elastos

elastos

(ELA)

Not Available

Market Data For elastos

Current Price $11.70
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Mining Pools For elastos

Pool Location Fee Rating
MINING POOL HUB | Reviews & Features EUROPE,USA,ASIA 0.9% PPLNS 5

Asic Miners For elastos

Name Hashrate Power Noise Algo
Hummer Miner H10 135 TH/s 3450W 75db SHA-256
Bitmain Antminer S19j Pro (100Th) 100 TH/s June 2021 75db SHA-256
iPollo B2 110 TH/s 3250W 75db SHA-256
MICROBT WHATSMINER M30S++ (110TH/S) 110 TH/s 3410W 75db SHA-256
MICROBT WHATSMINER M30S++ (108TH/S) 108 TH/s 3348W 75db SHA-256
MicroBT Whatsminer M30S++ 112 TH/s 3472W 75db SHA-256
Antminer S19 Pro (110Th) 110 Th/s 3250W 75db SHA-256
MicroBT Whatsminer M30S+ 100 Th/s 3400W 75db SHA-256
Bitmain Antminer S19 (95Th) 95 TH/s 3250W 75db SHA-256
BITMAIN ANTMINER S19J (90 TH/S) 90 TH/s 3250W 75db SHA-256
Canaan AvalonMiner 1246 90 TH/s 3420W 75db SHA-256
iPollo B1 85 TH/s 3400W 75db SHA-256
MicroBT Whatsminer M30s 86 TH/s 3268W 72db SHA-256
Bitmain Antminer T19 (84Th) 84 TH/s 3150W 75db SHA-256
Canaan AvalonMiner 1166 Pro 81 TH/s 3276W 75db SHA-256
Bitmain Antminer S17+ 76Th 76 TH/s 2920W 75db SHA-256
CANAAN AVALON MINER 1146 (75TH) 75 TH/s 3400W 75db SHA-256
Bitmain Antminer S17+ (73Th) 73 TH/s 2920W 75db SHA-256
Bitmain Antminer S17+ 70TH 70 TH/s 2800W 75db SHA-256
StrongU Hornbill H8 74 TH/s 3330W 76db SHA-256
CHEETAH MINER F5+ 66T 66 TH/s 2838W 75db SHA-256
AvalonMiner 1166 – 68T 68 TH/s 3196W 75db SHA-256
MicroBT Whatsminer M31s 70 TH/s 3220W 75db SHA-256
Asic Miner 8 Nano Pro 76 TH/s 4000w 48dB SHA-256
Innosilicon T3+Pro 67T 67 TH/s 3300W 75db SHA-256
MicroBT Whatsminer M32 68T 68 TH/s 3312W 75db SHA-256
Bitmain Antminer S17e (64Th) 64 TH/s 2880W 80db SHA-256
MicroBt Whatsminer M20s (64Th/s) 68 TH/s 3360W 75db SHA-256
Canaan AvalonMiner 1146 Pro 63 TH/s 3276W 75db SHA-256
ASICminer 8 Nano S 58Th 58 TH/s 2500W 47db SHA-256
Bitmain Antminer T17+ (64Th) 64 TH/s 3200W 75db SHA-256
StrongU STU-U8 Pro 60 TH/s 2800W 76dB SHA-256
Cheetah Miner F5i-60T 60 TH/s 2820W 72db SHA-256
Bitmain Antminer S17 Pro (53Th) 53 TH/s 2094 W 82 db SHA-256
Bitmain Antminer S17 (56Th) 56 TH/s 2520 W 82 db SHA-256
Bitmain Antminer S17 Pro (50Th) 50 Th/s 1975 W 82 db SHA-256
Bitmain Antminer S17 (53Th) 53 TH/s 2385 W 82 db SHA-256
Innosilicon T3+ 57T 57 Th/s 3300W 75db SHA-256
AvalonMiner 1146 – 56T 56 TH/s 3192W 75db SHA-256
Ebang Ebit E12+ 50 TH/s 2500W 75db SHA-256
MicroBt Whatsminer M10s 55 TH/s 3500W 75db SHA-256
Bitmain Antminer T17e (53Th) 53 TH/s 2915W 82dB SHA-256
MicroBt Whatsminer M21s (56Th/s) 56 TH/s 3360W 75db SHA-256
MICROBT WHATSMINER M21S (52TH/S) 52 TH/s 3120W 75db SHA-256
Ebang Ebit E11++ 44 TH/s 1980W 75db SHA-256
ASICminer 8 Nano 44Th 44 TH/s 2100W 47db SHA-256
Hummer Miner H7 Pro 53Th 53 TH/s 3445W 74db SHA-256
Bitfury Tardis 80 Th/s 6300W 80db SHA-256
Innosilicon T3 43t 43 TH/s 2100W 75dB SHA-256
Hummer Miner H7 Pro 48Th 48 TH/s 3120W 72db SHA-256
Innosilicon T3 50T 50 TH/s 3100W 75db SHA-256
Ebang Ebit E12 44 TH/s 2500W 75db SHA-256
ASICminer 8 Nano Compact 40 TH/s 2300W 47db SHA-256
Canaan AvalonMiner 1066 50 Th/s 3250W 75db SHA-256
Bitmain Antminer T17 (40Th) 40 Th/s 2200 W 82 db SHA-256
