About Elastos
ELA is the native utility and governance token of the Elastos ecosystem, a decentralized network focused on building a blockchain-powered internet. Often referred to as the 'BTC Queen' due to its security model, ELA is protected by over 50% of Bitcoin's hash power through merged mining. The token is used for transaction fees, smart contract execution, and participating in the ecosystem's governance. While primarily associated with the Elastos Smart Chain, ELA also exists as a wrapped asset on other networks like Ethereum to facilitate cross-chain interoperability.
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