Tuesday, January 19, 2021
  • Contact Us
  • Privacy Policy
FIND CRYPTO NEWS
Advertisement
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
No Result
View All Result
Home Crypto News

Elastos Origin by Feng Han and More about Ethereum Versus ELA

July 13, 2020
in Crypto News
2 min read
Elastos Origin by Feng Han and More about Ethereum Versus ELA
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

You might also like

After Weathering, These Crypto Rocks Still Stand- Here’s Why

Best Visualization of DeFi in the Tezos (XTZ) Ecosystem

Aave Cryptocurrency Interest Income with Liquidity Protocol

The Elastos ecosystem comprises of an array of industries spanning across identity, IoT, Media, Security, and Real Assets. Elastos Claim to be building the modern internet and its open source.

The ELA token side chain went live in March 2019 and they have been actively doing their best since then.  The Elastos Dapp Store went live in January 2020 and further published Elastos DID specification.

Ethereum smart contract compatible sidechain switches to DPoS consensus and Ethereum smart contract compatible sidechain upgrades to Constantinople is scheduled for the Third Financial Quarter.

The internet powered by the blockchain technology is the major focus of ELA.  They focus on making digital assets scarce, identifiable and traceable.  Property rights is recognized by ELA to be a crucial element for wealth creation.  They are dedicating to building a new World Wide Web which respects those rights.

Ayobami Abiola, Writer at The Currency Analytics tweeted:  “Elastos (ELA) have been active and working meticulously on their progress.  They are slowly out to the real-time blockchain ecosystem.  Let’s wait to see what they have in store.”

Elastos (ELA) Origin

Elastos recently tweeted:  “We are pleased to announce the launch of the new Elastos.Info website! This community built site brings the entire ecosystem together under one roof for the first time.”

The Elastos Info blog is set to focus on areas where the official EF and CR blocks have not focused.  The blog focuses on the broader ecosystem news and several other areas which need a clear voice and platform for information dissemination.

Feng Han, Co-Founder in a previous interview stated how he was discussing Ethereum way back in 2017 with some blockchain technical experts.  The experts he stated were from Chinese Blockchain communities like Gang Xu.  He recollected how in 2017, Ethereum Played a major role in the blockchain world. However, he stated that they realized that Ethereum was facing bottlenecks in its future development.

He also recollected how the problem already started to show itself. He also spoke about how the Ethereum Virtual Machine had all the smart contracts and Dapps coupled on-chain. He felt, Bitcoin sacrifices efficiency for trust as it verifies every one transacting on the network. He stated that it was even less efficient than a single computer. A lot of computing had to take place. He stated how users got stuck with Bitcoin and Ethereum.

He recollected how even a small program like crypto kitties got stuck on Ethereum. He stated that they felt the need for the bottlenecks to be solved for efficient functioning. He states that now Ethereum tokens are issued to create smart contracts which he states is irrelevant to the token. And, on how the real applications were actually centralized.  He states that it is very easy to issue tokens on the Ethereum blockchain.

He stated that Elastos Virtual Machine is not on chain and on how originally it was not a blockchain project, but a decentralized internet project that wants to create a safe p2p internet. In this kind of internet no server was needed and how its virtual machine is data closed. He stated how he was excited to hear this idea and further on how they started off with Elastos.

Credit: Source link

Previous Post

Hive Blockchain answers Censorship- Can we have a Fully Decentralized Future?

