1H
0.21%$0.0012
24H
1.34%$0.0078
7D
-0.37%$0.0022
30D
-8.30%$0.0531
Elastos is a blockchain-powered Internet in which you have complete control of your digital assets. As a creator, this includes your books, movies, games, etc. Or even as an average user, your data. The project’s team believes that Ethereum and other dapp platforms face limitations at scale. They argue that they’re great for smart contracts but are slow, inflexible, and inconvenient for full applications. On a fundamental level, Elastos is a platform for decentralized apps (dapps) that solves these issues. ELA is the currency of the Elastos network. You can use them for any activity on the system such as investing in digital assets, trading, or paying fees – to name a few. The token economics and distribution for this token are complex. The team minted 33 million ELA in the Genesis block, and a large chunk of them was locked up by investors for interest rewards. Those rewards vary from 4 to 6 percent depending on the lock-up duration. The team has also reserved half of the token supply to reward people who contribute to the ecosystem. Additionally, the network creates ELA at a 4% yearly inflation rate through a process called merged mining.
This guide will discuss Ceramic Protocol, how it works, and why it’s important. We will explore the potential uses of this technology and explain why it could be a game-changer.
Here is everything you need to know about the newly introduced Physical Backed Tokens (PBTs) that will solve the common challenge caused by fake and doctored ownership documents in the physical world.