aelf Price Chart Update [ELF]

The ELF price update as of now is $0.5372. In the previous 24 hours, its trading volume was $11,587,331, and its value has decreased by -3.04%. As of now, ELF's live market cap is $464,253,230, and it is ranked as the #144 on the Coincu. ELF has a circulating supply of 880,000,000 and a maximum supply of 880,000,000.

The Aelf Blockchain Network: An Introduction

Aelf, also known as ELF, is a decentralized cloud computing blockchain network designed to serve as an operating system for optimal solutions in the business field. Similar to Linux, Aelf operates as an open-source platform that enhances the cohesion of the decentralized application (dApp) ecosystem. By utilizing internal and external sidechains combined with a Delegated Proof-of-Stake (DPoS) mechanism, Aelf builds a decentralized cloud network. The platform also issues a native token called ERC-20.

The Working Mechanism of Aelf Explained

Aelf follows a unique framework known as "one mainchain + many sidechains". This framework allows developers to deploy and operate dApps independently on individual sidechains, ensuring the generation of independent resources and a secure connection between the mainchain and sidechains. Aelf further facilitates direct interaction among sidechains and offers various governance models such as parliamentary governance, association governance, and referendum administration to meet the application administration needs of users. Moreover, Aelf provides a self-sustaining and automated development system, empowering developers to debug, develop, and execute Integrated Development Environment (IDE)-based applications. For enterprise-grade blockchain technology integration, Aelf Enterprise offers solutions catering to different business scenarios like supply chain management, credit establishment, asset protection, and user incentives.

Key Features of the Aelf Blockchain (ELF)

Achieving Enhanced Scalability

One of the key focuses of Aelf is to address the scalability limitations of current blockchains, particularly Ethereum. Aelf's performance scaling feature enables commercial-scale exchange and transaction processing power, thereby reducing pressure on the network.

Enabling Self-Development Capability

As a decentralized cloud computing blockchain, Aelf facilitates the connection of multiple blockchains, making it easier to build custom blockchains tailored to specific needs.

Resource Segregation for Improved Performance

Aelf serves as the infrastructure of the mainchain and connects to various sidechains, enabling the segregation of resources. This segregation significantly enhances the performance of the entire system in comparison to traditional blockchain systems like Ethereum or Bitcoin.

Aelf's Roadmap for the Future