Abstract.. Let (R,G) be a pair consisting of an elliptic root sys-tem R with a marking G. Assume that the attached elliptic Dynkin diagram Γ(R,G) is simply-laced (see Sect. 2). We associate three Lie algebras, explained in 1), 2) and 3) below, to the elliptic root system, and show that all three are isomorphic. The isomorphism class is called the elliptic algebra. 1) The first one is the subalgebra g̃(R) generated by the vac-uum eα for α ∈ R of the quotient Lie algebra VQ(R)/DVQ(R) of the lattice vertex algebra (studied by Borcherds) attached to the elliptic root lattice Q(R). This algebra is isomorphic to the 2-toroidal algebra and to the intersection matrix algebra proposed by Slodowy. 2) The second algebra ẽ(Γ(R,G)) is presented by Chev...