Market Data
About Elastos
ELA is the native utility and governance token of Elastos, a comprehensive open-source platform designed to build a decentralized internet (SmartWeb). The asset is secured through a hybrid consensus mechanism that utilizes merged mining with Bitcoin, leveraging over 50% of Bitcoin's hash power for security, alongside a Delegated-Proof-of-Stake (DPoS) system. ELA facilitates transactions, smart contract execution, and data ownership within an ecosystem that includes a peer-to-peer network, decentralized storage, and a decentralized ID (DID) system. It operates across a mainchain and various sidechains, including Ethereum-compatible layers, to support scalable decentralized applications.
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