Elastos and ZAPYA Form Strategic Collaboration in the Blockchain and AI Space
In February 2018, Elastos announced a strategic collaboration with ZAPYA, a peer-to-peer file sharing app with over 500 million customers . ZAPYA will build its DApp ViewChain on Elastos OS, and the two will work closely on blockchain, smart contract, P2P network and distributed file storage to achieve content data verification and value distribution through blockchain, Artificial Intelligence and other related technologies.
ZAPYA is the world’s first cross-platform sharing application that facilitates high-speed mass data transmission between smartphone users. It supports various smart terminals such as Android, iOS, WP and PC. ZAPYA users can share Apps, photos, videos, music and other formats of files with anyone. Currently the number of ZAPYA users has surpassed 570 million in 178 countries and regions, therefore it is consistently number one ranked in the file sharing App category.
In 2017, ZAPYA started to explore Decentralized Content Sharing in order to further utilize its massive active user ecosystem, rich database and advanced technology. This initiative will build a brand new distributed content sharing market, which creates an even larger and more efficient platform.
Elastos is an open source operating system designed to run DApps on the Elastos P2P intranet, aiming to create a new kind of Internet, powered by blockchain technology. Elastos brings the technology to mobile devices by allowing users to access applications on any operating system, using Elastos Runtime. DApps on Elastos will operate on Elastos Runtime which in turn runs on Android, iOS or any PC operating system.
A few highlights of the Elastos blockchain structure:
- Elastos blockchain works as a trust zone for the entire network operating system that applies main and sidechain solutions to facilitate the smart economy and a healthy decentralized application environment. This means that every application built on Elastos can create individual sidechains that is thoroughly customizable, allowing clients to pick a different consensus method depending on the use case. The structure of main chain and side chain avoids main chain being overloaded and leads to easy routing and flexible extension, increasing the possibility for Elastos to be largely scalable.
- Elastos implements merged mining with bitcoin. This strategy saves resources and avoids repeated consumption. Miner submits Proof-of-Work(PoW) to both bitcoin and elastos and enjoys profits of mining competition without extra consumption of computing power. The consensus mechanism for Elastos is AuxPoW+DPoS where the mining reward distribution is 35% for AuxPoW, 35% for DPoS, 20% for Ecosystem Application Reward and 10% for Foundation Running and Development. Tokens for apps built on Elastos can be published on sidechains. These tokens may participate in two-way asset transfer across the main chain and side chains.
Feng Han, co-founder of Elastos, met ZAPYA’s CEO Xiaodong Wang in New York City to finalize the collaboration details. By working together, the Elastos community and 570 million ZAPYA users will grow into a bigger ecosystem.
Photo credit: Feng Han (https://twitter.com/SunnyFengHan/status/961463791950032896)