Elastos is a self-sufficient decentralized internet and operating system that uses the concept of the blockchain to power it. It is not a currency project, rather a network based operating system that uses secure transfer methods of assets, issuance of smart contracts and DApp support through one overarching ecosystem. ELA is extremely new to the cryptocurrency-sphere, and uses a new approach called ‘dual-blockchain.’ Elastos split the blockchain in two to reduce the strain due to the network load of everything their project does, and currently uses a main blockchain serving as the dedicated operating system, and a side-chain for executing DApps and smart contracts.
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