Aelf is a modern decentralized blockchain network used for cloud computing. A multipurpose system of parallel information processing is used to develop the infrastructure. The exchange service is based on three innovations, namely:

scaling of nodes of computer clusters;
isolation of resources for the implementation of smart contracts;
implementation of the voting process with the help of token holders.
Aelf effectively interacts with Bitcoin, Ethereum and a number of other blockchain systems. The multi-level cross-chain structure is suitable for the active exchange of digital assets and other data. The project developers position themselves as the founders of a unique blockchain technology. The main mission of the team is to achieve reliable functioning of the self-regulatory platform.

The system was launched in November-December 2017. The platform was initially focused on the format of a self-developing system. The difficulty in configuring and implementing the network was to combine a large number of algorithms and mechanisms.

The principle of functioning of the Aelf blockchain system is the coordinated work of the main chain and a large number of sidechains for the implementation of smart contracts. The chain is used to transfer the main stream of information. This interaction structure forms an index system that categorizes chains as an external blockchain or an internal sidechain.

The ecosystem of tokens has an indexed structure. A commission is charged for each transaction from the sidechain. Its final size depends on the level of use of the side chain. To support the functioning of the network, a special Delegated Proof-of-Stake algorithm is used. The final number of allowed miners is determined directly by the system. To do this, use the 16 + 1 formula, according to which a user is added every year.

Aelf features

Today the developers of the Aelf project are focusing their attention on modernizing the operation of the main elements of the system. For this, modern developments of blockchain technologies are used. Due to its functionality, the platform can be used in various fields. Its main features are:

Support for the stable operation of the blockchain and the structure of the side chains. One block is designed to solve a specific task. This gradation affects the growth of data processing efficiency.
Establishing communication with external blockchain systems.
Processing transactions using the cloud service option.
High-quality and convenient management of smart contracts. At the same time, the individualization of the processes remains high.
Formation of the possibility for users to make various amendments to the calculation algorithm. Network participants can revise the consensus protocol.
Connecting / disconnecting side blockchains to the main node.
The use of the platforms functionality is available for a fee. Commission fees are paid from the Aelf token. A unique and highly efficient system that can be customized according to the users needs. In order to reduce traffic, a blockchain split mechanism is used. A high level of platform performance will be achieved through smart contracts, a regulated data structure and a consensus protocol.

Aelf technology allows the generation of a new genesis block that serves as the basis for others. To make major changes to the system, a special voting mechanism has been developed. The platform opens up unique opportunities for launching a private blockchain.

Aelf business applications are particularly popular in the market. Some projects have not yet been launched at full capacity, so there is no point in talking about their capabilities. The most promising areas today are:

finance. The system provides a high level of reliability for all transactions. It is suitable for making investment payments and cross-border transfers;
insurance. The decentralized management structure is suitable for the payment of insurance claims. The technology makes it possible to identify and register users;
message exchange. The platform has a special blockchain for carrying out identification processes;
Smart city. The project simplifies the work of a number of administrative departments. The system is suitable for organizing accounting for utility bills, organizing polls and thematic votes;
new Internet network. Cloud computing technology allows you to control the work of a huge number of devices in a single system.

How is Aelf created?

AELF technology includes main and side chains. The processing of incoming information is carried out in parallel. The system operates in the cloud server mode. Each element of the fork operates under a separate smart contract, blockchain. The formation of a separate chain allows you to create a mechanism for making a commission for each transaction. The level of demand in the chain directly affects the final payment amount.

AELF cryptocurrency has a unique data processing technology. This scheme allows 100% to cover the current commercial demand. The classification of nodes is carried out depending on the type of use. Effective resource segregation is achieved through the use of smart contracts. The main chain operates in the Markle Tree format. The developers have foreseen the presence of "nodes" in the system, with which it is possible to connect a large number of devices.

The transactional process is the basis for creating Aelf. It takes no more than 4 seconds to develop one block. To successfully complete the transfer, you will need to confirm the transaction, which includes 5 blocks. The entire procedure should take no more than 20 seconds to complete. It takes 1 minute to process large blocks.

