Elastos

Category Tutorial

Elastos BPoS NFTs: Frequently Asked Questions (FAQ)

Elastos BPoS NFTs FAQ

1. What are BPoS NFTs? A: BPoS NFTs are unique tokens that represent staked ELA on the main chain network. They allow users to retain asset liquidity while securing the network, offering flexible options like trading and collateralizing staked ELA.…

How to Use BPoS NFTs on Elastos: A Step-by-Step Guide

The Bonded Proof of Stake (BPoS) NFT system on Elastos allows users to mint, claim, manage, and redeem ELA-backed ERC721 NFTs, unlocking liquidity for Smart Chain utility whilst supporting the mainchain network’s security. Want to learn more about BPOS NFTs?…

ELA: Bitcoin Merged-Mining, Halvings & Unique Economics

BTC ELA CRC

Elastos ($ELA) presents a compelling narrative in the cryptocurrency ecosystem, paralleling Bitcoin’s disinflationary ethos while charting a unique path through its technological integration and economic modelling. Let’s explore some of the key highlights of ELA and its economic model: Merge…

BPoS Node Registration Guide

Elastos is taking the step in changing its Elastic Consensus mechanism from DPoS (Designated Proof of Stake) to BPoS (Bonded Proof of Stake). Longtime Elastos contributor and former Council member Yipeng Su constructed a thorough Proposal to ensure better security…

BPoS Staking and Voting Guide

Elastos is updating to a new Elastic Consensus mechanism from which features a novel new Bonded Proof of Stake (BPoS) from the previous Delegated Proof of Stake (DPoS). In late 2021, Yipeng Su, a dedicated contributor to Elastos, proposed the…