Elastos is a next-generation Web 3.0 platform dedicated to creating a decentralized SmartWeb based on blockchain technology. Yilai cloud provides a secure and reliable foundation for the platform with block chain technologies such as main side chain structure, multi-layer consensus and smart contract consensus computing. It also builds decentralized identity, communication, storage, computing and other platform services, aiming to provide a system platform to support distributed applications, and at the same time provide good user privacy protection and data security, becoming the engine of the wave of data assets. Elastos is also the first company in the world to address the current high coupling between smart contracts and virtual machines on blockchain. In accordance with the design concept of "orthogonal separation of trust and computing", Elastos retains the function of Trustzone in one-dimensional blockchain and adds N dimensions of SmartWeb. This ensures that decentralized applications run entirely on a trusted and secure Internet operating system.
ELA Coin, also referred to as ELA Coin, is the original token on The Blockchain of Yilai Cloud. It is used for transactions, supporting digital assets, and paying the transaction commission of blockchain, etc. Elastos is the secure and reliable Internet of the future. This technological breakthrough, built with blockchain, provides the first fully secure environment on the web with decentralized applications separated from the Internet, while also providing comprehensive scalability for millions of users.
Elastos is one of the most innovative projects that uses blockchain concepts to drive the creation of complete, self-sustaining ecosystems by RongChen and FenHan. Elastos is not only a cryptocurrency project, but also a web-based operating system. An operating system that uses blockchain technology to achieve peer-to-peer, decentralized, secure and tamper-proof digital asset transmission, storage and trading of smart contracts and running DApps in an ecosystem.