Elastos
Crypto Overview
Project Overview
Elastos (ELA) is a blockchain platform launched in 2017 that aims to create a new kind of decentralized Internet, often referred to as the 'Internet of Smart Web'. The project combines blockchain technology with a peer-to-peer network infrastructure to enable the creation of decentralized applications that run on a secure, virtual ecosystem.
Intended Utility
The primary intended utilities of Elastos include: serving as the native token for the Elastos Smart Web Platform, facilitating the creation and execution of decentralized applications (dApps), enabling digital asset ownership and rights management, and powering a decentralized identity system.
Actual Utility and Development
The platform maintains active development with regular updates to its core infrastructure. The Elastos ecosystem includes several key components: Elastos Runtime (virtual machine), Elastos Carrier (P2P network), and Elastos Blockchain (main chain and sidechains). The project has demonstrated real-world applications in digital identity management and content distribution.
Token Distribution and Governance
The token distribution shows a relatively balanced allocation, with no concerning concentration in founder or team holdings. The project implements a merged mining approach with Bitcoin, which adds to its security model. The ecosystem operates through a Delegated Proof of Stake (DPoS) consensus mechanism for its governance.
Technology and Revenue Model
The revenue model is based on network usage and transaction fees, without reliance on interest-bearing mechanisms. The platform's focus on digital rights management and content creation aligns with halal business practices.
Crypto Impact
To assign a comfort level investing in Elastos from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Elastos.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.