What is the issuance volume of Elastos (ELA) coins?

Elastos (ELA) combines blockchain and resource-isolated execution environments to provide a secure and interoperable digital infrastructure for dApps and smart contracts.

Jan 08, 2025 at 04:02 am

Key Points:

• Concept and Overview of Elastos (ELA)
• Technical Architecture and Features of ELA
• Issuance Volume and Distribution of ELA
• ELA's Position in the Crypto Market
• Potential Advantages and Applications of ELA
• Factors Influencing the Issuance Volume of ELA
• Frequently Asked Questions (FAQs)

What is Elastos (ELA)?

Elastos (ELA) is a decentralized, smart contract platform that combines blockchain technology with secure, resource-isolated execution environments. It aims to create a secure and interoperable ecosystem for dApps, smart contracts, and other applications.

Technical Architecture and Features of ELA:

• Carrier Chain: The main blockchain that hosts the consensus mechanism, ELA wallet, and application-specific data.
• Smart Chain: A high-performance, parallel blockchain that hosts smart contracts, dApps, and provides computation power.
• Resource-Isolated Execution Environments (RIEEs): Secure containers that isolate dApps and smart contracts, ensuring security and compatibility.
• Cross-Platform Support: ELA supports multiple operating systems, including Windows, Linux, and Android.
• Open Source: ELA's software and specifications are publicly available and maintained by a community of developers.

Issuance Volume and Distribution of ELA:

• Total Issuance: 33,000,000 ELA
• Initial Coin Offering (ICO): Raised 88,400 ETH in 2017, distributing 51% of the total ELA supply.
• Founders: Received 20% of the total ELA supply for project development.
• Community: Distributed through airdrops, community programs, and partnerships.
• Current Total Supply: Approximately 30,000,000 ELA

ELA's Position in the Crypto Market:

• Market Capitalization: Over $300 million
• CMC Ranking: Within the top 200 cryptocurrencies
• Trading Volume: Moderate to high on major exchanges
• Community Size: Growing community with active involvement in development and adoption.

Potential Advantages and Applications of ELA:

• Secure and Isolated DApps: RIEEs enhance security and compatibility for dApps.
• Decentralized Infrastructure: Creates a peer-to-peer infrastructure for data storage and computing.
• Cross-Chain Interoperability: Supports multiple blockchain protocols and allows for seamless asset transfer.
• Smart City Applications: Potential for use in smart city development, IoT, and vehicle-to-vehicle communication.
• Data Security and Privacy: Features like RIEEs and homomorphic encryption protect user data and privacy.

Factors Influencing the Issuance Volume of ELA:

• Market Demand: The demand for ELA is influenced by various factors, including its utility, partnerships, and overall market sentiment.
• Project Development: ELA's development roadmap, team activity, and resource utilization impact the issuance schedule.
• Regulatory Environment: Regulations and government policies can influence the availability and issuance of ELA.

FAQs:

• What is the block time of ELA?

  • Approximately 1 minute

• What is the consensus mechanism of ELA?

  • Proof-of-Work (PoW)

• Where can I buy ELA?

  • Major cryptocurrency exchanges, such as Binance and OKEx

• What is the use case of ELA?

  • Developing and deploying secure and scalable dApps

• Is ELA a profitable investment?

  • As with all cryptocurrencies, the profitability of ELA depends on numerous factors and should be assessed individually.