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Elastos Price: $2.12 -0.92%
What is Elastos?
Elastos intends to make a new type of Web. On this new Web, folks will have the ability to have digital resources and generate wealth from them. Nowadays, there is a seemingly endless supply of music, movies, books and games. But people do not necessarily own their land. It's possible to obtain a digital book, for instance, but you can?t sell it to anyone else. Do you own it? Elastos needs to create assets recognizable scarce and tradable. Property rights pave the way for wealth generation, and Elastos plans to build a new World Wide Web that respects those rights.
The target is to produce an Internet that allows users to access games, movies and articles without going through a different platform intermediary or a media player. Elastos will utilize blockchain technologies to issue IDs for electronic content, which makes it possible to understand who owns which electronic resources. About the Elastos Internet, filmmakers will understand how often their movies were seen. The combination of blockchain tech and Elastos lays the basis for a secure and trusted Internet of Wealth.
Elastos will be a platform for decentralized software (Dapps) that runs on a peer-to-peer network with no centralized control. People can get these Dapps via their phones. The older Web is an Internet of advice. You get data, if you click a URL. Elastos is developing a Web of programs. When you click a URL, you get code. The Elastos Internet will be a special zone in which Elastos tokens function as the base money.
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