Elastos (ELA)

Elastos, the crypto

Elastos is an open-source blockchain platform that seeks to create a new kind of internet powered by blockchain technology. Elastos is focused on developing a decentralized internet that enhances security, privacy, ownership, and freedom of data across all applications and devices, called the Elastos Smart Web.

The point

The main purpose of Elastos (ELA) is to create a secure, decentralized Internet powered by blockchain technology that reflects the original vision of the Internet: that there should be no centralized entities that can control the flow of data and information. Elastos aims to create this new internet environment by enabling the seamless integration of blockchain technology into a wide range of devices and platforms.

The problem

Elastos (ELA) attempts to address various issues and challenges that exist in the current internet environment, such as data breaches, hacking, identity theft, and centralized control of data and information. By using blockchain technology, Elastos aims to provide a secure, decentralized, and distributed alternative to the traditional internet, where privacy, ownership, and control over personal data are restored to the users. Additionally, Elastos Smart Web aims to provide better transparency, interoperability, and accountability in diverse applications for individuals, businesses, and organizations.