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In the Spotlight: Why Elas uses the BSV blockchain

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In the Spotlight: Why Elas uses the BSV blockchain

Not all blockchains are created equal and many of them cannot scale or offer genuine micropayment capabilities.

In today’s fast-paced technology landscape, governments and enterprises find themselves navigating a plethora of choices when selecting a suitable blockchain platform. The rapidly evolving blockchain space offers a diverse array of options, each presenting its unique features, consensus mechanisms, scalability solutions, and governance structures.

However, not all of these blockchains are created equal and many of them cannot scale or offer genuine micropayment capabilities. Mohammad Jaber (Co-Founder of Elas) explains that the decision to use the BSV blockchain was an easy one as it is the only blockchain that is truly scalable.

Elas is a company which offers blockchain-as-a-service solutions and bespoke solutions to businesses so that they may leverage the true powers of the BSV blockchain. ‘We provide a fully managed service at Elas. So from platform development to developing bespoke platforms, and leveraging blockchain technology for existing platforms with our blockchain data APIs,’ Jaber said.

Offering a fully-managed service

Jaber explains that Elas offers a fully managed service which includes everything from developing bespoke platforms to integrating existing platforms within blockchain technology.

‘Our methods allow businesses to create their private ledger on a blockchain, which is a compartmentalised zone that is ring-fenced from all other activity so that platform operators are the only ones that can see all of that information. And that is happening on the ledger and providing permissioned hierarchies to others.’

Jaber added that customers are not required to know about blockchain to begin using Elas’ tools. ‘Our customers don’t need to know any of this technical jargon. We believe that when we explain to them the value proposition in a simple way that makes sense they can understand.’

‘Our ethos at Elas is to remove all complexity in connecting our customers to the world’s most scalable technology ever. So from their perspective, they never need to acquire Bitcoin, hold Bitcoin, or see Bitcoin. We provide a fully managed service of handling all of the Bitcoin required to operate the platform so we make it as easy as possible,’ he said.

Built on the BSV blockchain

Jaber reiterated that using the BSV blockchain was ultimately an easy decision as it is the only blockchain which can meet all of their needs.

‘We are using the BSV blockchain because it is the most scalable blockchain in the world. (This includes) its unbounded limits and its permissionless nature. It also offers a full. unlocking the Bitcoin native script functionalities which allows us to be as imaginative and creative as possible when we are solving all of the complex problems for our customers,’ he said.

For a blockchain to function as a global data ledger for enterprises and governments, it must be secure, scalable, stable and support safe, instant transactions. The BSV blockchain is the only public blockchain that offers these four crucial characteristics.

It scales to meet the demands of the network, constantly expanding and reducing the size of the blocks on its network to remain both data and cost-efficient, while offering fixed low transaction costs at all times.

Ryan Brothwell

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