In 2018, Rong Chen launched Elastos (ELA), aiming to solve issues related to data security and user privacy in the digital world.
As a next-generation Web 3.0 platform, Elastos plays a crucial role in creating a decentralized intelligent World Wide Web (SmartWeb) based on blockchain technology.
As of 2025, Elastos has become a key player in the blockchain industry, offering decentralized platform services such as identity, communication, storage, and computing. This article will analyze its technical architecture, market performance, and future potential.
Elastos was created by Rong Chen in 2018, aiming to address issues related to data security and user privacy in the digital era.
It was born during the blockchain technology boom, with the goal of providing a system platform that supports distributed applications while ensuring user privacy protection and data security.
Elastos's launch brought new possibilities for building a decentralized internet infrastructure.
With the support of the Elastos Foundation and community, Elastos continues to optimize its technology, security, and real-world applications.
Elastos runs on a decentralized network of computers (nodes) spread across the globe, free from control by banks or governments. These nodes collaborate to verify transactions, ensuring system transparency and attack resistance, giving users greater autonomy and improving network resilience.
Elastos's blockchain is a public, immutable digital ledger that records every transaction. Transactions are grouped into blocks and linked through cryptographic hashes to form a secure chain. Anyone can view the records, establishing trust without intermediaries. The main side chain structure further enhances performance and scalability.
Elastos adopts a multi-layer consensus mechanism to validate transactions and prevent fraudulent behaviors such as double-spending. Validators maintain network security through running nodes and participating in consensus, and are rewarded with ELA tokens. Its innovations include a more efficient and secure consensus mechanism.
Elastos uses public-private key cryptography to protect transactions:
This mechanism ensures fund security, while transactions remain pseudonymous. Additional security features include decentralized identity and data ownership.
As of November 19, 2025, Elastos (ELA) has a circulating supply of 23,007,768 tokens, with a total supply of 26,140,380 tokens.
Elastos reached its all-time high of $89.14 on February 24, 2018.
Its lowest price was $0.793867, recorded on January 8, 2023.
These fluctuations reflect market sentiment, adoption trends, and external factors.
Click to view the current ELA market price

Elastos' ecosystem supports various applications:
Elastos has established partnerships with various blockchain projects and organizations to enhance its technological capabilities and market influence. These partnerships provide a solid foundation for Elastos' ecosystem expansion.
Elastos faces the following challenges:
These issues have sparked discussions within the community and market, driving continuous innovation for Elastos.
Elastos' community shows vitality, with active participation on various social media platforms. On X, posts and hashtags related to Elastos often gain traction. Factors such as new feature releases and ecosystem developments ignite community enthusiasm.
Sentiment on X presents a mix of opinions:
Recent trends show a generally optimistic outlook on Elastos' technological advancements.
X users actively discuss Elastos' role in Web 3.0 development, decentralized identity solutions, and its potential impact on internet infrastructure. These discussions highlight both its transformative potential and the challenges in achieving mainstream adoption.
Elastos is redefining the digital landscape through its blockchain technology, offering decentralized identity, storage, and a foundation for Web 3.0 applications. Its active community, rich resources, and technological innovation make it stand out in the cryptocurrency domain. Despite facing challenges such as market competition and adoption rates, Elastos' innovative spirit and clear roadmap position it as a significant player in the future of decentralized technologies. Whether you're a newcomer or an experienced player, Elastos is worth watching and participating in.
ELA stands for English Language Arts, a core subject focusing on reading, writing, and communication skills in English.
No, ELA (English Language Arts) is not exactly the same as English class. ELA often covers a broader range of skills including reading, writing, speaking, and listening, while traditional English classes may focus more on literature and grammar.
An ELA teacher plans lessons, teaches reading and writing skills, assesses student work, manages classrooms, and communicates with parents to support student learning.
ELA stands for Elastos, a blockchain platform designed to create a new internet powered by blockchain technology. It aims to provide a decentralized and secure ecosystem for digital assets and data.
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