Limiting the potentials of blockchain technology to just the transfer, buying and selling of cyptocurrency is obviously now a plain novice ideology. Among the countless blockchain based projects that are now springing up from every nook and cranny of the earth, there are a few amazing and interesting ones. One of such is the Elastos project. Think of a decentralized smart web that is more secure, enables value transfer and generation of wealth.
Talking about the good aims behind the invention of the internet, definitely, such aims are not being actualized recently, cyber crimes are on the highest rise, diversions of gains of internet from global advantage to selfish and risky use is now the order of the day.
Thanks to the arrival of Elastos, hopefully, internet can now be used for its real purpose. Elastos is a secure environment on the web where decentralized applications are detached from the web powered by the blockchain. An operating system run by distributed nodes. Elastos (https://www.elastos.org/en/) aims at making digital assets scarce, identifiable and tradable. In all, the foundations of elastos are safety and economic distribution on the internet powered by blockchain technology. ELA can be traded on huobi, just set up your free account first. (https://www.huobi.br.com/en-us/topic/invited/?invite_code=da523)
Recently, Huobi had an exclusive interview with Rong Chen, the founder and president of Elastos. Rong Chen has been into software developing for so long, during which time he worked for Microsoft. Rong shared introductory information about himself, his team's past attempt at Elastos and the reasons he ventured into the Elastos project as well as information about the Elastos project at the interview with Dennis Jacobs on Huobi. Watch
huobi interview with Rong Chen. ()
During the interview, Rong discussed vulnerability issues with the internet. He explained that traditional devices are without carriers, and that if there is provision for carriers, the carriers would act as the middleman, it will be able to receive and send message on one’s behalf. Hence, the integrated carrier can act as protector and guard against fake identities and attacks as it is a verifier of IDs itself. However, the non approval setup for wallet registration of the bitcoin is another reason for vulnerabilities. So, in solving this, they have set up Elastos carrier which will verify IDs and not only IDs for wallet but for both wallet and the internet.
Worthy to note is his talk about blockchain not being for consumers but mainly for developers. (https://github.com/elastos) He began by mentioning the different numbers of CPUs on different machines . The IPhone has 40 CPUs, 100 CPUs on Mercedes Benz but the application only has one CPU. So, consumers access the phone but not the blockchain itself. Meanwhile, the blockchain itself cannot run DApp, hence, there are more opportunities on the decentralized internet itself than on the blockchain.
Elastos has already achieved a face to face airdrop (Iphone to Iphone) between its partners and will make cross platform which can be Iphone to Android, Android to PC etc. They are aiming at decentralized gaming, and have the IOT smart related project. Further roadmap foresees the Solar panels. Also, the project of trust building, building a smart economy and the smart economy has fundamentals such as GDP. There is the intention to install 10,000 smart routers. The 10,000 nodes if achieved, means there can be 40,000 users at the close of 2018.
Security issues such as virus, fraud, theft, privacy breach, fake IDs, middlemen troubles, attacks etc are general issues faced by both high and small users/investors of the internet/blockchain. Aside this, the need to return the internet use to default is something every true person has been waiting for to happen. Elastos project has the potential to reshape things thereby shaping history. It needs support from other participants in the blockchain community to maximize its full potentials. Considering the above mentioned merit, Elastos is worth investing in.
Amazing news, Huobi is having a talk contest. Interested participants can watch and share the Huobi talk interview with Ring Chen of Elastos from Tuesday July 2 till Monday July 9. The price is to share the prize pool of up to 215.25 ELA worth over 4,460 USDT.
To participate:
The winners are the top three sharers, facebook(most number of shares), twitter(most number of RTs) and on Reddit(most number of comments) and all three winners will share the pool prize of 86.10 ELA, so each person gets 6.37 ELA which is 198 USDT.
Also, participants who partake in the interview feature sharing will get to share the participation prize pool of 129.15 ELA which is 2,678 USDT.
