Elastos price

ELA

#954

Elastos is building ElastOS, an operating system for the internet. Founder Rong Chen started on the idea in 2000, and the Elastos main chain went live in December 2017 to anchor it. ElastOS V2, released on November 2, 2026, is the operating system Elastos set out to build in 2017, and its first release made for everyday users.

ElastOS V2 runs on your own computer. Your identity, files, AI models, conversations and wallet live together in one Home. Every app works through the Runtime, which checks each request before acting on it, and payments and updates wait for your passkey.

ELA is the native coin of Elastos. It has been merge-mined with Bitcoin since 2018, it is staked to secure the main chain, and ELA holders vote in the Elastos DAO, which funds ElastOS.

Rong Chen, a former Microsoft Research engineer, is the founder of Elastos. At Microsoft he worked on the idea of a network operating system, where the network itself becomes one large computer. In 2000 he returned to China to build that idea on his own, and it became Elastos. Feng Han joined as co-founder in 2017 to bring blockchain into the project.

Rong Chen calls the goal the Elastos World Computer: "a single decentralized system used by everyone and their AI agents on Earth."

Elastos was previously managed by the Elastos Foundation, which now calls itself the NBW Foundation and has left the project. Today the Elastos DAO funds the work, and Elacity Labs builds ElastOS in public under DAO mandates.

Elastos was designed in 2017 around four pillars: blockchain, Runtime, Carrier and an SDK. ElastOS V2 brings the Runtime, Carrier and blockchain access together in one Home on your own computer. Identity, networking, storage, AI and blockchain access are services of one system, with one Runtime in front of them all.

• Runtime. Written in Rust and open source under the MIT licence. When an app wants to save a file, run an AI model or send a message, it asks the Runtime, which checks the app's signed pass and your session first.
• Home. The desktop you sign in to with a passkey. It includes Documents, Library for your files, Assistant for local AI, Marketplace, Community, People and Chat, and Wallet.
• Carrier. The peer-to-peer network that connects your Home to other Homes. Community posts, AI models and software updates travel over Carrier.
• Wallet. A wallet inside Home with ELA, ETH and BTC accounts. Each send is approved with your passkey, and it links to MetaMask and UniSat.

In ElastOS V2, your identity is created on your own computer, and a Recovery Kit lets you restore it if you lose your passkeys. AI models from Marketplace run on your computer, so your prompts stay there. Each update is signed by the publisher, approved by you with your passkey and delivered over Carrier. On Apple silicon Macs, Browser runs websites in a separate virtual machine.

ElastOS V2 runs on your local devices or cloud. It follows ElastOS V1, released in early 2026, which showed that people would run their own Home. V2 is built on the new Runtime and is a fresh install.

Elastos has a maximum supply of 28,220,000 ELA, with the last coins expected around 2105.

New ELA is issued with each main chain block. The second halving, in December 2025, cut issuance to 1% a year, about 200,000 ELA, and halvings come about every four years. Each block reward is split three ways: 35% to Bitcoin merge miners, 35% to BPoS validators and their stakers, and 30% to the Elastos DAO treasury.

ELA holders elect a 12-member Elastos DAO Council each year. The Council reviews proposals and votes on treasury spending, including the funding for ElastOS, and each councillor runs a node that supports the main chain.

The Elastos main chain is an open-source blockchain with a UTXO model like Bitcoin's. In ElastOS, it handles rights, settlement and DAO governance. It is secured by Elastic Consensus, which combines three parts:

• Auxiliary Proof of Work (AuxPoW). Bitcoin miners merge-mine ELA alongside Bitcoin at no extra energy cost, so ELA blocks are backed by Bitcoin's hash power. ELA has been merge-mined with Bitcoin since 2018.
• Bonded Proof of Stake (BPoS). Validators stake ELA, and ELA holders stake with them, to confirm blocks and give them finality.
• Proof of Integrity. Nodes run by the elected Elastos DAO Council add a governance layer that checks the integrity of consensus.

ELA trades in two versions: native ELA on the Elastos main chain, and ELA on Ethereum, a bridged ERC-20 version of ELA (contract 0xe6fd75ff38Adca4B97FBCD938c86b98772431867). Most exchanges support only one of them, so check the network before you send ELA to an exchange. Sending it on the wrong network can lose your funds.

Currently, you are able to purchase ELA at the following exchanges:

Coinbase (ELA on Ethereum)

Crypto.com (ELA on Ethereum)

Gate (Elastos main chain)

KuCoin (Elastos main chain)

HTX, formerly Huobi Global (ELA on Ethereum)

If this is your first time purchasing a cryptocurrency of any kind, you can start by learning more about buying Bitcoin here.

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