Elastos
Crypto Overview
Project Overview
Elastos is a blockchain-based decentralized internet platform launched in 2017 that aims to create a new kind of Internet, powered by blockchain technology. The project's core mission is to create a web infrastructure where users truly own their data and digital assets.
Intended Utility
The ELA token serves multiple purposes within the Elastos ecosystem: It acts as the native currency for the network, enables decentralized governance through voting, powers smart contract execution, and serves as a means of value transfer. The project implements a merged mining approach with Bitcoin, enhancing network security.
Actual Implementation and Usage
The platform has developed several key components: The Elastos Smart Contract Chain (ESC) for DApp deployment, a decentralized identity solution (DID), and the Elastos Carrier for P2P network communication. Current usage shows active development and real-world applications, particularly in digital identity management and decentralized storage solutions.
Token Distribution and Governance
The initial token distribution allocated 35% to the Elastos Foundation, with clear vesting schedules and transparent governance mechanisms. The project implements a democratic governance system where ELA holders can participate in decision-making through voting.
Development Activity
GitHub repositories show consistent development activity with regular updates and improvements. The project maintains an active developer community and has established partnerships with various technology companies and academic institutions.
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.