Elastos (ELA) Will Be Listed On Atomars

What is Elastos (ELA)?

Elastos was first established about 18 years ago and held its first campaign in 2003 by creating a smartphone. The second campaign took place in 2012, where an OS was designed for industrial IOT devices. To put it simply, this over-the-internet decentralized system makes use of the blockchain to authenticate user IDs, applications and machines. The Foxcon Group and other powerful groups have supported the open-source system with over 200 million RMB of funding because of their belief in the project.

How Does Elastos (ELA) Work?

In addition, the platform is mobile-friendly and allows you to run network DApps on virtually all operating systems which include PC, Android, iOS, etc. The infrastructure that makes this possible is explained as follows:

The Four Pillars

Blockchain

App functionality in the Elastos Blockchain is separated into the mainchain and sidechains running each application. Basic transactions and transfer payments are handled by the main chain while DApp smart contracts are executed by the sidechain.

There are quite a few advantages to the sidechain. As a client, the consensus mechanism of each sidechain can be customized and you can distribute sidechain tokens as well. In addition to that, tokens can be transferred across sidechains and also across the mainchain.

Runtime

DApp platforms typically execute smart contracts and run associated applications right on the blockchain. However, when you try using a DApp on a mobile device, this strategy might be problematic. Elastos runs DApps with runtime environments while the blockchain is used to enable smart contracts.

Carrier

The Elastos Carrier is the decentralized peer-to-peer internet service of the project, It is not that different from other decentralized internet projects in that you can rent computational power and storage capabilities to other users. The carrier is actually the foundation of the network’s DApps.

Software Development Kit (SDK)

The Elastos Software development kit (SDK) connects applications to the smart web. This greatly benefits non-Elastos apps. With the SDK, these applications are able to receive their ID and access the Smart Web without needing the Elastos virtual machine.

Elastos (ELA) Will Be Listing On Atomars

About Atomars

Fast and Secure Digital Assets Exchange Platform https://atomars.com

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