Innosilicon T3 39T 39 TH/s 2150W 75db SHA-256
Ebang Ebit E11+ 37 TH/s 2035W 75db SHA-256
Canaan AvalonMiner 1047 37 Th/s 2380W 70db SHA-256
Canaan AvalonMiner 1041 31 TH/s 1736W 70db SHA-256
Canaan AvalonMiner 1041F 33.5 TH/s 2110W 70db SHA-256
Bitmain Antminer S15 (28Th/s) 28 TH/s 1596W 76dB SHA-256
MicroBT Whatsminer M21 (31Th/s) 31 TH/s 1860W 75dB SHA-256
Ebang Ebit E11 30 TH/s 1950W 75db SHA-256
MicroBT Whatsminer M10 33 Th/s 2145W 75db SHA-256
Innosilicon T2 Turbo+ 32T 32 TH/s 2200W 72db SHA-256
Cheetah Miner F3 30 TH/s 2200W 65db SHA-256
Bitmain Antminer T15 23 TH/s 1541W 75db SHA-256
Holic H22 22 Th/s 1700W 70db SHA-256
Bitmain Antminer S11 (20.5Th) 20.5 Th/s 1530 W 76 db SHA-256
Innosilicon T2 Turbo 24 Th/s 1980W 72db SHA-256
Aisen A1 22-25TH/s 24 TH/s 2100W 75db SHA-256
Bitfily Snow Panther B1+ 24.5 Th/s 2100W 75db SHA-256
Canaan AvalonMiner 921 20 TH/s 1800W 65dB SHA-256
Innosilicon T2 Turbo 25T 23 TH/s 2050W 75db SHA-256
Canaan AvalonMiner 911 19.5 TH/s 1750W 70db SHA-256
Bitmain Antminer S9 SE (16Th) 16 Th/s 1280 W 76 db SHA-256
Bitfily Snow Panther B1 16 Th/s 1380W 75db SHA-256
Innosilicon T2 Terminator 17.2 Th/s 1570W 72db SHA-256
Halong Mining DragonMint T1 16 Th/s 1480W 75db SHA-256
Aladdin Miner 16 TH/s 16 Th/s 1400W 76db SHA-256
GMO miner B3 33 Th/s 3417W 75db SHA-256
Bitmain Antminer S9 Hydro (18Th) 18 Th/s 1728 W 45 db SHA-256
Canaan AvalonMiner 841 13.6 Th/s 1290W 65db SHA-256
Bitmain Antminer S9j (14.5Th) 14.5 Th/s 1350 W 76 db SHA-256
Canaan AvalonMiner 851 14.6 TH/s 1450W 65db SHA-256
Bitmain Antminer S9i (14Th) 14 Th/s 1320 W 76 db SHA-256
Bitfily Snow Panther A1 49 Th/s 5400W 82db SHA-256
Ebang Ebit E10.3 24 TH/s 2640W 75db SHA-256
Canaan Avalon Miner 841 13.6 TH/s 1290W 65dB SHA-256
Antminer S9k (13.5Th) 13.5 Th/s 1310 W 76 db SHA-256
Bitmain Antminer S9 (14Th) 14 Th/s 1372 W 85 db SHA-256
Bitmain Antminer S9i (13Th) 13 Th/s 1280W W 76db SHA-256
Bitmain Antminer S9 (13.5Th) 13.5 Th/s 1323 W 85 db SHA-256
Bitmain Antminer S9 (12.5Th) 12.5 Th/s 1225 W 85 db SHA-256
Antminer S9 (13Th) 13 Th/s 1300W W 85db SHA-256
Bitmain Antminer S9 (11.5Th) 11.5 Th/s 1127 W 85 db SHA-256
Canaan AvalonMiner 821 11.5 Th/s 1200W 65db SHA-256
Bitmain Antminer R4 8.7 TH/s 845 W 52 db SHA-256
Ebang Ebit E9.2 12 Th/s 1320W 70db SHA-256
Ebang Ebit E9i 13.5 Th/s 1420W 74db SHA-256
Ebang Ebit E9.3 16 Th/s 1760W 72db SHA-256
Pantech SX6 8.5 Th/s 1000W 72db SHA-256
Bitmain Antminer T9 (11.5Th) 11.5 TH/s 1450 W 68 db SHA-256
Bitmain Antminer T9 (12.5Th) 12.5 Th/s 1576 W 68 db SHA-256
Bitmain Antminer T9+ (10.5Th) 10.5 Th/s 1432 W 76 db SHA-256
Canaan AvalonMiner 741 7.3 TH/s 1150W 65dB SHA-256
Ebang Ebit E9+ 9 Th/s 1300W 75db SHA-256
Antminer S3 478 GH/s 366 W 60 db SHA-256
Bitmain Antminer S7-LN 2.7 TH/s 697 W 48 db SHA-256
Bitmain Antminer V9 (4Th) 4 TH/s 1027 W 76 db SHA-256
MicroBT Whatsminer M3X 12.5 Th/s 2050W 78db SHA-256
MicroBT Whatsminer M3 12 Th/s 2000W 78db SHA-256
Canaan Avalon 6 Miner 3.5 TH/s 1100W 65db SHA-256
Bitfury B8 49 Th/s 6400W 85db SHA-256
Bitmain Antminer S7 4.73 Th/s 1293W 62db SHA-256
Pantech WX6 34 Th/s 5000W 72db SHA-256
Bitmain Antminer S4 2 TH/s 1450W 62db SHA-256
ALADDIN L2 (30TH) 30 H/s 2200W 72db SHA-256
Hummer Miner H9 Pro 80 H/s 3360W 75db SHA-256

