ELA Elastos Rank #1188 $0.3780 ▲ 50.00%

Elastos is a blockchain-based platform designed to support a decentralized internet referred to as the SmartWeb. Founded by operating system expert Rong Chen, it functions as a Layer 1 network that runs auxiliary sidechains and is often grouped within the Bitcoin sidechain and Ethereum ecosystem categories. The native asset ELA is used across this infrastructure for transactions, staking, and governance. The project combines Bitcoin's hashpower with a Delegated-Proof-of-Stake consensus to secure its mainchain, while offloading smart contract execution to compatible sidechains such as Ethereum. Beyond blockchain, Elastos integrates peer-to-peer networking, decentralized data storage, and a decentralized identity (DID) framework intended to give users control over their digital assets. elastOS serves as the flagship application, bundling these tools into a single environment for accessing decentralized apps, with availability on Android and ongoing development for iOS and desktop. Through its Cyber Republic initiative, Elastos operates a community-governed grant program that supports startups and existing projects building within its ecosystem.