What problem does this service solve?

Aelf's goal is to be the “Linux system” on the blockchain. Users can create a customized blockchain operating system that can interact across other blockchains.

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Company Details

  • aelf
  • Founded 2017
  • Singapore
  • Decentralized Self-Evolving Computing Network

Token Stats

About aelf

Aelf calls itself a decentralized self-evolving cloud computing network. It is a blockchain operating system that can be customized for development needs. AElf hopes to improve upon current blockchain platforms by emphasizing their unique governance system and sidechain architecture.
AElf's most important feature is its multilayer sidechains and mainchains that can be used for a variety of purposes. Each chain is dedicated to a single use case, and tasks can be distributed more efficiently across multiple chains.
AElf enables cross-chain exchanges of value and has a cross-chain messaging functionality that works with other blockchains, including Bitcoin and Ethereum. Aelf enables parallel processing of transactions that promises to improve performance.
AElf users can create private chains that operate in a similar way to the Amazon's cloud hosting service, allowing developers to utilize the private chain modules to maintain full ownership of their DApps on the Aelf computing network.
Aelf has a Delegated Proof-of-Stake consensus mechanism (dPoS). ELF token holders vote on the nodes that will become mining nodes. Those elected nodes then decide how mining incentives are distributed among stakeholders and other nodes. The number of miners on the network is equal to 2N plus 1, with N beginning at 8 and increasing by 1 every year. Miining nodes relay and confirm transactions, transfer data, and package blocks.
The ELF token is also used as a mechanism for the sidechains to be indexed on the mainchain. These indexing fees vary depending on how much the sidechains contribute to the overall ecosystem.

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