Aelf is a decentralized self-evolving cloud computing network, and its team is aiming for it to be the “Linux system” of the blockchain community.
What is aelf (ELF)?
AELF is a scalable blockchain platform that uses multi-chain architecture and parallel processing to make itself the “decentralized cloud computing blockchain.” Its inception is based on the reasoning that one blockchain cannot satisfy the scalability, availability, and flexibility characteristics that an Ideal blockchain should have. It also allows side chains to join and leave the main chain dynamically.
aelf (ELF): History
The team of aelf (ELF) includes Ma Haobo, Chen Zhuling, Fu Li, Yang Yalong. Currently, Ælf is an ERC20-based token, but as soon as the Main Chain is released, all ERC20-based tokens will be converted to Ælf’s currency. The maximum supply is 1,000,000,000 tokens, and the current amount is 260,000,000. Its value has surged in the last few weeks.
How does aelf (ELF) Work?
ELF has its features. Our opinion is that one Blockchain may not be adequate to fulfill all of the requirements you want. But aelf established a Blockchain system, which functions as an operating system similar to Linux. Aelf will run nodes on clusters to optimize the performance. It will allow assigned transactions to different groups based on mutex of the operations.Transactions within a group will be concocted in a linear sequence, while all groups will be treated together. The Main Chain will adopt DPoS consensus protocol for ensuring high TPS and predictability of block formation. Ælf token holders elect the assigned node groups according to the node’s processing efficiency as well as their profitability.
How buy Buy aelf (ELF)?
The best place to store the ELF’s you have bought is MyEtherWallet because it is based on ECR20-standard. Create a wallet in MyEtherWallet and make a note of the address and the keystore file safely. Then buy some Ethereum from exchanges like Coinbase and CEX.io etc. and then use services like Binance to exchange it for Aelf.
aelf (ELF) Price Prediction 2018
As aelf is a newly emerged coin, it has not reached a high point. But we can expect its surge in this year as its popularity increases day by day. aelf is a lousy long-term investment option. If the user is looking for virtual currencies with a good return, aelf is a bad option. ELF price equal to 0.693 USD at 2018-03-24. According to forecast in one year the price will lower down to 0.000 USD. So if the user invests in this, it will be devalued in future. ELF price today is $0.693 and have the current supply of 250,000,000 ELF. The market cap value is $174,205,250, and the volume is marked as $13,689,000.