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aelf is an open-source blockchain network designed as a complete business solution. The structure of ‘one main-chain + multiple side-chains' can support developers to independently deploy or run DApps on individual side-chains to achieve resource isolation. aelf technology adopts Parallel Processing & AEDPoS Consensus Mechanism. Based on the cross-chain technology of the main-chain index and verification mechanisms, aelf achieves secure communication between the main-chain and all side-chains, as a result, allows direct interoperability between side-chains.
aelf meets the governance needs of varying applications by providing different models, including a Parliament Governance Model, an Association Governance Model, and a Referendum Governance Model. Through the incentive model, the network is equipped with a self-sustainable system and can roll out self-development on a practical basis. Simultaneously, developers can debug, develop and deploy applications based on a mature IDE, provided by aelf.
In order to achieve its goals, Aelf shall have to design a unique operating system with the capability of countering snags such as scalability, unequal distribution of resources, and lack of predefined consensus algorithms. For it to sufficiently counter these setbacks, Aelf comes equipped with the following features:
The system has a core chain and several lateral chains, creating a pronged bionetwork. Additionally, Aelf can connect with blockchain structures such as Bitcoin and Ethreum by means of an adapter. Distinct lateral chains are charged with individually handling a specific business problem or transaction. Thus, this is an excellent move for Aelf’s structure that is majorly based on the satisfaction of commercial needs; and this follows the distribution of individual errands to distinct chains that enhances processing adeptness.
The core chain receives tokens from lateral chains to index their data, as some kind of an operational fee. The amount of tokens a lateral chain needs to disburse is determined by its contribution to the network; the more you supply to the system, the less you pay.
This will be achieved by applying Delegated Proof-of-Stake (DPoS). Aelf nodes take up the responsibility of registering data from various lateral chains and onto the core chain. Aelf token (ELF) holders select mining nodes by voting. Then, chosen nodes determine the process of disseminating mining benefits to the rest of the nodes and stakeholders.
When it comes to ambitious projects such as aelf, the main question is whether or not it can actually build this technology from the ground up. According to its whitepaper, establishing a multi-chain parallel computing blockchain framework will not be easy. More specifically, aelf will need to develop a native operating system designed to meet commercial needs. Three main challenges will need to be countered: scalability, segregation of resources, and a predefined consensus algorithm to adopt updates.
To address all of this and more, the aelf project will consist of one main chain and various side chains. This branched ecosystem approach will open up a lot of exciting opportunities moving forward. Moreover, aelf is capable of connecting with Bitcoin, Ethereum, and other blockchain systems through an adaptor. Every individual chain in the aelf ecosystem will be dedicated to one type of transaction and tackle one type of business problem. From a commercial point of view, this solution makes a lot of sense.
The consensus protocol embraced by aelf will focus on DPoS. It is a system we have seen in a few other blockchain projects as well, although its actual potential has yet to be determined as of right now. If all goes according to plan, aelf will provide high performance combined with smart contracts running on their own blockchain and a way for token holders to vote for decision-makers and representatives. A decentralized cloud network may eventually become a reality, assuming the team can put their vision into working code.
aelf price today(Sep 30,2021) is $0.621418 with a 24-hour trading volume of $139,415,819. ELF price is up 7.5% in the last 24 hours. It has a circulating supply of 460 Million ELF coins and a total supply of 880 Million.
aelf ' ROI with 445% in a year exceeded in 'Infrastructure' category which had 404% growth over the past year. It underperformed in the crypto market which had 3218% growth over the past year. You can track aelf's Return On Investment (ROI) on our website for Free.
A capable marketing team and brand awareness have a direct impact on the success of any project. According to our data, aelf's Twitter account saw a decrease of -39% in the number of followers over the months from May 04 until September 30 of 2021. Moreover, its Telegram channel users went up by -3% over the same period. You can follow aelf's popularity using our report, which is accessible in our website's popularity.
Our data indicate that aelf's ranking among the markets' cryptocurrencies in terms of market capitalization increased significantly over the last months, from 268 to 212. Also, its price saw a similar trend, rising from $00.44 to $0.56 today. However, its liquidity score is 55% upper the market's average score, which means that it would be easier to sell aelf if the market is falling. You can find our report about aelf's market capitalization, price, and liquidity score on our webpage.
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