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Element Stock

Element

ELMT

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Element Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität

Element FAQ

Element is a cryptocurrency project focused on providing innovative and efficient financial solutions within the digital asset space. For further detailed information and real-time updates about Element, please refer to Eulerpool.

Element (ELMT) distinguishes itself within the cryptocurrency sector by integrating blockchain technology with ethical sourcing and sustainability principles. Unlike tokens typically generated through Initial Coin Offerings (ICOs), ELMT is minted directly on the Element Blockchain, providing rewards to node owners who maintain licenses that empower the network. As an ERC-20 token, ELMT has been bridged to the Ethereum Network, enhancing its compatibility and utility. The Element Blockchain operates under a Distributed Governance Framework (DGF), a charter ratified by its community of node owners. This decentralized governance model ensures the network remains community-driven and transparent. Element United, the organization behind ELMT, is dedicated to developing blockchain-based products and services, avoiding token promotion or exchange listings. Their mission is to address destructive mining practices with innovative solutions like NFTs, interactive gaming, and tokenized carbon offset programs. Element United partners with mining operations to encourage sustainable practices, providing alternative revenue streams and certification programs that underscore environmental stewardship. This strategy not only reduces the ecological footprint of mining but also fosters ethical practices across various sectors, including fashion and mining. The company's dedication to transparency and compliance is evident in its independent operation from the blockchain, skillfully navigating regulatory landscapes. By harnessing blockchain technology, Element United aspires to transform industries, advocating for sustainability and ethical practices while rewarding participants within its ecosystem.

What technology underpins Element?

The technology underpinning Element (ELMT) represents an intriguing intersection of blockchain innovation and environmental responsibility. Fundamentally, Element functions on the Element Blockchain, a decentralized network upheld by a community of node owners. These owners are tasked with safeguarding the integrity and security of the blockchain. The blockchain's governance operates under the Element Distributed Governance Framework (DGF) Charter, which was democratically voted upon and ratified by the node owners themselves. The Element Blockchain adopts a distinctive method for minting its tokens. Diverging from many cryptocurrencies introduced through Initial Coin Offerings (ICOs), the ELMT Token is minted directly on the Element Blockchain as a digital reward for node owners. These tokens are ERC-20 compliant and have been bridged to the Ethereum Network, enhancing interoperability and utility across the broader cryptocurrency ecosystem. Security is of utmost concern for any blockchain, and Element addresses this through decentralization. By dispersing control among numerous node owners, the blockchain reduces the risk of attacks from malicious entities. Each transaction undergoes verification by multiple nodes, making it exceedingly challenging for any single entity to modify the blockchain's records. This decentralized verification process ensures that the blockchain remains tamper-proof and resilient against attacks. Element United, the entity behind the blockchain, is dedicated to harnessing blockchain technology for environmental and ethical purposes. They employ advanced technologies such as LiDAR, imagery, local lore, and 43-101 mining reports to fulfill their mission. These technologies aid in creating detailed and accurate representations of mining sites, which are essential for their environmental initiatives. Beyond the blockchain, Element United engages in several innovative projects aimed at curbing harmful mining practices. They collaborate with mines to establish alternative revenue streams, develop blockchain-based products like NFTs and interactive gaming, and institute mining certification programs that advocate for environmental responsibility. Notably, their tokenized carbon offset program incentivizes sustainable practices by allowing participants to earn tokens for reducing their carbon footprint. Element United functions independently from the blockchain, concentrating on building products and services that align with their mission. They do not promote the ELMT token or facilitate its exchange listing, nor do they create liquidity for the token. This distinction ensures that their endeavors remain transparent and compliant with regulatory standards, adeptly navigating the complex realm of blockchain technology with integrity. The integration of decentralized governance, cutting-edge technological applications, and a strong commitment to environmental sustainability distinguishes Element within the blockchain sphere. By merging these elements, Element not only offers a secure and efficient blockchain platform but also makes a positive contribution to global environmental initiatives.

What are the practical applications of Element in real-world scenarios?

