AELF Undervalued Crosschain Blockchain Project - December 2017
Chinese company building a crosschain blockchain
Headline
Crosschain blockchain protocol (Polkadot of China)
Advantages
- Strong technical project
- Strong vision of cross chain blockchain ecosystem
- Low cap
- Strong investors (FBG)
What is it?
- Crosschain blockchain protocol (Polkadot of China)
- A linux ecosystem for blockchain.
- Focused on improving existing blockchains
- Features
- Cross chain interaction: Aelf will interact with Bitcoin, Ethereum and other Blockchain systems. Cross-chain interaction with mainstream chains will be realised via messaging. Forming an endogenous multi-level cross-chain structure based on cross-chain interaction
- Parallel performance
- Protocol update
- Private chain module
- Interoperability with existing DAPPs on existing chains
Why is it Important?
- Scalability: Current blockchains are not scalable, as the performance of one single node/mining machine determines the performance of the whole system
- Resources: Current blockchains do not segregate resources for different Smart Contracts, leading to interference among Smart Contract executions
- Consensus Mechanism: Current blockchains do not have pre-defined consensus protocol to adopt updates or new technology
Core technology
- Main chain and multilayer side chains: To handle various commercial scenarios. One chain is designed for one use case, distributing different tasks on multiple chains and improving processing efficiency
- Communication:Communicating with external blockchain systems via messaging
- Parallel processing: Permitting parallel processing for non-competing transactions and cloud-base service
- Genesis block: Defines basic component of minimum viable block and Genesis Smart Contract collection for each chain to reduce data complexity and achieve high customisation
- Consensus: Permits stakeholders to approve amendments to the protocol, including redefining the consensus protocol. Permits side chains to join or exit from main chain dynamically based on consensus protocol. Introducing competition and incentive to improve each side chain
Valuation
- Current circulating market cap: $20m
- Potential circulating market cap: $1bn+
Summary
- This is a high quality blockchain project
- The circulating supply at presale is ~$20m
- AELF has the potential to become a $1bn circulating supply blockchain in the next 6-12 months
$ELF have officially started a bounty program, where you can earn tokens through easy tasks. Use my invitation link for a sign-up bonus. After using my link, post your own unique link below so we all benefit.
https://candy.aelf.io/account/register?invitationCode=0L0U0GeMdBaJ
Thanks for this analysis. Will help many many newbies to understand how to choose new cryptocurrencies to invest on.
You're welcome @lucamagno!
Just for those who are still looking for a valid invitation for the airdrop. You can use my link https://candy.aelf.io/account/register?invitationCode=0A0E5W612DdN
Good luck :)
That's a summary? How is that even important? Money flying around without any tangible product. This project is only on paper.
If this is actually the summary of this article, it is not one which can be taken seriously.