Elastos is an open-source platform for building a decentralized internet (“Smartweb”). It uses a merge-mined mainchain with Bitcoin for security, sidechains for DApps and identity, and a BeL2 protocol for native Bitcoin finance. ELA, its native token, supports governance, staking, and fees. The architecture puts users in control of their digital assets and identities, reducing reliance on centralized services while mitigating security risks.

Elastos operates on four pillars: blockchain, runtime, carrier, and software development kit (SDK). The blockchain separates app functionality between the main chain and side chains for each individual application. The runtime allows DApps to run outside of the Elastos operating system. The carrier is a peer-to-peer decentralized internet service where users can rent out their computational power and storage to others. The SDK connects applications to the Smart Web, benefiting non-Elastos applications. All communication on the Elastos network is encrypted and authorized by blockchain IDs, ensuring secure and private data processing.

Elastos offers a wide range of potential use cases. It can be used to create a new kind of internet, where digital assets are scarce, identifiable, and tradable. This can pave the way for a new kind of digital space. For instance, authors can decide to have a limited number of their digital books in circulation on the Smart Web, creating scarcity and enabling unique digital ownership. Filmmakers can raise funds for their movies by issuing their tokens and writing smart contracts that share a portion of the viewing fee with token holders. Elastos also enables consumers to participate in the digital economy, allowing them to sell limited edition game apps or digital books to others, depending on market demand.

Elastos was conceived in 2000 by Rong Chen, a former senior software engineer at Microsoft. He envisioned an operating system designed for the entire web. However, it was not until 2017, with the emergence of blockchain technology, that his vision was fully realized. Rong, along with co-founder Feng Han, incorporated blockchain into Elastos to complete his vision. The Elastos Foundation was established, and the development of the Elastos platform began. Since then, Elastos has been engaging with new and existing DApp projects through its Cyber Republic initiative. The platform has received support from organizations such as the Tsinghua Science Park, the TD-SCDMA Industrial Alliance, and the Foxconn Group.

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The current market cap of Elastos is ₹1.311B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Elastos is ₹8,540.54. This all-time high is highest price paid for Elastos since it was launched.

Over the last 24 hours, the trading volume of Elastos is ₹51.776M.

Assets that have a similar market cap to Elastos include Ampleforth Governance Token, Travala.com, Moonriver, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Elastos is 23 million.

Elastos ranks 276 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 67% of Coinbase users are buying Elastos. In other words, 67% of Coinbase customers have increased their net position in Elastos over the past 24 hours through trading.