hvonsteemit analysis: Aelf (ELF)
Aelf is a decentralized, self-evolving network. It provides a highly efficient multi-chain parallel-processing system with cross-chain communication and self-evolving governance. It brings three innovations namely scalable nodes on cluster of computers, resource isolation for smart contracts via “one chain to one smart contract” and voting through token holders.
ELF tokens are used to pay resource fees in the system, such as deployment of smart contracts, operating and upgrading of systems (transaction fees, cross-chain data transfer fees). It also enables community to vote on major decisions, such as electing mining nodes, introducing new features to the system and other major decisions.
aelf's parallel processing framework enables parallel processing on all side chains. Moreover it adopts the architecture of resource isolation to ensure that the surge of traffic on one chain will not affect the efficiency of any other chain.
In the main chain it uses the DPOS consensus mechanism.
Why invest in it?
✚ solve both scalability and cross-chain communication by introducing the concept of parallel sidechains
✚ it has private chains for business
✚ Ælf envisions a cloud-computing platforms similar to AWS
✚ SmartContracts are defined as microservice in Ælf. This makes SmartContracts independent of specific programming language.
hvonsteemit score:
project | ➄
team | ➂
roadmap | ➀
community | ➂
circulating supply | ➃
Final score ➠ 3.2
(*analysis done on 25/01/2018 so things like team, community, informations, etc.. can change in the future)
how to interpret result:
1- leave it, 2- There are other fish in the sea , 3- give it a try 4- really promising, 5 - very good investment
Links:
disclaimer: this is NOT a financial advice. You should do your own research before investing
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