Elastos: A Blockchain Project Merging with Bitcoin
Elastos and Bitcoin Merge-Mining
Elastos, a public blockchain project, has been merge-mined with Bitcoin since 2018. This unique arrangement allows Elastos to leverage Bitcoin's immense hashing power, securing its blockchain network while receiving the corresponding hash rate in exchange for its ELA token.
Recent Price Performance
As of today, the price of Elastos (ELA) stands at 504, marking a significant change of 2859 over an unspecified period. However, it's worth noting that the price has decreased by 013% in the past hour and 230% over the past 24 hours. Meanwhile, Elastos ELA is currently valued at 359, representing a 09% increase from an hour ago and a modest 165% increase over the past day.
Elastos' Future Plans
Elastos is actively exploring new opportunities to expand its ecosystem. Notably, the project is targeting the growing demand for Bitcoin staking by introducing a Bitcoin Layer 2 offering. This strategic move aims to attract users and drive value for the Elastos ecosystem. By offering Bitcoin staking within its platform, Elastos aims to provide users with a convenient and secure way to participate in securing the Bitcoin network while earning rewards. This innovative approach further exemplifies Elastos' commitment to blockchain innovation and its ambition to capture a significant market share in the rapidly evolving digital asset landscape.
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