Crypto advice: Keep an good eye on "Aelf" / "ELF"

in #me6 years ago (edited)

I would recommend you guys to keeping a good eye on "Aelf". I have heard that they are having hugh announcements ready for Consensus (the next three days). According to their roadmap it says mainnet launch in May. On Binance it is called "ELF".

About ælf...

Developed by the ælf Foundation, ælf is a decentralized cloud-computing blockchain that aims to provide a high performance platform for commercial adoption of blockchain.

Single nodes on the aelf blockchain are computer cluster networks (cloud networks). Naturally, each node on the aelf blockchain is in charge of much more processing power than usual and they scale very easily - instead of upgrading computer hardware, an operator would add more computers to the cluster. Moreover, the computer clusters can execute in parallel. Complex smart contract transactions can thus be split up and delegated to different computers who execute in parallel, resulting in much faster confirmation times. This is basically an implementation of sharding.

aelf is a multi-chain network and each side chain is independent from another and executes its own smart contracts so one chain does not slow down another. The side chains are very flexible and can even implement their own consensus mechanisms, different from the one used in the main chain. The main chain acts as the ledger and communication hub.

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 the community to vote on major on-chain decisions, such as electing mining nodes, introducing new features to the system and other major decisions, which collectively enable self-evolution capability of the network.

Exchanges where you can by ELF

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Definitely one to keep an eye on, I am looking forward to sharing technical updates with the developers' insights shortly. :)

Yes, it is an exiting coin indeed :-) Already bought in on this coin myself.

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