with trust network communication. This means that Elastos is a decentralize internet and DApp platform that gives you, the drug user, complete control over your digital assets. It ‘s intended to improve the scalability and flexibility issues of early networks as-well, while it is explicitly built for DApp performance .

Where Can You Buy Elastos (ELA)?

presently, you are able to purchase ELA at the following exchanges : Bittrex

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reference : https://ontopwiki.com
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