The crypto market may have recovered a little bit, but it’s still far off from its all-time highs. But while this latest wave of recovery seems to be led by bitcoin (BTC) maximalism, there are all indications that good altcoins will thrive. This is visible in the cryptos that major corporations have been choosing to work with lately, as well as the ones that regulated exchanges are listing. In the last few days, we have seen Coinbase come up with a list of cryptos it is looking into including little known BAT. We have also seen Samsung announce that they are accepting payments in Steem, in some Baltic states. All this points to a future where useful altcoins will thrive. One altcoin that has a good future is Elastos (ELA).
Elastos (ELA) is a project that aims to decentralize the internet. As per their website, the project aims to create a web environment where decentralized applications are detached from the internet, while at the same time being able to scale almost infinitely.
The fact that Elastos allows applications to operate without interacting directly with the internet gives it a massive use case in multi-billion dollar industries of the future. One industry where it has a huge use-case potential is in the autonomous car industry. One of the biggest threats to the autonomous car industry is viruses and other forms of hacking attacks. That’s because if a hacker takes control of such a vehicle through the internet, they can do lots of damage, including kidnapping and crashing it in an act of terror. However, with a technology like Elastos which allows for applications to operate while detached from the internet, this threat is pretty much eliminated. As such, Elastos could very easily become the tech that drives this industry that is still in its infancy. Given the huge potential of the autonomous car industry, Elastos making inroads in it would no doubt lead to an explosion in the value of Elastos (ELA).
With its ability to eliminate the threat of virus and other cyberattacks, Elastos also has the potential to change the whole architecture of operating systems as we know them today. That’s because it has a feature that allows it to run applications both on smart phones and PCs without having to interact directly with the internet. This is a huge boost to internet security for everyday mobile and PC users. People lose critical data to hackers all the time and the fact that Elastos can eliminate this could see it take over as the preferred operating system for both mobile and PC. Think of it like a decentralized and extremely secure version of Microsoft windows or Google’s Android. Its potential on this front could see the value of Elastos (ELA) shoot up by a magnitude of 100 or more.
Elastos (ELA) also happens to a mineable coin, and miners will be in a position to mine this coin after December 2018. Being a mineable means that it adheres to the ideas of blockchain technology, especially decentralization. In the next crypto bull run, Elastos (ELA) could hit $150 based on its potential to change the internet.