Elastos

Powered by blockchain, the new internet infrastructure of Elastos provides a virtual ecosystem where decentralized applications are protected from the vulnerabilities of the existing internet while allowing near infinite scalability to billions of users.The Elastos operating system can be installed onto any smart device in the world. When these smart devices are all linked through our peer to peer network, we will create one global supercomputer with one operating system for the entire network.Our vision is to provide users with an actual trustful runtime environment that utilizes blockchain technology to enable the construction and use of any application on our network. Through the ownership, protection and exchange of data and digital assets, Elastos is the catalyst for the next global economy.
 Elastos is merged mined with Bitcoin to optimize energy efficiency and leverage the pre-established security of the Bitcoin network to all Elastos applications. Sidechains are included in this extra layer of security, thereby utilizing Bitcoin hashpower in multiple chains.
 The main chain handles basic payments and asset transfers. All other functions, including smart contracts, run on sidechains where fully autonomous applications may create additional sidechains.Employing AuxPoW+DPoS as a consensus model for the Elastos Blockchain, sidechains may choose POW merged mining with ELA or consensus models such as PoS, DPoS, and others.