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ELA: The Queen of Bitcoin

Bitcoin transformed finance by deploying blockchain technology, a decentralised system that replaces central authority with cryptographic trust. At its heart lies the Proof of Work (PoW) consensus algorithm, where miners expend computational energy to compete and solve complex mathematical problems,…

Elastos Bi-Weekly Update – March 9th, 2024

In the latest Elastos Bi-Weekly Update, significant progress has been made across different areas of Elastos. Let’s take a look at some of the BeL2 and Elacity innovations! BeL2 Implementation of Consensus Circuit for BTC Transactions: A significant milestone has…

Elacity Enables ERC404 Standard for Revolutionary NFT Functionality

Elacity, the pioneering NFT Marketplace built on Elastos, today announces its support for the trading of ERC404 standard NFTs. This technical development enables the buying and selling of fractional NFTs, like Elawings, seamlessly aligning with current token trading standards. ERC404…

Open Questions After Elastos Crypto Class Action Settlement

The cryptocurrency world is new, exciting, and complex in relation to governing laws and jurisdictions around the world. The Elastos Foundation’s settlement of a class action lawsuit highlights the ongoing debate over digital assets and securities law. Bradley D. Simon,…

Beatfarm Digital and Elastos Collaborate on Music-focused Web3 Platform

Beatfarm Digital (“Beatfarm”) and Elastos today unveiled a collaboration to deliver ‘positive disruption’ to the music business based on new inscription technology and Blockchain-based music consumption models. The music creation and performance industry is notoriously inefficient when it comes to…

Announcing the BeL2 Video Competition Winners

Launched on January 2, 2024, the Bitcoin Elastos Layer 2 (BeL2) Video Competition called for submissions to clarify the benefits of Elastos’ BeL2, a Bitcoin Layer 2 solution. After a month of open submissions, which resulted in over 16 entries,…

How Bitcoin and Elastos Are Redefining Our World – Part 1

In history, technological transformations have been pivotal in reshaping human society. An early transformation brought us the power of steam and mechanised production, fundamentally altering our relationship with work and geography. Then, electricity and the assembly line ushered in a…