Question 1

What is the current price of Elastos (ELA)?

Accepted Answer

The current price of Elastos (ELA) is XRP 0.31432957, with a 24-hour trading volume of 42.9K. The price has increased by +1.87% over the past day.

Question 2

What Is Elastos (ELA)?

Accepted Answer

Elastos (ELA) is a comprehensive and interoperable open-source blockchain platform. It was founded by operating system expert Rong Chen with the aim of creating an entirely decentralized internet. Elastos combines the security of Bitcoin's hashpower with the democratic ideals of Delegated-Proof-of-Stake consensus. The platform includes a suite of software known as the SmartWeb, which includes a peer-to-peer communication network, decentralized data storage services, and a decentralized ID system for digital assets.

Question 3

Who created Elastos?

Accepted Answer

Elastos was created by Rong Chen, a renowned expert in operating systems. Under his vision and guidance, the Elastos team strives to create a blockchain platform that is not only secure and decentralized but also comprehensive and interoperable.

Question 4

How does Elastos work?

Accepted Answer

Elastos operates using a hybrid consensus that combines the best of Bitcoin's secure hashpower and Delegated-Proof-of-Stake's democratic ideals. The platform includes a suite of software for a complete decentralized internet experience: a peer-to-peer network for communication, decentralized data storage services, and a decentralized ID (DID) system for all digital assets. In addition, Elastos also provides for sidechains such as Ethereum, thus offering a foundation for truly scalable decentralized applications as well as real data ownership.

Question 5

What makes Elastos unique?

Accepted Answer

Elastos is unique in its comprehensive approach to creating a decentralized internet. It's not just a blockchain platform, but a complete suite of software taking in communication, data storage, and digital asset identification. The platform's flagship product, elastOS, brings the entire decentralized ecosystem into a single app, currently available on Android and under development for iOS and desktop. Elastos' dedication to blockchain innovation is also demonstrated through its Cyber Republic initiative, aimed at fostering new and existing dApp projects with a community-governed grant fund.

Question 6

How much Elastos (ELA) is currently in circulation?

Accepted Answer

As of now, the circulating supply of Elastos (ELA) is 23.1M. The total supply is 26.2M.

Question 7

How is Elastos secured?

Accepted Answer

The security of Elastos is ensured through its innovative hybrid consensus that combines the secure hashpower of Bitcoin and the democratic ideals of Delegated-Proof-of-Stake. This innovative approach to consensus creates a system that is resistant to different kinds of cyber attacks and ensures the secure authentication of digital assets on the platform.

Question 8

How can I buy Elastos (ELA)?

Accepted Answer

You can buy ELA at any of the following exchanges: KuCoin, Gate.io, CoinEx, Coinbase Pro. As with any crypto transactions, remember to apply all necessary security measures and do your due diligence before making a purchase.

Question 9

What is the Market Capitalization of Elastos?

Accepted Answer

The current market capitalization of Elastos (ELA) stands at XRP 7.3M, which makes it the #1202 most valuable cryptocurrency.

Convert ELA to XRP

Try our Crypto Pro app