Elastos aspires to create a blockchain-powered internet. The idea dates back to the year 2000; however, the current version, which is based on blockchain technology and has been under active development by Elastos since June of 2017, was created in June of 2017.
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RongChen merged his network operating system with block chain technology in 2017 to build Elastos: an internet infrastructure that enables total decentralisation, ownership, and security of all data by making data identifiable-and hence rare. For the first time in the history of the internet, not only may intellectual property rights be granted to every user on the planet, but the communication method can be totally peer-to-peer, safe, and decentralised. Users will own their own data, store it, manage how many copies of their own data exist, and monetize it, all while keeping it safe.
The project’s developers legitimately believe that Ethereum, as well as DApp platforms, suffer scalability restrictions. According to Elastos, while they are excellent for smart contracts, they are sluggish, inflexible, and cumbersome for comprehensive applications. Elastos is a platform for decentralised programmes, or DApps, that claims to address several of these issues.
Aside from gaining complete control of your digital assets, Elastos does not require you to connect to the internet in order to run DApps. The Smart Web will be the platform for all DApps. The Smart Web concept is to safeguard you against malware and other digital threats that expose you to data theft. The platform is well designed for mobile, and network DApps may be executed on any operating system.
When it comes to Elastos’ creators, the project began in the year 2000, when founder Rong Chen was working on operating systems at Microsoft Research. He returned to China to work on his own idea, an operating system for the entire internet.
Rong Chen worked as a senior software engineer at Microsoft from 1992 to 2000, following which he formed and served as the CTO of Kortide (Beijing), becoming the company’s chairman and CEO in 2003. He was appointed chairman of the Elastos Foundation in 2017.
Rong then collaborated with Elastos co-founder Feng Han to add blockchain and finish his idea once blockchain emerged as a breakthrough technology in 2017.
Feng Han began his career as a mentor at Tsinghua University before becoming the principal of the Yuncol School. He co-founded Elastos in 2017 and is presently the creator of MIT IDE Blockchain Pillar and Foundation.
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Elastos is built around four pillars that allow for network isolation as well as platform flexibility. There are four of them: blockchain, runtime, carrier, and software development kit (SDK).
For each particular application, the blockchain divides app functionality across the main chain and secondary chains.
The runtime allows you to execute DApps outside of the Elastos operating system entirely.
The carrier is a decentralised peer-to-peer internet service that allows you to rent out your processing power and storage to other users.
The software development kit links programmes to the Smart Web, which is useful for non-Elastos applications.
The elastOS app encapsulates the complete decentralised ecosystem in a single app.
The Elastos Smartweb’s main product encapsulates the whole decentralised ecosystem in a single application.
Currently, you are able to purchase ELA at the following exchanges:
In terms of security on the Elastos network, every network communication is encrypted and approved by blockchain IDs. These IDs, in turn, govern how data is handled and who has access to it. Only the users may decide whether to sell their data or keep their privacy under this arrangement. DApps are supplied with trustworthy network connectivity via a combination of the Elastos Runtime.
The maximum quantity of Elastos coins is 28,220,000 ELA coins.
Remember that Elastos is actively looking for both new and current DApp projects as part of its Cyber Republic strategy.
Elastos Official website –https://elastos.org/
Elastos Twitter – https://twitter.com/ElastosInfo
Elastos Reddit –https://reddit.com/r/Elastos
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