Elya to USD Price Chart

What is the price of Elya today?

As of the latest update, the price of Elya (ELYA) is $ 0.00020123. This represents a increased of +0.00% over the last 24 hours. Please note that cryptocurrency prices are highly volatile and can change rapidly.

What Is Elya?

Elya, often referred to as "the miner's phone coin," is a relatively niche cryptocurrency that positions itself uniquely in the market by focusing on telecommunications. It is the first cryptocurrency claimed to be accepted as tender for the payment of international 4G and GSM 900 roaming communications and Airtime. This innovative approach suggests that Elya aims to integrate the use of digital currency with daily telecommunication services.

Who Is behind Elya?

The team behind Elya remains unspecified in the information provided, but they are likely a group of telecommunications and blockchain experts. Their vision is to combine the practicalities of modern communication with the benefits of cryptocurrency, hence the creation of Elya. For detailed information about the founders or the team, one would typically visit the official website or look for press releases or announcements made by Elya.

How Does Elya Work?

Elya works by serving as a payment option for international communications services. Users can use Elya coins to pay for 4G and GSM 900 roaming services, which are essential for people who travel frequently or require stable communication services without exorbitant fees. Elya probably leverages blockchain technology to facilitate secure and transparent transactions, although specifics on the functionality are not provided.

How Can You Use Elya for Telecommunications?

Using Elya for telecommunications means that you can pay for your international roaming and airtime services with Elya coins. This is designed to offer a more convenient and possibly cost-effective method of maintaining connectivity when traveling compared to traditional payment methods. What's more, it shows an intriguing use case for cryptocurrency beyond the usual scope of investment and trading, targeting a day-to-day necessity like communication.

What Are the Core Technologies of Elya?

The core technology behind Elya is blockchain, which is the foundation of most cryptocurrencies. Through blockchain, Elya transactions are secured and records are immutable. Since Elya claims to be used for telecommunications payments, it might involve technologies that facilitate quick and easy transfer of coins for services, though the specifics around this technology are not detailed in the basic information provided.

How Does Elya Maintain Security?

While specific security measures for Elya aren't outlined, typical approaches in the cryptocurrency space include the use of cryptographic algorithms to safeguard transactions and wallet holdings. Proof-of-Work (PoW) or Proof-of-Stake (PoS) mechanisms could be employed to secure the network, depending on Elya’s blockchain infrastructure. Users are always advised to follow best security practices, like using strong, unique passwords and enabling two-factor authentication.

What Is the Total Supply of Elya Coins?

The total supply of Elya coins is 1000.0M. This figure indicates how many Elya coins have been or will be created in total. It's crucial to understand this in the context of scarcity and potential value; however, without current figures on the circulating supply, it's hard to determine how much of the total supply is currently available in the market.

Which Exchanges List Elya?

Elya is available for purchase and trade on the following exchanges: STEX. These platforms provide users with the ability to buy, sell or hold Elya coins. Always ensure you use reputable exchanges and take steps to secure your account and assets.

How Can You Store Elya Safely?

To keep your Elya coins safe, it's essential to use a secure wallet. This could be a hardware wallet that stores your coins offline or a software wallet with robust security features. No matter what type of wallet you choose, make sure to keep your private keys confidential and consider keeping backups of your important wallet information in secure locations.

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