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Jon Hargreaves is the Global Head of growth at Elastos, a public blockchain project building modern Internet infrastructure that provides protection for privacy and digital asset ownership. Why you should listen ELA (Elastos) is a digital asset and part of a broader ecosystem aimed at creating a secure, decentralized internet. It benefits from merged mining with Bitcoin, meaning it leverages Bitcoin’s Proof of Work (PoW) security without additional energy consumption. Smarter Bitcoin, powered by Elastos, revolutionizes Bitcoin’s capabilities with merged mining and smart contracts, enhancing its utility and security. This innovative strategy leverages Bitcoin’s vast hashing power through merge-mining with Elastos, ensuring dual network security and rewarding Bitcoin miners with ELA. By marrying Bitcoin’s unparalleled security with Elastos’s scalability and flexibility, Smarter Bitcoin marks a significant advancement in blockchain technology, offering enhanced security, efficiency, and utility for both users and developers, paving the way for a more integrated and innovative digital world. BeL2, Bitcoin Elastos Layer 2, is a Layer 2 platform enhancing Bitcoin by enabling its transactions to interact with smart contracts on other blockchains, offering unique interoperability and smart contract extension features. It stands out by allowing Bitcoin to maintain its integrity while engaging in the programmable and dynamic world of decentralized applications (DApps). BeL2 serves as a bridge, making Bitcoin more versatile without changing its fundamental protocol. It supports the development of DApps that capitalize on Bitcoin’s security and user base, thereby broadening Bitcoin’s utility and application scope. This Layer2 solution focuses on cross-chain interactions and smart contract integration, differentiating it from conventional Layer 2 technologies that primarily target scalability or transaction speed improvements. Elacity is an Elastos project delivering a decentralized Digital Rights Management (dDRM) system to revolutionize digital asset monetization by eliminating traditional centralised license servers. This innovative approach automates license issuance and enables immediate…

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Filed under: News - @ September 5, 2024 10:21 pm