Long term Trend Analysis for Elastos "The Modern Internet"
Trend analysis of my favorite project Elastos. Imagine a peer to peer internet secured by Bitcoins hashing power with the technology to secure all other chains like Ethereum allowing projects to focus on their technology and usable products and services.
Rong Chen has worked in the computer industry since early Microsoft days working on operating systems. He has had a long term vision on how operating systems should work and he can explain in great detail for those interested he has great interviews available. A short explanation of the project for those interested taken from Rong Chen interviews.
The idea of SaaS was presented by Microsoft in 1998 and 1999, but it was not fully realized. People think that web service for the masses is SaaS. In fact, web service is still far from reaching our original vision. In a big way, Win10 finally attained what we thought up in 1998 and 1999.
Fortunate for us with a little luck Rong Chen worked on his project Elastos long enough that Rong made it to see the digital revolution of trusted decentralized peer to peer interactions in Bitcoin giving him the vision to start the journey to finish his the ultimate vision of Elastos with the help of those looking to build a new internet.
Elastos is actually creating this universal P2P network. For example, if you want to download a movie, file, or audio text, this P2P network is actually similar to Skype, or QQ. The first step of this network is to initiate decentralization, and use blockchain technology to remove skype.com and tencent.com. Elastos’s P2P network has already been open sourced and they post progress on bi-weekly report.
Elastos looks at the problem of the current internet in a very holistic way seeing its lack of data ownership and privacy as fatal flaws. Through its use of Elastos Carrier, Hive (decentralized file storage), Trinity browser and other vital pieces, Elastos attempts to build a peer to peer internet where trusted users interact and build value together on a trusted network with true data ownership and privacy.
June will hold the initial Cyber Republic election and be a very large step for Elastos. While DPOS voting has been going off as planned with the elected nodes confirming transactions, often maintaining over 50% of Bitcoins hash rate. Merged mining is done with a simple line of code and no additional computing power(currently @ 48% of BTC hash rate) election will open up elected officials to help direct the project and use funds to increase development.
The ELA token has not performed well to its current date,however that has not kept the team from putting out a new bi-weekly report like clock work and continuing the build the project Rong Chen has visioned. With your help and participation in the new Cyber Republic we can build a new and better internet.
Will you be part of history voting in the inaugural Cyber Republic Election?
cyberrepublic.org/
Tuum Tech Bi-Weekly Report
youtube.com/watch?v=zpwI_uwBnLk&t=676s
Rong Chen has worked in the computer industry since early Microsoft days working on operating systems. He has had a long term vision on how operating systems should work and he can explain in great detail for those interested he has great interviews available. A short explanation of the project for those interested taken from Rong Chen interviews.
The idea of SaaS was presented by Microsoft in 1998 and 1999, but it was not fully realized. People think that web service for the masses is SaaS. In fact, web service is still far from reaching our original vision. In a big way, Win10 finally attained what we thought up in 1998 and 1999.
Fortunate for us with a little luck Rong Chen worked on his project Elastos long enough that Rong made it to see the digital revolution of trusted decentralized peer to peer interactions in Bitcoin giving him the vision to start the journey to finish his the ultimate vision of Elastos with the help of those looking to build a new internet.
Elastos is actually creating this universal P2P network. For example, if you want to download a movie, file, or audio text, this P2P network is actually similar to Skype, or QQ. The first step of this network is to initiate decentralization, and use blockchain technology to remove skype.com and tencent.com. Elastos’s P2P network has already been open sourced and they post progress on bi-weekly report.
Elastos looks at the problem of the current internet in a very holistic way seeing its lack of data ownership and privacy as fatal flaws. Through its use of Elastos Carrier, Hive (decentralized file storage), Trinity browser and other vital pieces, Elastos attempts to build a peer to peer internet where trusted users interact and build value together on a trusted network with true data ownership and privacy.
June will hold the initial Cyber Republic election and be a very large step for Elastos. While DPOS voting has been going off as planned with the elected nodes confirming transactions, often maintaining over 50% of Bitcoins hash rate. Merged mining is done with a simple line of code and no additional computing power(currently @ 48% of BTC hash rate) election will open up elected officials to help direct the project and use funds to increase development.
The ELA token has not performed well to its current date,however that has not kept the team from putting out a new bi-weekly report like clock work and continuing the build the project Rong Chen has visioned. With your help and participation in the new Cyber Republic we can build a new and better internet.
Will you be part of history voting in the inaugural Cyber Republic Election?
cyberrepublic.org/
Tuum Tech Bi-Weekly Report
youtube.com/watch?v=zpwI_uwBnLk&t=676s
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