Elastos wants to make digital assets scare,identifiable and tradeable
While the internet uses URL{universal resource locator}, ELASTOS will use codes{web of apps}
Today blockchains have the following limitations
1.Storage and speed : with lots of blockchain and Dapps we are yet to see one of such that can match any software out there
2.bugs: the Parity and DAO and other incidents are saddening
3.cost
4.Junk data: this has it own pros and cons
Elastos wants user to be able to access the blockchains trust based system via the mobile devices they are already using
Elastos will create Dapps that are enabled by blockchain technology but don't haveto run on the blockchain,they will run on Elastos runtime which runs on android,iOS or PC
the Elastos Blockchain
1.uses main chains and sidechains
2.merged mining to provide high computational power
the total number of coins = 33 Million ELA
it uses "write once, run everywhere"
The Elastos web does not use IP address or domain names, it performs runtime verification
with over 10 million lines of codes and lots of years behind this project, what is ELASTOS up to
Let's discuss
