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Elastos is a decentralized blockchain aiming to build a secure, scalable internet with dApps support, combining PoW and DPoS consensus, emphasizing data ownership, and utilizing a unique model to protect digital assets.
Elastos is a decentralized, open-source blockchain project aimed at creating a secure and scalable internet infrastructure. Leveraging blockchain technology, it ensures data ownership, scalability, and security, enabling decentralized applications (dApps) within a reliable ecosystem. Utilizing a hybrid consensus mechanism combining PoW and DPoS, Elastos guarantees security and efficiency. Its key components include the Elastos SmartWeb, carrier nodes for decentralized communication, and a runtime environment for dApps compatible with mobile and PC platforms. Launched in 2017 and trading on 36 markets, ELA serves as the ecosystem's cryptocurrency with a current supply of 22,119,167 in circulation. Elastos's flagship product, elastOS, integrates the entire decentralized ecosystem into a single application. The project supports the development of new and existing dApps through its Cyber Republic initiative, promoting an innovative and secure internet future.
Elastos is a decentralized, open-source blockchain project aimed at creating a secure and scalable internet infrastructure. Leveraging blockchain technology, it ensures data ownership, scalability, and security, enabling decentralized applications (dApps) within a reliable ecosystem. Utilizing a hybrid consensus mechanism combining PoW and DPoS, Elastos guarantees security and efficiency. Its key components include the Elastos SmartWeb, carrier nodes for decentralized communication, and a runtime environment for dApps compatible with mobile and PC platforms. Launched in 2017 and trading on 36 markets, ELA serves as the ecosystem's cryptocurrency with a current supply of 22,119,167 in circulation. Elastos's flagship product, elastOS, integrates the entire decentralized ecosystem into a single application. The project supports the development of new and existing dApps through its Cyber Republic initiative, promoting an innovative and secure internet future.
Elastos is designed to create a secure, scalable internet infrastructure utilizing blockchain technology. It aims to enable decentralized applications (dApps) to operate within a safe ecosystem, ensuring data ownership and mitigating unauthorized access to digital assets. The project provides a decentralized internet model that separates network communications from application computing, enhancing security and scalability.
Elastos distinguishes itself by offering a fully decentralized internet that detaches dApps from traditional web infrastructures. It employs a unique hybrid consensus mechanism combining Proof-of-Work (PoW) with Delegated Proof-of-Stake (DPoS) to secure its blockchain. This approach, along with its SmartWeb, carrier nodes, and decentralized identity (DID) system, provides a robust ecosystem for data ownership and digital asset creation.
The Elastos SmartWeb offers an innovative approach to creating and utilizing digital assets and identities securely. It facilitates decentralized communication through carrier nodes, enhancing privacy and security. The SmartWeb supports various applications such as gaming and finance, promoting trust and transparency inherent in blockchain technology. This secure internet infrastructure prevents common internet vulnerabilities and ensures data and application integrity.
elastOS serves as the flagship application of the Elastos ecosystem, integrating its decentralized components into a single platform. Available on Android and under development for iOS and desktop, elastOS consolidates dApps and services, allowing users to interact with the Elastos ecosystem seamlessly. It embodies Elastos' vision of a secure and scalable decentralized internet, providing a unified interface for accessing blockchain applications.
Elastos employs a hybrid consensus model integrating the secure hashpower of Bitcoin with the Delegated Proof-of-Stake (DPoS) systems, ensuring both security and efficiency. This combination leverages Bitcoin's robustness for security while incorporating DPoS' democratic features for faster processing. Additionally, sidechains and decentralized storage enhance the scalability and integrity of applications within the ecosystem.
The Cyber Republic is a community-governed initiative by Elastos that promotes blockchain adoption through a grant fund. It supports both startups and established businesses interested in leveraging blockchain technology. This autonomy enables developers and entrepreneurs to explore new projects within the Elastos ecosystem, fostering innovation and expanding the reach of decentralized applications and services across various sectors.
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