Element (ELMT) is a cryptocurrency distinguished by its commitment to ethical and sustainable practices across multiple industries. It utilizes blockchain technology to enhance transparency and accountability in sectors like mining, fashion, and finance. By collaborating with mining operations, Element seeks to establish alternative revenue streams that mitigate the environmental impact of conventional mining methods. This is accomplished through blockchain-based offerings such as NFTs, interactive gaming, and certification programs that promote responsible environmental management. Within the financial sector, Element facilitates cross-border payments and supports tokenized assets, simplifying peer-to-peer transactions while maintaining privacy. The Element Blockchain is administrated by a community of node owners and governed by the Element Distributed Governance Framework (DGF) Charter. This decentralized model ensures that the blockchain functions transparently and adheres to regulatory standards. Element further finds application in e-commerce, where it verifies the authenticity of certified products. This adds a layer of trust for consumers who are increasingly attuned to ethical sourcing concerns. Additionally, the platform supports digital identity management, offering a secure and efficient method for identity verification in various online transactions. In the realm of healthcare, Element's blockchain technology can securely store and share patient records, ensuring that sensitive information is accessible only to authorized parties. This enhances data security and streamlines healthcare service delivery. The ELMT token, issued on the Element Blockchain and bridged to the Ethereum Network as an ERC-20 token, serves as a digital reward for node owners who sustain the blockchain. Element United, the entity behind the blockchain, is focused on developing blockchain-based products and services without engaging in token promotion or exchange listings. This separation allows the company to operate within regulatory frameworks transparently and compliantly. Element’s adaptability also extends to supply chain management, where it tracks goods from production to delivery, ensuring transparency and minimizing the risk of fraud. This is especially beneficial in industries where product provenance is critical, such as pharmaceuticals and luxury goods. For further information, you can look up Element on Eulerpool.

What significant events have occurred for Element?

Element (ELMT) has established itself within the cryptocurrency sector by emphasizing environmental solutions and blockchain technology. Unlike many tokens introduced via ICOs, ELMT is minted directly on the Element Blockchain. This blockchain is sustained by node owners who maintain node licenses, earning ELMT as a digital reward. Originally native to the Element Blockchain, the token has been bridged to the Ethereum Network as an ERC-20 token. A significant event for Element was the formulation of its Distributed Governance Framework (DGF) Charter. This framework, ratified by node owners, ensures community management of the blockchain, thereby fostering decentralized governance. Element United, the entity behind the blockchain, refrains from promoting the token or managing its exchange listings, concentrating instead on the creation of blockchain-based products and services. Element's participation in High-level Inter-Ministerial dialogues was another major milestone, highlighting the company's dedication to utilizing blockchain technology for societal advancement. Element's initiatives also extend to the fashion industry, where blockchain is deployed to improve transparency and traceability within supply chains. The company is committed to environmental causes, as reflected in its partnerships with mining operations. By developing alternative revenue streams for mines, Element seeks to mitigate the environmental impact associated with traditional mining practices. This goal is supported by mining certification programs aimed at promoting environmental stewardship and tokenized carbon offset initiatives. Element has also explored the realms of NFTs and interactive gaming, further expanding its blockchain applications. These activities are part of a broader strategy to integrate blockchain technology into various sectors, thereby advancing adoption and illustrating the potential use cases of ELMT. Element's humanitarian projects underscore its dedication to social impact by leveraging blockchain technology to tackle urgent global issues. These projects showcase the versatility and potential of the Element Blockchain. Element Nodes and Element Digital Rewards are essential components of the ecosystem, promoting participation and ensuring the network's strength. Node owners play a pivotal role in sustaining the blockchain, receiving digital rewards in the form of ELMT tokens. The company's focus on transparency and compliance is evident in its operations. Element United engages with the regulatory environment with a commitment to full transparency, ensuring that its activities adhere to legal and ethical standards. Element's journey exemplifies a combination of technological innovation and social responsibility, positioning it as a significant entity in the blockchain space. For further financial and market data on Element (ELMT), please refer to Eulerpool.

Who are the founders of Element?

Element (ELMT) distinguishes itself in the cryptocurrency arena through its innovative approach to blockchain technology and commitment to environmental sustainability. The visionaries behind Element are Fred Wang and Zhang Hongliang. Fred Wang contributes extensive expertise in blockchain development and has played a pivotal role in crafting the technical architecture of the Element Blockchain. In contrast, Zhang Hongliang, with his background in environmental science and business, has been instrumental in integrating sustainable practices within the project. Element United, the organization responsible for Element, is dedicated to addressing harmful mining practices through groundbreaking blockchain solutions. The ELMT Token, an ERC-20 token, is generated on the Element Blockchain and acts as a digital reward for node owners. Governance of the blockchain is community-driven, orchestrated by node owners in accordance with the Element Distributed Governance Framework (DGF) Charter. Element United refrains from promoting the token or managing its exchange listings, upholding a commitment to compliance and transparency.

Investors interested in Element are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.