Recently Mr. Rong Chen - Elastos Chairman shared about his views on the Blockchain industry as well as Elastos.
Rong Chen is a professor of Cyber Intelligent Economy & Blockchain. Rong was working with Microsoft from 1992 to 2000, during his time there, he led the teams of Microsoft. He left Microsoft and started working on Elastos OS since 2000 which blockchain technology was introduced to make the OS... a safer and more efficient environment.
What should you pay attention? Watch this video you will not waste your time. More infomation visit link:
Elastos is the safe and reliable internet of the future. Built utilizing the blockchain, this technological breakthrough provides the first completely safe environment on the web where decentralized applications are detached from the internet while also permitting full scalability to millions of users. Elastos enables the generation of wealth through ownership and exchange of your data and digital assets.
Elastos is a new web to the internet, it’s a peer to peer network which is kinda common to these technologies nowadays. The convenience about this is Elastos blockchain using ID for the web so the users can all have a unique ID, from 1 user to another user. It’s very unique and avoiding from faking ID and the bad people who try to hack it and that make this blockchain more safety and reliable to this modern life.
Elastos aims to create a new kind of Internet, powered by blockchain technology. On this new Internet, people will be able to own digital assets and generate wealth from them. Today, there is a seemingly infinite supply of digital books, movies, music, and games. But people do not necessarily own their digital property. You can purchase a digital book, for example, but you can’t sell it to anyone else.
So, do you really own it? Elastos wants to make digital assets scarce, identifiable and tradable. Property rights pave the way for wealth creation, and Elastos intends to build a new World Wide Web that respects those rights.
My intention was to bring awareness to the Elastos project in relation to it's successful/significant connections and not so much talk about the project itself.. as the Whitepaper does a pretty good job of that already. I believe this project is still buried underground in the West and not many people are even aware that it exists or how significant this project is going to be. With a strongly experience team behind this project and a great promising platform, Elastos is surely becoming the best blockchain for a web application. The members of the group gather expertise to provide a deep understanding of the challenges that many projects face including regulatory and compliance issues. The team, partnerships, a community the list goes on and on,…Plus they have a working operating system that has been built over 16 years. It’s truly trustworthy and for a web wallet pretty impressive
Are you looking to invest in an innovative company? This is one of the greatest ways to make a profit, so it can be a great idea for you to look for companies which think outside of the box to invest in. To do this, you need to know the market very well and know the secrets of investing, but you can know all that by being well informed about the trends of the cryptocurrency market.
What is Elastos?
Elastos is a company which is building a new kind of internet using its technology, in which people will really own their digital assets and will generate real wealth from these assets. While there are many ebooks, digital games and such products today, people do not really own them. They only own the right to use these products.
The biggest objective of Elastos is to create an internet in which the users will not need third-parties anymore to watch movies or play games. The company wants to be a decentralized platform for decentralized applications (dapps), which will on a P2P scheme.
If the internet of today is all about accessing data, Elastos want to help create an internet which will all about P2P exchanges of apps. When you click on a site’s URL, you will get code instead of data and the code will be run directly on your own computer at home. This will be the basis of the Elastos Web.
Elastos is an open-source project sponsored by powerful companies like TD-SCDMA Industrial Alliance, Foxconn Group and Tsinghua Science Park.
The 4 Pillars of Elastos
• Elastos blockchain
• Elastos runtime: security, virtual machine, SDK
• Elastos carrier
• Elastos SDK
How Does Elastos Work?
If we were to simplify how Elastos work for people who do not understand its technology very well, we could say that basically, Elastos is an internet browser which is planning to use blockchain to create an alternative web which will function using code instead of data. Why is that so different?
Because you generally receive only data from the sites and they use their own programs to generate that data. When you watch Netflix, you do not receive the raw code of the movies to be played on your computer, what you receive instead is the information and you need to use that site to watch them.
While the information will work in a decentralized way, Elastos will use its own ELA tokens as a cryptocurrency to pay for the services of accessing this files all over the over. You will be able to use your ELA tokens to pay to access movies and games
What will be the future application cases in Elastos?
Because our vision is to provide users with a trustful operating system based on their application scenarios and as well as on blockchain technology, we will definitely have a lot of potential future applications.
The followings are some example of the applications:
• Support point-to-point conversation, point-to-point document transfer through decentralized P2P communication.
• Support point-to-point business through decentralized payment.
• Support digital content APP, like electronic books, games, video player. All digital assets can be protected in a trustful environment.
• Support applications about evidence, traceability to source, ID verification, etc. through trustful storage.
Our projects that are currently in the business phase include: automatic driving system for one of China’s top automobile company, point-to-point document transfer system in personal mobile phones, evidence for credit investigation, single ID verification platform, and traceability of luxury goods.
What benefits can investors achieve from Elastos?
Users can use ELA tokens to register an ID in Elastosand use this ID to purchase items such as DApps, cloud storage, and many other resources, including other digital products and so on. In addition, you can also invest in ICO projects and products with ELA tokens withinElastos.
The Elastos Team
Behind this ambitious project is a highly experienced team. The founder, Rong Chen, has a background as a computer scientist (MSc). He was a senior software engineer for Microsoft for over 10 years before he founded the Elastos project in 2000 (originally named Kortide). He had been working on operating systems at Microsoft, when he decided it was time to start building a new, revolutionary OS.
Next to Chen is co-founder Feng Han. Han has a strong academic backing in applied physics and currently also holds a position as Associate Dean of the Massachusetts Blockchain Research Institute, Blockchain Advisor for Huawai, Principal of the prestigious Yuncol School in Beijing, and has a broad experience in educative programs. Yipeng Su acts as Chief Architect of Elastos
How to get Elastos (ELA) ?
Elastos was just released on Huobi Exchange
• I should note that ELastos was one of the most expensive ICO's to launch $18 per token
Price is currently $25.2 USD with a total supply of 33 million
If you do not have a Huobi Pro account , you can join the link below to exchange ELA token easily and safely the following link:
In a separate interview with Huobi Talks, Rong equates the blockchain aspect of Elastos again to the fingerprint security feature of mobile phones, “there are definitely more opportunities on the decentralized internet than on blockchain itself and their plans and developments for the future, towards a SmartWeb powered by Blockchain.
Link to interview:
What is the biggest challenge that Elastos will have in the future?
Rong Chen also shared about the immediate roadmap of Elastos.
Large-scale applications and projects which dock financial big data services and medical insurance will begin.
The framework for mobile web applications will be published open source, contributing to elastos’ application ecology.
The mining of Elastos Chain and Elastos ID Chain by external nodes will be open and accessible.
Pretty soon in the coming months dapp drops called sugar dividends plus it’s safe, secure with goal: 40,000 users by end of 2018
Why should you invest: the team, partnerships, community the list goes on. The scope of Elastos is enormous and we are the best community to be a part of hands down. Plus they have a working operating system that has been built over 16 years. It’s trustworthy and for a web wallet pretty impressive. Now you can exchange on Huobi Pro
On Huobi Talk Insider hosted by Dennis Jacobs, Early Stage Angel Investor and Start Up advisor, we featured Rong Chen, Chairman of Elastos Foundation who shared on Elastos and their plans and developments for the future, towards a SmartWeb powered by Blockchain.
To have a newest and fully information about it, you can watch this video below and remember to subscribe to Huobi Pro on Youtube for more exclusive interviews with projects and exciting campaigns!
More information here :
Huobi Pro: https://goo.gl/aTWyMU
Whitepaper: https://www.elastos.org/wp-content/uploads/2018/White Papers/elastos_whitepaper_en.pdf?_t=1526235330