Elastos is the safe and reliable internet of the future. Built utilizing the blockchain, this technological breakthrough provides the first completely safe environment on the web where decentralized applications are detached from the internet while also permitting full scalability to millions of users.
Elastos enables the generation of wealth through ownership and exchange of your data and digital assets. Welcome to the new Smart Web, where safety and economic distribution can flourish on the internet.
- Elastos Blockchain – Establishing trust on the Internet by building a decentralized Smart Web where devices, individuals, websites and digital assets have trustworthy IDs.
- Elastos Runtime – Lightweight operating system run on mobile devices or PCs that prevents applications from directly accessing the Internet
- Elastos Carrier – Completely decentralized peer-to-peer platform that conveys information for applications by taking over all network traffic between virtual machines.
“The blockchain structure of Elastos allows for merged mining with Bitcoin. This relationship ensures safety and reliability due to the Proof of Work computing power of Bitcoin. Built with main and side chains, Elastos avoids issues of main chain overload and congestion and increases the possibility of Elastos becoming the basis for future internet applications.”
Positives -
- Decentralized content distribution and verification is a perfect use-case for Blockchain technology. Content owners get to claim their content as their own in front on an immutable ledger and consumers can purchase several digital assets, guaranteed that they have access to that potentially exclusive content. This opens up a huge array of opportunity for content creators to deliver content to those who wish to purchase it without a middleman. Exclusive content, limited edition content, content distribution efficiency, the list goes on and on.
- Elastos has been around for quite some time. “In 2000, Rong Chen, A Senior Alumnus of Tsinghua University’s Computer Science Department, left Microsoft after almost ten years of work on their operating systems, and returned to China to begin research and development on the first-generation Elastos network operating system.” Elastos has obviously undergone some changes and found it’s home in the Blockchain/Crypto space which is really what the original vision required to work effectively. If you’re looking for a project with a long roadmap, Elastos has been through a lot. Investors should have confidence in the Teams longevity.
Concerns -
- Elastos has some great use-cases and definitely states them well throughout their website and whitepaper. We have a few general concerns regarding the actual practicality of some of the use-cases when adapted to the real world. For instance, verifying who created a piece of content via blockchain tech is a perfect use-case but this doesn’t make it impossible for somebody to copy that content. We’ve seen how DRM (Digital Rights Management) software/techniques have failed throughout the entertainment industry. If people want content for free, they will find a way to get it whether it be via screen-capturing videos, recording audio from a computer, screen-capturing text from a paid PDF, etc, etc. Not a direct concern for Elastos, just a potential “counter” to that type of use-case.
- Elastos doesn’t actually have a lot of points that we find “concerning”. The overall concern is with the business model and the plan of adoption in regards to the task ahead. Elastos is entering a space that is in need of decentralization but is heavily dominated by centralized solutions that have the marketing budgets in the billions. Plenty of customers, a long road ahead.
Exchanges -
Official Elastos Links -