The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Elastos Founder Gives Sweeping Keynote Speech on the Brave New World of Blockchain’s New Web

by Daily Hodl Staff
July 4, 2018
in Blockchain

Elastos Founder Rong Chen gave a rousing keynote speech at the Amsterdam 2018 Blockchain Expo, the second  leg of Europe’s largest business blockchain event hosted at RAI Amsterdam Convention Centre on June 27-28.

He covered the broader vision of Elastos to create a new web that’s truly organic, without “versions”.

When operating at peak performance, Chen says the internet as we know it will no longer be an information marketplace. It will become a value marketplace.

Owning the code to your creative content

Without owning your code, you don’t own your data.

“When we talk about the ‘value internet’ versus the ‘information internet’ of the past, we’re saying, ‘Okay, this is a value internet. We can share value peer-to-peer,’” Chen said. “You have to own the code. You have to share code peer-to-peer. So that’s where the operating system, the virtual system, comes in.”

Intellectual property and creative content, from e-books to movies to music, are executed on the web but all are at risk of being ripped off.

“If you just own your own data, and you send it through social networks, people can easily piracy your work. So that means, to prevent people from copying your work, all we can do is – we can scramble your data not only into an encrypted form. We are also scrambling it into binary executables,” Chen said.

“So when you circulate binary executables among the internet, what’s going to happen? You will immediately think there’s going to be a virus. So, to find a virus, you need virtual machines. And more so, you need virtual machines because virtual machines have loaders. When the loader loads your artwork, it checks against the blockchain to see – are you still owning it? Did you sell it to someone else?”

Peer-to-peer apps to build trust

The goal is to eliminate architecture that has a single point of failure.

“You want the apps to run peer-to-peer – actually apps running on different servers on the web. They’re not really running on the blockchain because blockchain, at least the Elastos blockchain, is designed for trust. It’s not designed for running apps.”

“On the smart web, we don’t allow any single packet sent by applications. We can guarantee that it’s very hard to launch middleman attacks, very hard to launch DDos attacks. Even if application developers steal the consumers’ information, if you have no communication channel, you cannot send it out. If you have a spy in your home, there’s no way they can pass the message out. Make it harder. So then we have trust. We can have an environment to conduct peer-to-peer business.”

The smart web browser without HTTP

Elastos is designed for peer-to-peer networks for smart homes, video, audio, messaging and other applications. It will be a smart web browser without HTTP and without allowing anyone using the browser to send any internet packets without the interception of the network operating system.

Chen says they’re planning an alpha version in August of the very kind of revolutionary “new web” portrayed on “Silicon Valley.”


Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Bunzz Raises $4.5 Million Seed Round To Expand Its Smart Contract Hub for DApp Development
    January 24, 2023
  • Dogecoin and Shiba Inu Better Watch Out – Floki Just Had Three Big Things Happen for It
    January 24, 2023
  • Crypto Marketing – What Initiatives Will Bring More Value and Users in 2023
    January 23, 2023
  • Make Crypto Payments on BChat Web 3.0 Messenger – BChat Integrates Beldex Wallet
    January 22, 2023
  • KEY3.id Supports Multi-Chain Transaction, Partnership With KuCoin Wallet, CoinHub Wallet and Wallet3 To Launch 2023 Lucky Transaction Campaign With Over 30,000 Participants on Social
    January 20, 2023
  • Deposit EUR/GBP at Zero Percent Fees With Newly Launched SEPA/FPS Channels on Bitget
    January 19, 2023
  • Coinbase Lists Kava, Advancing Ethereum–Cosmos Interoperability
    January 18, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,068.18
$23,068.18
0.34%
Ethereum
$1,581.94
$1,581.94
0.54%
Cardano
$0.38697
$0.38697
1.25%
XRP
$0.412074
$0.412074
0.49%
Dogecoin
$0.089022
$0.089022
2.67%

Spotlight

  • Analyst Benjamin Cowen Issues Crypto Warning, Says Bitcoin (BTC) Rally Likely Unsustainable – Here’s Why
    January 24, 2023
  • Leading Crypto Analyst Dives Into Bitcoin and Ethereum, Says Two Altcoins Are ‘Going Through the Roof’
    January 26, 2023
  • Top Analyst Details Massive Bitcoin Target, Says Major Paradigm Shift Potentially Underway
    January 22, 2023
  • Majority of Dogecoin (DOGE) Holders Now in Profit After Shiba Inu Rival Rallies 32% This Month: IntoTheBlock
    January 25, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl