Elastos (ELA) is a blockchain project that aims to build a secure and decentralized version of the internet. It focuses on giving users control over their digital assets like data, apps, and content, rather than relying on centralized platforms.
The Elastos project aims to solve problems related to data privacy, ownership, and security by integrating blockchain technology into its platform, known as the Elastos SmartWeb. With Elastos, you can securely run decentralized applications (dApps) and manage digital assets without being directly connected to the internet, reducing the risk of cyberattacks.
The native token, ELA, is used for transactions, staking, and securing the network. Developers can build dApps on Elastos, and users can participate in the ecosystem by managing their assets through the Essentials wallet, which also supports decentralized IDs and governance features.
