Elastos is the one of the first Internet operating systems that wants to create a blockchain-powered decentralized Internet. Elastos also uses the Internet as a layer on which Dapps and applications are run on.
The project can been segmented into 3 parts: Elastos.OS, Elastos.RT and Elastos.NET. Elastos was first established approximately 18 years ago, with its first campaign in 2003 when they created a smartphone from scratch; and the second campaign was in 2012 which involved the design an OS for industrial IOT devices and mobile device.
Essentially it is a decentralized system on the Internet that uses blockchain to authenticate the IDs of user, application and machines.
Additionally, its operating system was created to support Elastos Dapps and to easily connect to its internet protocol, it will run on mobile devices, IOT devices, and Raspberry pi.
In summary Elastos views it this way : since smart contracts place a burden upon the resources of the CPU, the primary chain will not be appropriate for smart contracts, but will only oversee the payment, persistence, and transmission of its virtual currecy. On the other hand, sidechains will be able to support smart contracts and even pursue variant implementations of smart contract technology in independence of each other.
If you are interested you read an excerpt further below or visit the Elastos website or click here .
It should be obvious that, with respect to the 7 billion people of the earth and their needs for automation, and the five requirements posted above, a unitary blockchain from the point of view of functionality would by no means quality, so that a design involving multiple layers of blockchains would be necessary. The lowest level blockchain, the primary blockchain, will be responsible for the creation of the system’s security policy …. As such, the central feature of the primary chain will be the distribution and transmission of this critical virtual currency, as well as providing validation assistance to sidechains .… As for optimization, it is important that sidechains should not occupy the resources of the primary chain, neither the CPU, nor hard disk, nor RAM. As a result, the system will enjoy unlimited expandability. Seeing that all of the sidechains, along with the primary chain, share among themselves all of the processing power, sidechains may jointly enjoy advantages in safety while at the same time minimizing their wastage of physical energy, which will solve the problem encountered by Bitcoin, Ethereum, and Zcash, whose executions involve the large wastage of energy through the process of mining and the adjustment of the room temperature of mining machines.
In fact , you can watch an interview on Huobi Talk , where Elastos Chairman, Rong Chen shared about his views of the Blockchain industry as well as Elastos below
In this interview, Rong Chen shared that many people don’t fully understand IOT or Internet of Things
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