Dear ATOMARS Community,
We are pleased to announce the listing of Elastos (ELA) on ATOMARS exchange. Elastos (ELA) deposits are effective starting from October 25, 2019 and the following trading pairs will be available: ELA/BTC and ELA/ETH.
ELASTOS PROJECT SUMMARY
Elastos is an operating system--an infrastructure--that powers a decentralized internet and a platform for dApps and Apps. This is made evident by the three different repositories hosted on GitHub, which are Elastos.OS, Elastos.RT and Elastos.NET.
Elastos is an internet operating system that seeks to create a blockchain powered, decentralized internet. Elastos uses the internet to run dApps and Apps. It is the first project to use the internet as an application and as a base for the execution of Elastos runtime. The center of the Elastos ecosystem is the network operating system, based on blockchain technology. Elastos separates computing tasks--including dApps and mining--from actions, such as value or data transfer. Thus, these two actions are isolated from the ELA network, which includes the decentralized networking OS running the main blockchain, while DApps and smart contracts are executed in a side-blockchain separate from all networking activities.
ELASTOS (ELA) FEATURES
1. Innovative approach to blockchain technology: The only known project to run a dual-blockchain is Elastos and also one of the only crypto projects that uses the internet as well as blockchain technology itself. Not just as the core of the application but also as a base layer for the running of Elastos OS, runtime, SDK run dApps, smart contracts and transactions. Elastos devised a way of reducing strain on the main blockchain caused by network load from transactions and dApps running on the same network. It does this by splitting the blockchain into a main blockchain, which is the distributed OS, and the side-chain that locally executes dApps and smart contracts. This unlike any other project released so far.
2. Well known and dedicated development team: The Elastos development team is made up of experienced developers, well-known in the crypto community. Most of the team have been involved in the founding of one or more crypto related startups and have many years experience with blockchain technology.
Even the advisors consist of industry pioneers, as well as notable people like Ziheng Zhou, who is a member of the academic committee for the Alibaba Research Institute. The project receives credibility due to backing from organizations like Foxconn, Tsinghua University of China, and even the Chinese central government. The Elastos team provide quick and comprehensive updates frequently to ensure the ecosystem remains safe, secure and stable.
3. Immense market potential: Elastos brings a unique and pioneering approach to realizing the full power of blockchain technology. Through innovative new ways of using distributed, peer-to-peer, and decentralized operating systems, Elastos accomplishes complex tasks such as secure transfer of value in a permanent way. All of this makes the future prospects of ELA very promising. In fact, this project could prove to be the most important crypto project since BTC.
4. Security, stability, and robust features: ELA is one of the most secure blockchain ecosystems in the cryptosphere. This is due to the many native security features built into the ecosystem such as restriction of dApps from accessing the internet and the main blockchain, mandatory authentication checks through a Decentralized ID (DID) for every request from client dApp to the main network, as well as other features like restriction of user assets being accessed by unauthorized dApps. Elastos will carry on improving, with more security updates planned. The development team continue to push regular updates and patches to always ensure a more robust and up-to-date system.