What is Elastos?
Elastos aims to be a DApps (Decentralized Applications) platform in the peer-to-peer network that would run without the help of a third party. Regardless of their operating system, users can access DApps on their mobile phones, computers or tablets. The goal is to ensure an entirely secure environment on the Web that enables DApps to be fully accessible for millions of people without a connection to the Internet.
By creating a network of Dapps that are not connected to the Internet, Elastos may prevent people from stealing or re-uploading content online, where the original owner can not monetize or monitor it. Elastos Runtime provides a closed ecosystem in which digital content is stored, displayed and monetized by the Elastos Smart Internet. ELA tokens are used to pay for digital content access in this closed environment and to ensure the profitableness of the company itself.
The creators of the content may even restrict, creating scarcity, the number of copies permitted for circulating within Elastos’s ecosystem. A writer, for example, may decide to publish only 5,000 copies of his Elastos novel, or an artist could only allow for 10 copies of their artwork to be shared through the network.
Features of the Elastos Project
Elastos Smart Platform has 4 foundations, on which it stands:
Elastos Blockchain offers a transparent network with a trustworthy identity for all apps, people, websites and digital property.
Elastos Runtime: Runtime is an operating system, which prohibits direct access to the Internet for applications and services. Elastos Runtime operates on the mobile phone or the PC of a client.
The Carrier Elastos. Elastos Carrier is a fully open network for peer-to-peer interactions between the clients.
Dapps use the SDK Elastos to access their IDs and Elastos Carrier services via the smart cloud. Elastos software development kit.
Why Atomic is the best choice for your Elastos assets?
First, let’s see what are the major pros of investing in Elastos:
The system offers innovative and customer financial opportunities, so more consumers can use Elastos so as not to loot and re-fill material online where the original owner can not monetize or keep track of it.
A Runtime feature provides a closed environment where the Elastos Smart Web can store, display and monetize digital content.
The strong technical team and consultant group of already successful companies with blockchain (NEO, Bitmain, etc)
Atomic Wallet combines advanced technologies, as well as the best design and safety solutions.
For users, that want to protect their funds and keep them in a safe place, a fully secure and convenient platform has been built. We chose to describe the way that was always in line with the crypto-monetary spirit. Atomic Wallet is simple, easy to use, supports a wide variety of assets and implements Atomic Swap technology.
How does Atomic work?
Atomic Swaps is where the Wallet gets its name from. As the Atomic swap ecosystem evolves it will be a major crypto game changer. The swaps are decentralized and do not require a third-party to make the transaction.
Atomic swaps work cross-chain and, which secures you and your partner from any possible threats. Fees are also decreased, so there is no need to buy/sell tokens for the first time on an exchange, that will take a large cut of your profits.
The Atomic Wallet currently supports BTC, LTC, and QTUM only atomic swaps but the team works on adding additional coins for atomic swaps.
To open your Atomic Wallet, follow these 4 steps:
Step 1: Download and install your wallet on your device
Step 2: After the successful installation, click on the ‘Create’ button, and decide on a solid password that will be the first protection layer of your account
Step 3: Once you set the password, the wallet will automatically generate a 12-word mnemonic keyphrase and prompt you to make a copy of it.
Step 4: You have the Atomic Wallet account ready to use after copying the keyphrase. Please note, that each atomic wallet address will be generated automatically from the mnemonic seed sequence for your crypto assets. If you lose the seed, in case of PC loss or failure, you will not be able to recreate or recover the wallet.