Next Post

Retail Investors Pump Chainlink's Native LINK Token to All-Time High

Related Posts

After Weathering, These Crypto Rocks Still Stand- Here’s Why
Crypto News

After Weathering, These Crypto Rocks Still Stand- Here’s Why

January 19, 2021
Best Visualization of DeFi in the Tezos (XTZ) Ecosystem
Crypto News

Best Visualization of DeFi in the Tezos (XTZ) Ecosystem

January 19, 2021
Aave Cryptocurrency Interest Income with Liquidity Protocol
Crypto News

Aave Cryptocurrency Interest Income with Liquidity Protocol

January 18, 2021
Crypto News

VeChain (VET) Offering Fee-Delegation as a Service to Improve Mass Cryptocurrency Adoption

January 18, 2021
Monero (XMR) Claims to be Sound Money in Safe Mode with a Different Equation for Cryptocurrency
Crypto News

Monero (XMR) Claims to be Sound Money in Safe Mode with a Different Equation for Cryptocurrency

January 18, 2021
Next Post
Retail Investors Pump Chainlink’s Native LINK Token to All-Time High

Retail Investors Pump Chainlink's Native LINK Token to All-Time High

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

TRON (TRX) Justin Sun Imposter on LinkedIn Ironic Followers on Alert Mode

TRON (TRX) Justin Sun Imposter on LinkedIn Ironic Followers on Alert Mode

May 26, 2020
Visa Exec Tells Investors to ‘Opt-Out’ With Bitcoin as US Dollar Index Plummets

Tyler Winklevoss Predicts Wave of Institutional Investment for Bitcoin Following Square’s $50 Million

October 11, 2020

Don't miss it

Ethereum Addresses in Profit Hit 2-Year High as ETH Closes in on $600
Regulation

As $ETH Breaks New ATH, Analyst Says Ethereum Price Will Quickly Go to $5000

January 19, 2021
Ethereum Hits New All-Time High at $1,430
Analysis

Ethereum Hits New All-Time High at $1,430

January 19, 2021
After Weathering, These Crypto Rocks Still Stand- Here’s Why
Crypto News

After Weathering, These Crypto Rocks Still Stand- Here’s Why

January 19, 2021
Bitcoin Weekly Outlook: Price Hangs b/w Dovish Yellen and Rising Yields
Bitcoin

Bitcoin Weekly Outlook: Price Hangs b/w Dovish Yellen and Rising Yields

January 19, 2021
Best Visualization of DeFi in the Tezos (XTZ) Ecosystem
Crypto News

Best Visualization of DeFi in the Tezos (XTZ) Ecosystem

January 19, 2021
Bitcoin and Ethereum Could See ‘Triple-Digit Gains’ This Year, Says Crypto Firm CEO
Regulation

Bitcoin More Likely to Succeed Than Ethereum, Investment Guru Suggests

January 19, 2021
FindCryptoNews.com

FindCryptoNews is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

Recent News

Ethereum Addresses in Profit Hit 2-Year High as ETH Closes in on $600

As $ETH Breaks New ATH, Analyst Says Ethereum Price Will Quickly Go to $5000

January 19, 2021
Ethereum Hits New All-Time High at $1,430

Ethereum Hits New All-Time High at $1,430

January 19, 2021

Subscribe Now

Loading

© 2020 FindCryptoNews.com - All rights reserved!

No Result
View All Result
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading

© 2020 FindCryptoNews.com - All rights reserved!

  • bitcoinBitcoin(BTC)$37,204.004.39%
  • ethereumEthereum(ETH)$1,418.5616.31%
  • tetherTether(USDT)$1.00-0.37%
  • rippleXRP(XRP)$0.3038088.72%
  • cardanoCardano(ADA)$0.3788652.39%
  • litecoinLitecoin(LTC)$161.6810.35%
  • bitcoin-cashBitcoin Cash(BCH)$535.5810.72%
  • stellarStellar(XLM)$0.3102374.30%
  • moneroMonero(XMR)$159.464.58%
  • eosEOS(EOS)$2.884.94%
  • tronTRON(TRX)$0.0316893.06%
  • nemNEM(XEM)$0.25214412.45%
  • neoNEO(NEO)$27.612.55%
  • iotaIOTA(MIOTA)$0.4965865.96%
  • dashDash(DASH)$132.053.00%
  • ethereum-classicEthereum Classic(ETC)$8.148.08%