Whitepapers Elastos ELA White Paper Explained Summary

Elastos ELA White Paper Explained Summary

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Elastos ELA White Paper

Summary:

– Elastos is a New kind of internet powered by blockchain technology, which will allow users to Own digital assets and generate wealth from them.

– the goal of Elastos is to create a web of Apps, where when You click a URL, You get code, and Elastos tokens Function As the base currency.

– Elastos is sponsored by Industry giants such As the Tsinghua Science Park, the TD-SCDMA industrial alliance and the Foxconn Group.

Explained – Elastos ELA White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Elastos ELA white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Elastos (ELA).

Lets understand Elastos (ELA) after going through the Elastos ELA white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

Elastos ELA White Paper

Elastos ELA white paper will be going to provide you, all the information that is needed to get started with Elastos (ELA), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Elastos (ELA).

Introduction

Elastos aims to create a new kind of Internet, powered by blockchain technology. On this new Internet, people will be able to own digital assets and generate wealth from them.

Today, there is a seemingly infinite supply of digital books, movies, music and games. But people do not necessarily own their digital property. You can purchase a digital book, for example, but you cant sell it to anyone else. So, do you really own it?

Elastos wants to make digital assets scarce, identifiable and tradable. Property rights pave the way for wealth creation, and Elastos intends to build a new World Wide Web that respects those rights.

The goal is to create an Internet that allows users to access articles, movies and games directly, without going through a media player or another platform intermediary. Elastos will use blockchain technology to issue IDs for digital content, making it possible to know who owns which digital assets.

On the Elastos Internet, filmmakers will know how many times their movies were viewed. The combination of Elastos and blockchain technology lays the foundation for a trustworthy and secure Internet of Wealth.

Elastos will be a platform for decentralized applications (Dapps) that runs on a peer-to-peer network with no centralized control. People can access these Dapps via their mobile phones, without changing their operating system.

The old Internet is a Web of information. If you click a URL, you get data. Elastos is creating a Web of apps. When you click a URL, you get code. The Elastos Web will be a special economic zone where Elastos tokens function as the base currency.

Elastos is open-source software whose development process has been sponsored by industry giants such as the Tsinghua Science Park, the TD-SCDMA Industrial Alliance and the Foxconn Group for more than 200 million RMB. Elastos has published more than ten million lines of source code, including four million lines of original source code.”

White Paper Link: Elastos ELA White Paper

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