Elastos wants to turn digital assets, such as movies, games, and music tradable, meaning that once you own an asset you can actually sell it back. It's not common with digital content, right? In theory, you own a song or a movie on your computer because you can watch it as many times as you want, which gives you the feeling of ownership... but you can’t sell it. You might wonder then, ''Do I really own my digital assets?'' Elastos wants to give original content creators ownership of their creations. The team is also working on creating a decentralized, peer-to-peer internet to provide a safe and reliable experience for internet users all over the world.
Currently, there's a circulating supply of 7,722,239 ELA out of 33,647,865 coins.
Alt coin Review Date: 11/10/2018
Coin Price at time of Review
This project promises ownership of your original content, a secure platform to develop dApps and a decentralized internet service, however, I don't see much advertising for Elastos. It is a little bit of a less known coin but I think it's ambitious in a good way.
Elastos implementation of ID's for digital content would be especially interesting for artists who make their creations only to get stolen from another individual, or even worse, a big company.
I'm actually excited about this project since it solves a real and common problem and many people will benefit from this project. Hopefully, they'll be able to list Elastos on more exchanges soon. I currently don't hold any ELA tokens but I will be buying soon.
About the author:
Miriam Ibarra has a Bachelor's Degree in Accounting and has been trading in cryptocurrency since 2016. She is the COO and co-founder of ViveCrypto (2017).