ELA (Elastos) - Elastos is the building the first internet operating system that uses the internet as the base-layer infrastructure rather than an application, where Dapps will be able to run on a peer-to-peer network without centralized control. As a result, application programs are unable to access the network, which eliminates most viruses and attacks (especially DDoS attacks) on the internet. The team’s thinking is that network communication should be separated from application computing. Because Elastos is building an entire operating system, the final product will be a decentralized, open source, blockchain-driven platform with a robust economic infrastructure. On Elastos, running decentralized applications and turning digital content into transferable assets will be possible, and ELA tokens will serve as the base currency with a variety of crucial utilities. For instance, projects that are built on Elastos will distribute 20% of their token to the Elastos Foundation, and the remaining 80% will be airdropped to ELA holders for free.
The Elastos project really began in 2000, when Rong Chen left Microsoft to build the world’s first internet operating system. Since then, the project has received funding from Foxconn and recently formed China’s ‘G3’ alliance alongside NEO(China’s largest crypto project) and Bitmain(largest blockchain mining company in China). With China’s growing commitment to embrace blockchain technologies and cryptocurrencies, Elastos is clearly a project of massive scale. ELA has remained relatively under the radar until recently, and currently trades on just one exchange (Huboi) at $76.69. This week, It looks like ELA is going to win the Binance Community Coin of the Month vote, which would be a big listing for the project. Regardless, the future looks bright for Elastos!
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