Elastos (ELA) is a blockchain-powered operating system designed to create a new type of internet, called the “Internet of Value.” The platform is powered by a smart contract platform and a decentralized application (DApp) ecosystem. Elastos focuses on providing users with a secure and reliable platform for digital content, services, and applications, while allowing users to have full control over their data.
Elastos is designed to provide a secure and reliable platform for digital content, services and applications. It aims to provide a secure platform for content creators and service providers to store, share and manage their digital content and services. This reduces the risk of malicious attacks on the data and services, as well as giving users control of their data.
Elastos uses a hybrid consensus mechanism, which combines Proof of Work (PoW) and Delegated Proof of Stake (DPoS). This ensures that the blockchain is secure and resistant to attack. The platform also uses a Sidechain technology, which allows data to be securely stored and managed on sidechains.