Elastos (ELA)

Elastos is a Smart Web Powered by Blockchain.

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.

Elastos will be a platform for decentralized applications (Dapps) that runs on a peer-to-peer network with no centralized control. Elastos users can access these Dapps via their mobile phones, without changing their operating system.

Elastos promotes the property rights of digital content. Elastos has the capability to issue tokens for digital assets or applications and to establish the ownership of digital content through smart contracts.

The Elastos wallet must be used to publish a digital asset, and the balance should be enough to pay the mining fee. Elastos publisher of a digital asset can then create requests for authentication, which will include information such as the user’s wallet address.

The Elastos Token, or ELA, is the intrinsic token on the Elastos blockchain. It can be used for trading, investing in digital assets, paying for blockchain processing fees.