When cryptocurrency entered the market, the total capitalization level was a quarter of a billion dollars. In January 2018, this figure increased to 652 million. During the market correction, the total size fell to $ 300 million. As of early December 2019, the ELF coin had a gross turnover of $ 250 billion.

A reliable security system creates additional interest in the project. The functioning of Aelf is based on the Delegated Proof-of-Stake principle. The selection of the main representatives of the platform is carried out through the scheme of democratic elections. The data transfer process is available through the sidechain hubs thanks to smart contracts.

Is Aelf endless?

The total issue of the digital asset was 1 billion coins. A quarter of them were sold out at the end of December 2017. The token distribution structure is as follows:

Marketing - 12%. To increase the activity of the community, special promotions are held. The most common among these are airdrop and bounty.
Reservation - 25%. The system provides for blocking tokens for a period of three years.
Advisors bonus - 10%. The assets were frozen for 720 calendar days. Unlocking is carried out every 180 days in equal parts.
The award of the official developers and consultants of the project is 16%.
Mining - 12%. The total number of coins to be mined is 100 million coins. The reward for decrypting the block will decrease gradually.
The Aelf project attracts a large number of additional investments. First of all, this concerns large funds, which consider the system as a tool for making a profit. Experts agree that the total cryptocurrency capitalization will increase in the next 2 years.

The dynamics of the change in the rate of the ELF coin is associated with a large number of factors. The key one is the market correction. When the asset appeared on the market, the price was $ 0.87. After the first sale in 2017, the price jumped to $ 2.61. The top management of the project decided not to conduct an ICO. The appearance of the coin on major exchanges caused a certain stir.

2018 also saw fluctuations in demand for digital currency. The indicator fell to the level of $ 0.45. Over time, the price tag increased sharply against the backdrop of a powerful advertising campaign from the Bithumb exchange. ELF coin has been included in the official list. The final cost of the asset is also influenced by the contracts concluded and the specifics of the roadmap implementation. At the beginning of December 2019, the cost of 1 coin is $ 0.07.

You can buy cryptocurrency on almost all popular exchanges. The presence of a profitable remuneration system in the AELF project creates additional benefits. Candy opens up opportunities for earning extra points. To earn them, users are required to complete special tasks in the form of writing comments, posting materials, etc.

You can store a digital asset on any wallet that supports the ERC-20 format. More secure options are MyEtherWallet or Ledger Nano. The launch of the main network will create the preconditions for the transition to the use of new wallets.

Strengths of Aelf

The Aelf ecosystem is designed for use in the industrial segment. The platform will cope with the issues of balancing various business processes. The development is suitable for issuing digital tickets, processing payments, concluding contracts. All transactions are reliable and completely safe.

The key benefits of a digital asset are:

An effective solution to the fundamental problems associated with Blockchain technology.
The development team is represented by experienced professionals who previously successfully worked in this direction. The existing technological base is competitive in the market and possesses various industry resources. The design has wide potential.
Market capitalization will grow.
Long period of "freezing" of tokens for official developers, reserve fund and consultants, advisors (730-1095 days).
Comprehensive marketing policy. The developers have relied on the airdrop technology to achieve the planned goals.
The project is supported by a large number of investors. The largest among them are FBG, Draper Dragon and others.
Status partnerships play an important role in improving the market value of a digital asset. Collaboration with Decentraland is aimed at creating a full-fledged digital city of Crypto Valley. When the project is launched at full capacity, the value of the coin on the exchanges will multiply.

Aelf in TOP currencies

Most of the experts are positive about the prospects for raising the Aelf rate. This is primarily due to the technical success in the implementation of the project. The roadmap is being fully respected. The development of a global network becomes possible with the help of a wide range of tools and additional functionality. If all approved tasks are completed, the software will significantly expand partnerships and registered user activity.

A common investment option is short-term deposits with Aelf. An alternative option is a long-term investment. Experts are confident that in the next 2 years the digital currency will increase in value. Therefore, today it makes sense to invest in Aelf. The launch of a full-fledged version of the project will have a positive effect on the total capitalization. Over time, the system transforms into a large-scale blockchain operating system.