Smartweb is a web of Apps and DApps. We are creating an operating system for the Smartweb.  Chen Rong, Founder of elastos 

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 About Elastos:

Elastos is the world’s first Internet operating system focusing on re-decentralizing Internet with blockchain to secure identity. Utilizing the Internet as the base-layer infrastructure rather than as an application, the Elastos approach emphasizes that network communications should be separated from application computing, and prohibits apps from direct access to the network to prevent viruses and other malicious attacks such as DDoS.

Elastos is an open source system with over 4 million lines of original source code, and has received significant investment from the Foxconn Group, NEO, and other industry giants for its R&D. Supporting programming in C/C++, Java, and HTML/JS, Elastos facilitates the new generation of universal apps running anywhere, including AR/VR headsets, IoT gateways, PCs, and cloud servers.In summary, Elastos focuses on a new internet that is secure, credible, and smart. Apps cannot connect directly to the foundational internet layer or endanger it in any way. Blockchain disruption of third parties enables transparency for apps, IoT participants, and IP. 

Elastos is oriented to solve the problem of the attachment of smart contracts to a virtual machine (for example, this is one of the problems of Ethereum). On Githab, the project has more than a million lines of code.

This is the largest decentralized platform for creating and managing decentralized applications (dapps).

 elastos is one of the most imaginative blockchain platform projects, which may bring about profound reform to future blockchain application development.   Li Lin, Founder &CEO of huobi.com 

 

About CO Elastos Rong Chen:

Rong graduated from Tsinghua University, Beijing, in 1982. He received a MS degree from University of Illinois at Urbana-Champaign in 1987. Rong was a Microsoft veteran in the early days of the internet from 1992 to 2000. He collaborated in the development of a wide portfolio of projects at Microsoft, for example OS research, IE3 ActiveX, Ole Automation, ECOM, .NET. 

Rong founded his own company Kortide Corp in 2000 following his long-standing dream to create his own operating system: Elastos. After 17 years, Rong believes that the smart-web powered by the blockchain is the future for Elastos. He established the Elastos Foundation with partners in June 2017. 

Road map for 2018

• January 2018. Development and strategic cooperation with small companies in the production of mobile web applications.
• February 2018. The publication of Elastos Carrier is freely available. Completion of development and testing of Elastos ID.
• March 2018. Creation of Elastos Capital, which is aimed at supporting projects on the Elastos detachment.
• April 2018. Support for smart contracts.
• June 2018. The publication of the beta version of Elastos ID is freely available.
• August of 2018. Creation of the first mobile applications + introduction of airdrop.
• December 2018. The beginning of mining. The full version of Elastos ID starts.

Mining

Bitcoin's block is the main block, while Elsastos is the subsidiary for joint mining. Meanwhile, the miner, who minits Bitcoin and Elastos, receives a profit, without spending an auxiliary power on the mining of one of the coins, i.e. mayna bitcoin, you minitize and Elastos.

The annual inflation rate for PoW is 4%. Mining accounts for 35% of all coins: AuxPoW 35% + DPoS.

Token ELA

The system has a limited stock of ever released tokens of 33 million. ELA holders will receive airdrops of all coins created in the Elastos ecosystem. 

Any token made on Elastos will be required to enclose 2-5% of its total supply in the ELA. This is very promising, considering such future dApps as Zapya with 400 million users, and so on. Huawei, Alibaba, unnamed until the giant of the gaming industry, and, of course, future partners. All of them will create their own tokens on Elastos or use ELA for transactions, not to mention the creation of various digital assets on Elastos.

More about Reward Mechanism here.

Who is the main competitor of Elastos?

EOS is OC on the blockchain. In addition, EOS depends on its own blockchain, so no matter how optimized it is, the EOS bandwidth will be limited. Elastos can unlimitedly expand its bandwidth through the ability to connect the core network with a third-party network.

Blockchain of Elastos

G3. What is it?

• Da Hongfei from NEO and Jihan Wu from Bitamain were early investors and advisers of Elastos. According to the statements, Jihan Wu, for his part, intends to redirect the computing power from the Bitcoin mining to Elastos.
• G3 is a collaboration between NEO, Elasos and Bitmain, separating their visions of a decentralized economy and smart network. The key feature of the latter is the virtual machine, runtime and trust zone provided by Elastos and Bitmain, and working on NEO consensus using KYC Ontology service.
• G3 cooperates with the Government of China, and, given that in this project, a resounding success in the event of adoption of loyal regulatory laws will not keep you waiting.

Partners

• Foxconn is the world leader in the manufacture of electronic components, among others the Apple hardware manufacturer. It is one of the ten largest companies in the world with a staff of more than 1 million people. It invested in R & D Elastos $ 31mln.
• SAIC Motor - the largest automaker in China, the official partner of Elastos, uses their blocking technologies in the development of autonomous driving and smart cars, the market value of which is estimated to be worth trillions of dollars in the next 5 years.
• AVIC is a state-owned air company, part of China's military-industrial complex, part of the Fortune 500. It is extremely interested in creating dApps in the Elastos network.
• Alibaba and Huawei have repeatedly cooperated with the project.
• Zapya (p2p file sharing app with 400 million users) took on the mission to become the first superstructure of Elastos. The owner of Zapya is a good friend of Rong Chen, and he knows how much effort was invested in the project for 17 years!
• Soon will be announced a partnership with a huge company from the gaming industry.

Conclusion

Elastos can be compared with the most "big aircraft carrier" in the industry of blockchain. And recent statements about the situation in China inspire optimism for quality projects.

This post is for informational purposes only. If this was useful for you 

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