Elastos is a token which aims to create a newer version of the internet, powered by the blockchain technology and can run on any device, helping to fix several problems such as increasing the security, fixing the general internet protocols, etc. Elastos aims to make digital assets tradable and identifiable, intending to build a World Wide Web that respects those rights. Installing Elastos is like installing Java in your computer, which is instantly adaptable and runs in the background. The combination of Elastos and the blockchain technology is the foundation for a trustworthy and secure platform for decentralized apps running on a peer-to-peer (P2P) network.
Elastos is one of those projects that created a large community within a short time frame. Last year Elastos achieved a great milestone when 220K of Elastos carriers were being deployed across the world. Elastos is working towards making the routing protocols decentralized so that the internet traffic can be relayed peer to peer which can enhance censorship of certain website or apps, effectively.
Elastos is one of the most innovative coins that uses the concept of blockchain to power a complete, self-sufficient ecosystem, created by Rong Chen and Fen Han. Elastos is not just a cryptocurrency project, but instead a network-based operating system. An operating system that uses the blockchain technology to implement peer-to-peer, decentralized, secure, and tamper-proof transfer, storage, and trade of digital assets, as well as issue smart contracts and run dapps, all in one ecosystem.
Elastos coin is the first to use the internet not as an application, but as a base on top of which the Elastos (ELA) runtime executes. This means that any Dapp first passes through the Elastos engine before it can communicate via the internet, providing robust security and stability. The unique approach Elastos brings to utilizing the full power of blockchain technology, innovating new and exciting ways of using distributed, peer-to-peer, and decentralized operating systems to accomplish complex tasks such as secure transfer of value in an irrefutable way, make the future prospects of ELA extremely good.
Elastos has its certain uniqueness, which has created a certain aspect of speculations amongst the masses, and hence certain prediction sites have given their own predictions:
Crypto Ground is a crypto prediction site which has given predictions for not only 2020, but even 5 years down the line. They have predicted that in a year Elastos might reach $2.8627 and in 5 years, ELA might reach $93.0201.
Wallet Investor has carefully taken down the conservative path and predicted that Elastos might go up to $2.060.
Digital Coin Price has given the predictions on a yearly basis till 2026. They believe by 2025, Elastos might go upto $10.26.
Elastos has been in the news lately as it is planning a Proof of Stake (PoS) consensus model, wherein they are planning to include the port of Ethereum Virtual Machine as a friend chain. They even have plans for strengthening the Elastos carrier network, where almost 1 million Elastos TV boxes nodes might be deployed across the world, which is a huge part of the developmental plan for the Elastos community. They are even planning for smart web feature as per Elastos news, where it wouldn’t be only developer-friendly, but also consumer-friendly. This additional feature might lead to a high adoption rate and Elastos price might reach $4.38.
Elastos 2020 might turn out to be one of the best years for the crypto industry. There might be lots of partnerships and community fostering happening in 2020, which might increase the adoption rate exponentially. Eventually, the use case might also intensify and it might give Elastos a better exposure. Even it might reach in the top 20 cryptocurrency list by market capitalization. By 2020, Elastos might reach $4.38, which might lead to greater opportunities for Elastos.
In 5 years time frame, Elastos is going to go to greater heights, which might eventually make it one of the top 10 cryptocurrencies by market capitalization because of its stability in performance and potential to grow. Elastos might reach $10.95.
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