aelf (ELF)

Aelf (ELF) is a blockchain-based decentralized cloud computing network that allows its users to securely manage cross-chain transactions, coordinate communication among various blockchains, and provide resources to its users. It was founded by one of China’s most well-known blockchain pioneers, Ma Haobo, as a fork of Ethereum in 2017. The platform is designed to provide enterprise-grade blockchain solutions, specifically tailored to meet the needs of large businesses that require private, secure and efficient blockchain networks. It combines the latest blockchain technology and self-evolving governance mechanisms to offer various features such as cross-chain compatibility, smart contract scalability, parallel high-speed processing of the entire system. Aelf features an innovative consensus algorithm called ‘Proof of Stake with Delegated Resource Sharing’ or DPoS for short, which combines the best of both worlds of DPoS and PoS. The DPoS mechanism allows for faster transaction processing by delegating certain key decisions to stakeholders with a minimum amount of ELF tokens, who are called ‘miners’. Mining is rewarded with staking rewards on the ELF blockchain. Aelf can be used by companies and organisations to develop, manage and deploy decentralised applications (dapps) with specific functions and capabilities. Additionally, multiple blockchains can be linked together and maintained on one Aelf network, greatly increasing the efficiency of the network and reducing the cost of development and management. ELF tokens are fully tradeable and can be bought and sold for other digital and traditional forms of currency. They are available for trade on major exchanges such as Binance, Huobi, HitBTC and Gate.io. Moreover, ELF tokens and other ERC20 tokens can be stored in popular Ethereum wallets such as Trezor, MyEtherWallet, Coinomi and Metamask, as well as hardware wallets. To summarise, Aelf is a revolutionary blockchain-based cloud computing network that allows companies and organisations to develop, manage and deploy decentralised applications (dapps) with specific functions and capabilities. It is powered by ELF tokens, which are energy-efficient and allow for faster transactions. ELF tokens are currently available for trade on major exchanges.