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Elastos

Elastos (ELA)

$ 0.37
-2.23 %
Main info
News
Comments
Markets
Analytics
Market cap
$8.43M
-2.23 %
Volume (24h)
$35.54K
-2.23 %
Circulating supply
22,903,525 ELA
Total supply
26,076,934 ELA
Max. supply
28,219,999 ELA

About Elastos

Vision and Technology

The goal is to create an Internet that allows users to access articles, movies and games directly, without going through a media player or another platform intermediary. Elastos will use blockchain technology to issue IDs for digital content, making it possible to know who owns which digital assets. On the Elastos Internet, filmmakers will know how many times their movies were viewed.

The combination of Elastos and blockchain technology lays the foundation for a trustworthy and secure Internet of Wealth. Elastos will be a platform for decentralized applications (Dapps) that runs on a peer-to-peer network with no centralized control. People can access these Dapps via their mobile phones, without changing their operating system.

The old Internet is a Web of information. If you click a URL, you get data. Elastos is creating a Web of apps. When you click a URL, you get code.

Economic Model

The Elastos Web will be a special economic zone where Elastos tokens function as the base currency.

Key data

updated $0
Market cap$8.43M
Volume 24h$35.54K
Circulating supply22.9M81% of max 28.22M
All-time high$89.14-100% from peak · 2018-02-23

Elastos (ELA) is a blockchain project focused on creating a secure internet infrastructure. It combines blockchain technology with a decentralized operating system to enable a new generation of DApps and digital assets. ELA is its native cryptocurrency used for transactions and network operations.

Frequently asked questions

What is Elastos and how is it different from other blockchains?

Elastos aims to build a decentralized internet by separating apps from the OS, enhancing security. Unlike typical blockchains, it uses a hybrid consensus (PoW + DPoS) and integrates with a unique runtime environment for DApps.

How does Elastos' consensus mechanism work?

Elastos combines Proof of Work (PoW) for security with Delegated Proof of Stake (DPoS) for efficiency. Miners validate transactions via PoW, while DPoS nodes handle governance and scalability.

How is ELA's supply controlled?

ELA has a fixed hard cap of 28,219,999 coins. New coins are issued through mining rewards, with a decreasing emission rate over time to ensure scarcity.

How can I store and use ELA?

ELA can be stored in official wallets like Elastos Essentials or supported hardware wallets. It's used for transactions, staking in DPoS, and accessing Elastos ecosystem services.