213715 unique individuals are talking about Elastos and it is in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Elastos has an sentiment score of 68 out of 100.
On Twitter, people are mostly bearish about Elastos. Trend were down about Elastos. These sentiments are based on 2073 tweets.
On Reddit, Elastos was mentioned in 181 Reddit posts and there were 923 interactions about Elastos. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Elastos, founded in 2017 and building on a vision from 2000, is a blockchain-powered internet version. Its recent breakthrough is the introduction of BeL2, a Layer 2 solution leveraging SmartWeb technology to revolutionize Bitcoin transactions. Elastos is using SmartWeb technology to build the Bitcoin second-layer network BeL2, which extends the efficiency and scalability of the Bitcoin network through smart contracts. This endeavor will enable Bitcoin to power a smart economy and effectively release the liquidity of hundreds of billions of dollars in staked Bitcoin assets.
With over 50% of Bitcoin's hash power protecting it through merged mining, ELA boasts extremely high security and credibility in its network, earning it the esteemed title of "BTC Queen" within the community.
Rong Chen, a former senior software engineer at Microsoft, is the founder of Elastos. He initiated the project after returning to China post his tenure at Microsoft Research. His vision was to develop a web-oriented operating system. Feng Han, a co-founder, joined forces with Rong Chen in 2017 to integrate blockchain technology into the project, thereby advancing its vision.
Elastos has four pillars that enable network separation as well as platform flexibility. These are blockchain, runtime, carrier and software development kit or SDK.
The blockchain separates app functionality between the main chain and side chains for each individual application.
This flagship product of the Elastos Smartweb has the entire decentralized ecosystem into a single application.
Elastos stands out with its integration of BeL2, a Layer 2 solution enhancing Bitcoin's capabilities. This integration promises improved scalability, smart contract capabilities, and enhanced security through Zero-Knowledge Proofs. BeL2 aims to address Bitcoin's limitations in transaction speed, smart contract complexity, and privacy issues, heralding a new era of blockchain functionality.
Elastos has a maximum supply of 28,220,000 ELA coins.
Keep in mind that Elastos is actively searching for both new and existing DApp projects throughout its Cyber Republic initiative.
Elastos mainchain, an open-source blockchain protocol, uses a unique Elastic Consensus mechanism combining three systems for robust security and transaction execution. These include Auxiliary Proof of Work (AuxPoW) for block production merge-mined with Bitcoin, Bonded Proof of Stake (BPoS) blending elements of delegated proof of stake and proof of stake for secure block finality, and Proof of Integrity, backed by Elastos' decentralized autonomous organization (DAO), for added security across both the mainchain and sidechains. This combination ensures a secure and efficient foundation for decentralized applications. For more details, you can visit the Elastos Mainchain Introduction page.
Currently, you are able to purchase ELA at the following exchanges:
Coinbase
Crypto.com
Bitget
KuCoin
Huobi Global
If this is your first time purchasing a cryptocurrency of any kind, you can start by learning more about buying Btcoin here.