Elastos : The Peer to Peer Operating System Running On Blockchain
Elastos is a blockchain based operating system and cryptocurrency that has been in development since 2003 when founder Chen Rong built, a smartphone operating system from scratch. Between 2012 and 2016, he worked on an os for IoT and smart home devices, creating a company called Kortide. Now he leads Elastos, a community-driven project to build the world’s first, open-source internet operating System. This Chinese cryptocurrency has flown under the radar in the bearish market, but as they continue to announce massive partnerships the hype is building.
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Elastos
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Table of Contents
What is Elastos?
https://www.youtube.com/watch?v=X8SozytWWdM Elastos is a Chinese blockchain that help a KYC ICO type event with a set price. On the 1-3 Jan 2018: KYC whitelist announced. On the 1 Feb 2018, an airdrop of ELA tokens distributed the 50% of the presale supply to BTC holders. “Elastos is its own blockchain. Its function is to store IDs which are used to connect to the Elastos intranet.” Reddit FAQ. The blockchain that is responsible for this process is kind of like the mainchain. Transactions and computations happen on a decentralised secure P2P network / operating system infrastructure. Elastos is the base-layer infrastructure not an application. With this ID system people can own digital assets and use them to generate wealth and DApps can run without having to connect directly with the internet. This interface directly between apps and services protects the network from malicious code and network attacks. Another thing that is impressive about Elastos is that it supports common programming languages. C++. It executes inside a C++ virtual machine. There are planned development modules for C, Java, HTML5/JS. The circulation of digital assets is handled by an UTXO model.
What Will Elastos Be Used For?
Elastos is a decentralised Dapp platform/OS. It has the same use case as Ethereum and EOS. Connecting IoTs devices is a targeted use case that was mentioned in the Whitepaper. A decentralised OS makes sense in this context, and founder Cheng Rong was working on an IoTs OS before getting involved in blockchain. The security of blockchain is a massive advantage over traditional systems. “This is targeting the onboarding of infrastructure/industrial software. ‘DApps’ here would really be non-interactive secure software behind smart devices.” These DApps will have their own side chains/tokens for whatever utility they serve. Elastos has a number of DApps already being built or planned for their platform.
- Reactor: Reactor Independent Game Guild(RIGG)
- Trust Credit Power(TCP)
- Panda Green Energy Exchange (HK Public Company, United Nation Partner)
- Origin Agritech Ltd(Nasdaq public company)
- Aviation Industry Corporation of China(AVIC)
- Tencent
ELA Token Mechanics
There is a total supply of 33,000,000 million ELAs. Miners will gradually create additional tokens through an AuxPow + DPoS concensus mechanism that distributes tokens as follows: 35% for AuxPow, 35% for DPoS, 20% for Ecosystem Application Reward and 10% for Foundation Running and Development. All this mining leads to 4% inflation rate per year. Like Bitcoin, blocks will become progressively harder to mine overtime and if basic economic theory is to be trusted this scarcity makes value possible. “ELA tokens are used to register an ID in Elastos and this ID in turn will 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 within elastos.” -RedditShould I Invest in Elastos?
I think that Elastos is a great long term hodle. I review a lot of altcoins, and it isn’t often you find one with this much substance to it. There is some pretty significant news around Elastos; especially for a coin that ranks in the 1000s on coin market cap. Like how they are a part of the G3 blockchain community with Bitmain and NEO.

Who Are The Elastos Team?
