elastos token | BTCC Knowledge

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What is elastos token (Ela)?

As mentioned in the white paper, the Elastos token (ELA) can also be defined as an intrinsic digital currency that functions on the Elastos blockchain. Elastos aims to develop a new and unique internet or network supported with blockchain technology. On that new platform, people can own digital assets and trade them for generating revenue.

What is elastos blockchain & how does it work?

Elastos blockchain is utilized for the purpose of exchanging digital goods across the entire ecosystem. ELA is utilized to process peer-to-peer payments, execute smart contracts, and store information on the decentralized chain. Even though Elastos is merged-mined with Bitcoin, ELA is not dependent on the Bitcoin blockchain.

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?

How many Ela coins does elastos have?

Elastos has a maximum supply of 28,220,000 ELA coins. Keep in mind that Elastos is actively searching for both new and existing DApp projects throughout its Cyber Republic initiative. How Is the Elastos Network Secured?