Elastos Price (ELA)

Elastos logo
$2.19-5.02%1D
Coinbase
ELA
USD
1 ELA =$2.19Last updated:
Disclaimer: This page may contain affiliate links. Bitcompare may be compensated if you visit any links. Please refer to our Advertising disclosure.

Price of Elastos (ELA) today

As of the latest data, Elastos (ELA) is currently priced at $2.19 with a market capitalization of $50.34M. The 24-hour trading volume stands at $367.70K, The circulating supply of Elastos is approximately 22.09M. The cryptocurrency has seen a -5.02% decrease in value over the past 24 hours.

About Elastos (ELA)

Elastos (ELA) is a digital asset with a focus on providing a secure and decentralized internet infrastructure. The asset aims to create a new kind of internet that is free from centralized control and censorship. Elastos utilizes blockchain technology to enable secure peer-to-peer communication, digital asset ownership, and decentralized applications. With a strong emphasis on privacy and security, Elastos offers users a platform where they can interact and transact without the fear of data breaches or third-party interference.

One of the key features of Elastos is its use of a decentralized consensus mechanism, which ensures that transactions are secure and transparent. Additionally, the asset leverages sidechains to enable scalability and flexibility for developers looking to build decentralized applications on the platform. Elastos also provides a virtual machine that runs on users' devices, allowing for a more efficient and secure computing environment.

Overall, Elastos is designed to revolutionize the way we interact with the internet by providing a secure and decentralized ecosystem for digital transactions and communication. Whether you are a developer looking to build decentralized applications or an individual concerned about online privacy, Elastos offers a unique solution that prioritizes security and user control.

How does Elastos work?

Elastos (ELA) is a decentralized platform that aims to create a secure and scalable environment for peer-to-peer transactions. It utilizes blockchain technology to establish a trustless system where users can interact directly without the need for intermediaries. Elastos employs a unique consensus mechanism known as AuxPoW (Auxiliary Proof of Work) to secure its network and validate transactions. One of its key features is the integration of a runtime environment that isolates applications from the internet, enhancing security and privacy. Elastos can be used for a wide range of applications beyond just financial transactions, including digital asset management, decentralized applications, IoT devices, and more. Its decentralized nature and innovative approach set it apart from traditional financial systems, offering a versatile platform with potential applications across various industries.

How to keep your Elastos (ELA) safe?

To keep your Elastos (ELA) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets store your private keys offline, making them less vulnerable to hacking. Additionally, platforms like Coinbase offer trusted storage options for your ELA, with advanced security features such as two-factor authentication and insurance coverage in case of theft. By utilizing these secure storage solutions, you can protect your Elastos investment from potential threats and ensure peace of mind.

Resources

Elastos Buying Guide

Frequently asked questions about Elastos (ELA)