What Is Elastos For Beginners

Understanding Elastos the Web/Internet

The best reference for the starters

Elastos is a new Internet that is not controlled by any big corporations. Anyone can recreate or build new applications like Youtube, Facebook, Twitter, or anything that is useful but with more benefits. For example, there is already an application called Feeds which is like Twitter without Twitter the company between you and your data. This means users are in control of everything they do, they own their content and there’s also no virus and hacks. There’s others applications but if you want to understand more in details I recommend this article: https://elastos.info/feeds-an-introduction/

Elastos also allow people to interact/transact online without trusting anyone else, for example normally people would have to go to Ebay in order to sell something, because they have insurances/guarantees people trust that Ebay(third party) will behave righteously and the seller and buyers will get what they want. Elastos leverage a technology that can allow people do the same thing without any third party involved, which is called peer-to-peer meaning that you wouldn’t need an ebay or something else to transact/exchanges things on the Internet. There’s much more into Elastos and the picture below will help you understand what is the Elastos New Internet, it’s the Bright Web.

Most people are only aware of the surface Web, it’s the Web of users with applications that people use like Google, Facebook, Amazon, and basically everything you use in your daily life when you are on your phone or computer. As you can see the Deep Web is for medical records, government resources, legal documents, financial records, and others. Finally, there’s the Dark Web for drug trafficking and other illegal things while remaining anonymous or untraceable. Elastos is the Bright Web and can indirectly improve all of them but it’s not really suited to be a Dark Web, it’s more suited to ameliorate the Surface Wev and Deep Web. Owning your data/data privatization doesn’t make you completely anonymous by definition. Even though you could still use an avatar and other things, you are still responsible for your online behavior and can get traced if you are doing illegal things. Also, the creators of the applications are partially held responsible for the contents of their app. After all, AppStore/PlayStore might delist an App when they see fit but it could still be available on the computer somehow but let’s not dive into this topic. Social app influencers may also be required to have verifiable credentials compliant to local regulations. Without going into details when I say app or applications on Elastos, it’s more a Dapp or Decentralized application because there’s no control of a single authority behind it.

What is the purpose/value of this bright web?

The current Internet cannot protect users’ privacy and data which seriously hinders the prosperity of the Internet economy moving forward. Only a few big corporations controllers all the Internet (Surface Web) and with a concentration of power, comes to a lack of security, transparency, and responsibility as the entities become so colossal that their power becomes monopolistic, meaning they can make their own rules at the expense of their consumers. For example, Facebook, Amazon, Twitter, and all the big tech sell people’s data without any consequences. This data doesn’t even belong to them, since it’s the users that produce the data, meaning the decision over what’s done with that data should become a choice at the user level. The absence of data ownership is a crucial privacy concern as the world progress into a digital era. Only Elastos could truly solve this issue.

Even, Mark Zuckerberg the founder of Facebook is announcing that Facebook is going to be a data privatization platform. This is not going to end well because the infrastructure that caused all these problems won’t become the solution to these problems. Only Elastos can successfully bring together a combination of unique components to create a perfect platform (Bright Web), one where everyone is equal and can produce wealth by creating, owning, buying, and selling digital assets online like physical goods today. An environment where no third party and no single entity controls the platform itself. A true Bright Web for all. Your data, your control. If you want to understand the flaws of the current Internet and how the big corporations make trillions on your back.

I recommend reading this article, every users is a byproduct of the Internet, if people understood how much money they indirectly gives for free with their data each year they would be blown away, we are talking on average between $250 to $10 000 worth each year per person. “Consumers have their own ideas. To help fuel the multimillion-dollar advertising businesses of Google and Facebook, Joshua Rivera, an avid Twitter user, said he guesses his personal data is worth about $10,000 a year.”

It’s the first time in our history that we could actually buy the Internet (Elastos) that we call the Web 3.0 or Bright Web, it was impossible during the dotcom bubble, even if it was known as the internet bubble it was fueled by investments in internet-based companies during the bull market in the late 1990s, but people were not able to buy the Internet itself.

Here’s a short video explaining Elastos in 2min: https://www.youtube.com/watch?v=5eBqXgRn5vg&feature=youtu.be

Here’s a more technical video of the founder Rong Chen: https://www.youtube.com/watch?v=sVzJxld8VZc

For more info, follow me on Twitter: https://twitter.com/ChimpyXBT

Elastos’s websites: https://elastos.info https://www.elastos.org

Elastos on CoinMarketCap: https://coinmarketcap.com/currencies/elastos/

Sources:

  1. https://www.washingtonpost.com/technology/2019/10/14/what-you-do-internet-is-worth-lot-exactly-how-much-nobody-knows/
  2. https://medium.com/wibson/how-much-is-your-data-worth-at-least-240-per-year-likely-much-more-984e250c2ffa
  3. https://theconversation.com/what-if-the-companies-that-profit-from-your-data-had-to-pay-you-100380
  4. https://theconversation.com/how-much-is-your-data-worth-to-tech-companies-lawmakers-want-to-tell-you-but-its-not-that-easy-to-calculate-119716