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Is elastos (Ela) outperforming the global cryptocurrency market?

With a price increase of 2.00% in the last 7 days, Elastos (ELA) is outperforming the global cryptocurrency market which is down -6.70%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%. What is the market sentiment of Elastos today?

What is elastos blockchain?

The Elastos blockchain uses merged mining with Bitcoin. It means block consensus is reached on both chains simultaneously. The Bitcoin network is used as a parent blockchain to Elastos. Merged Bitcoin mining ensures Elastos has enough hashing power to be protected against 51% attacks. Another perk is no need for additional energy resources.

What is elastos and how does it work?

Elastos is the first open source Internet Operating System with a decentralized peer-to-peer economic infrastructure powered by blockchain technology. It can be used to authenticate digital rights, transfer contracts, turn digital information into assets and will serve as a new smarter and safer World Wide Web, also called the Internet of Wealth.

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