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aelf Price

(ELF)

Note: This cryptocurrency has not yet been officially listed on KuCoin Thailand.

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aelf (ELF) Live Price Chart

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    ELF(ELF) Profile

    altRank382
    rateB
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    ATH
    $2.76568007
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    822,343,965
    Max Supply
    1B

    About aelf

    • What Is aelf (ELF) Crypto?

      aelf is an open blockchain network designed as a complete business solution. aelf's structure consists of a main chain and multiple side chains, allowing developers to implement decentralized applications (dApps) on individual side chains and achieve resource isolation. aelf uses parallel processing and the AEDPoS (Authority Equilibrium Delegated Proof of Stake) consensus mechanism.

      In addition to the technical aspect, aelf also offers various governance models to meet the needs of different applications. These include a parliamentary, an association, and a referendum governance model. Through an incentive model, the network has a self-sustaining system and can engage in practical self-development.

      Furthermore, developers can debug, develop, and deploy applications using a mature IDE (Integrated Development Environment) provided by aelf. This positions aelf as a comprehensive blockchain solution for businesses and developers.

    • How Does aelf Work?

      The operation of aelf is based on its unique architecture: a main chain with multiple side chains. This structure allows for the isolation of resources by enabling developers to deploy their DApps on individual side chains. Interaction between the side chains and the main chain is facilitated by aelf's cross-chain technology, which ensures secure data exchange between the chains.

      The AEDPoS consensus mechanism of aelf enables efficient and democratic decision-making within the network. This mechanism is based on a combination of Delegated Proof-of-Stake (DPoS) and Authority Equilibrium, balancing efficiency and decentralization.

      aelf also offers a variety of governance models tailored to the specific needs of users. The network can make decisions considering the entire community’s well-being through these models.

    • History of aelf And ELF Coin

      aelf was founded in 2017 by Ma Haobo, previously the CEO and founder of Hoopox and the CTO of GemPay and AllCoin. aelf's headquarters are located in Singapore.

      The idea behind aelf emerged from the belief that existing blockchains must provide the scalability and flexibility required for enterprise use. Therefore, the aelf team focused on creating a network to address these challenges.

      aelf quickly gained recognition and has undergone several successful funding rounds since its inception. It has also established strong partnerships with leading companies and organizations in the blockchain industry, including the Blockchain Committee of the Global Mobile Internet Conference.

    FAQ

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