Coin Data For elastos

Calculator For elastos

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About elastos

Elastos Review: Mining Guide, Price & Analysis of Elastos Cryptocurrency

Elastos is a blockchain project that seeks to revolutionize the Internet. The goal is to have a network that offers users decentralized web services. Exchange of data is peer to peer. This means that there is no need for a centralized institution to run servers.

To do this, Elastos integrates blockchain technology with traditional Internet services. This produces a new structure for the Internet. Here, people will own their digital work. Consequently, they can generate wealth from their work.

Currently, content creators rely on central institutions for distribution. Therefore, they do not own their digital work. However, the company gives content creators ownership of their work of art. It helps create a platform where users can trust each other. This is because everything is transparent in this network.

The Elastos project offers a lot of social and economic incentives. It is easy to see the cryptocurrency community get behind it. Moreover, the governance of this platform is community-based. Let’s see how it works.

How Elastos Works

Elastos assumes a main chain sidechain structure. The sidechains host decentralized applications. Users can access these DApps on their operating systems. Then, the mainchain hosts the communication of all sidechains.

To allow communication, Elastos uses a Simplified Payment Verification mechanism. Here, the sidechain implements the SPV module of the mainchain. This allows the sidechain to achieve synchronization with the mainchain. Therefore, the sidechain can easily confirm the main chain block and all transfers.

Elastos Review, Elastos Company

Further, the main chain’s arbitrators powers all transactions. The arbitrators have different roles depending on the direction of the transaction. When moving from the mainchain to the sidechain, the arbitrator only facilitates the transaction. However, when the transaction is from the sidechain, the arbitrator must sign the transaction.

The arbitrators allow the main chain to confirm transactions. Users can vote on who gets to be an arbitrator. The arbitrators regularly rotate to achieve equality. Additionally, the arbitrators need to have enough computing power to manage the workload. Arbitrators receive rewards from transaction fees.

Further, Elastos uses smart contracts. This gives it more versatility. It allows developers to build and launch their decentralized applications. It is a direct competitor of the Ethereum blockchain. However, Ethereum is better-established. It is impossible to tell whether this cryptocurrency can dethrone a big player like Ethereum.

Can Investors Mine Elastos Coins?

Yes, it is possible to mine Elastos coins. The platform uses a Proof of Work consensus that supports merged mining. Merge mining is the process of mining two different cryptocurrencies at the same time. In this case, Elastos supports merged mining alongside Bitcoin.

This comes with a lot of benefits. Here, Bitcoin is the better-established blockchain. Hence, the platform can use some of its hash power in its consensus process. Consequently, this adds another layer of security to the network.

The arbitrators act as miners. They package transactions and generate the mining transaction on the mainchain. Then any full nodes on the sidechain can validate blocks on the network.

This process comes with many benefits. For starters, it helps prevent the centralization of mining power. Consequently, it prevents 51% attacks on the network. Additionally, the process does not require heavy computational power.

The Team behind Elastos

Elastos has a great team behind it. The founder and CEO of Elastos is Rong Chen. He has excellent experience in software engineering. Previously, Rong Chen worked at Kortide. Here, he served as the Chairman and CEO. Additionally, he was a Senior Software Engineer at Microsoft for over seven years.

By his side is Feng Han. He is the co-founder. Feng has tons of experience as a lecturer of AP Physics. Additionally, he is the founder of the MIT IDE Blockchain Pillar and Education.

These individuals have great experience to spearhead any blockchain project. Therefore, it is safe to say that Elastos is in great hands. Moreover, there are more team members with vast experience in diverse areas. The entity also has great advisors and partners.

Elastos Coin Performance

The Elastos coin powers transactions on the Elastos network. It currently holds the 325th position in market cap share. This is good but not that great. The coin has over three years in the market. We expect it to do better in the markets. However, it is easy to see why Elastos does not see excellent performance in the market.

Elastos is competing with centralized tech companies that are better-established and better-funded. The team at Elastos needs to help the public understand the merits of such a project. Only then will it see better adoption.

The company currently has a market cap of $26,376,421. Additionally, it has a 24-hour trading volume of $1,713,472. This shows that the coin has a lot of potential to grow.

Privacy and Security

Elastos has excellent security features. Both Elastos DApps and Elastos smart contracts run on the Elastos Smart Web. This results in a closed environment that attackers cannot penetrate. This implementation design is more secure since no transactions happen off-chain. Additionally, it is faster.

Further, Elastos prevents interaction with TCP/IP. Instead, the system is responsible for finding data in remote locations. It then provides a response to the users. This prevents malicious activity on the application or remote service.

Elastos Review, Elasos Features

Moreover, Elastos gains another layer of security from merge mining. This is because it takes advantage of the hashing power of Bitcoin. This makes it computationally expensive to attack the network.

Further, the network utilizes smart contracts. These add a layer of security to transactions.

Our Take on Elastos

Elastos has a great mission behind it. The project presents a lot of social and economic incentives. The company completely removes the need for central institutions on the Internet. This means that users have total control over all resources and applications. This is the initial intended form of the Internet.

However, Elastos does not have great adoption in the community. It faces stiff competition from centralized institutions with better funding. Moreover, such institutions have well over ten years in the markets. It is hard to see how the coin will dethrone them. The only possibility we see is Elastos gaining slow traction over a long time.

Advantages

  • The platform offers decentralized Internet services.
  • It is secure and fast.
  • It has decentralized governance.

Disadvantages

  • The coin faces stiff competition from better-established central institutions.

How to Buy this Coins

If you like what you see with Elastos, then you can buy it coins. There are several exchanges that you can purchase this coin from. These include Huobi Global, BitZ, Poloniex, CoinEgg, KuCoin, and LBank. At the time of writing this, one coin costs $1.53.

The total supply of Elastos is 23,084,774 ELA, and the circulating supply is 17,244,540 ELA. This means that this coin has the potential to grow in value with more adoption. Therefore, you may want to hold this coin and sell it at a later date. You can store your coins in the proprietary Elastos wallet. It is available on Android, iOS, and there is a web-based version.

Final Verdict

Elastos offers great prospects. Elastos implements a decentralized Internet architecture. This is the original vision of the Internet. It is easy to see this project get more people behind it. However, stiff competition from centralized institutions is a problem. It may stunt the adoption of the platform.

Nonetheless, this project has the potential to grow. The team of this company only needs to help the public understand its merits.

What People Are Saying About elastos