The 21st century is a world of modernization. People are open to accepting new technology to make our lives more efficient. 

Bitcoin, the first digital money that allows us to transact without the need of a middleman, drives many industries to explore and adapt blockchain technology. 

.However, current blockchain systems are not yet capable or efficient enough to function as a versatile operating system and support multiple applications.

Aelf envisions a highly efficient and customizable OS that will become the "Linux system" for Blockchain.

For those who are not aware,  Linux Kernel resolves the most fundamental, critical and time-consuming parts, allowing other developers to make customized systems based on application scenarios and customer needs. This makes Linux the most popular server OS, and it supports all kinds of industries.

This same idea has been incorporated into the Aelf design. 

What is Aelf?

Ælf is a decentralized emerging cloud computing blockchain network that aims to provide a high-performance platform for commercial blockchain adoption. In order to develop a blockchain infrastructure for a variety of business requirements, Aelf provides an excellent parallel multi-chain processing system with cross-chain communication and self-evolving governance. 

Aelf provides 4 key innovations:

1. Scalable node in a cluster of computers.
2. Parallel processing for maximum utilization of processing power. 
3. Isolation of resources for smart contracts through independent and specialized sidechains. 
4. Interoperability and flexibility to choose between various consensus protocols (DPoS - native, PoW, PoS) and private / public chain.

ELF token is used to pay system resource fees, such as deploying smart contracts, operating and updating systems (transaction fees, cross-chain data transfer fees). It enables the community to vote on major on-chain decisions, such as the electing of mining nodes, the introduction of new functions in the system, and other key decisions, which collectively allow for the capacity for self-evolving of the network.

Aelf foundation is the entity that governs aelf and is based in Singapore. As a non-profit entity, its main objective is to promote the development of aelf technology and a variety of its applications, while helping companies and startups to establish or transform their infrastructure into a blockchain. The foundation will implement a comprehensive governance and management model, which fully complies with Singapore regulations and laws.

Aelf Concept and Technological Features

1. Processing power and Scalability

• Each node is a network of cluster of computers (i.e, a cloud network) rather than a single computer. By implementing cloud networks as nodes, aelf aims to give network participants a greater computing and storage capacity.
• A parallel and integrated processing algorithm is developed at each node to ensure optimal use of all participating computers in the cloud network. If a node manages a complex set of transactions in a smart contract, it dissects transactions in groups of non-dependents and processes them in parallel simultaneously. As a result, setting time is reduced and overall processing speed is maximized.
• The capacity of a node can be easily scaled by adding new computers to the existing network without having to upgrade the hardware of the computer.
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2. Independence and Specialization

• Multichain Network - Each sidechain is independent to each other and resident smart contracts run directly from a sidechain and not through the main chain. This allows each sidechain to be impervious to the high traffic of another chain, thus finding traffic concentration and ensuring a consistent transaction speed for smart contracts executed on the other chain. Each sidechain can host its own set of nodes to guarantee low traffic and determine their own processing speed
• Each sidechain specializes in a specific business scenario, for example, token issuance (ICO), insurance database, in-game transactions, etc, and their consensus protocol, node delegation, chain privacy and various other chain qualities can be tailored to support the specific business scenario.
• The main chain acts as a ledger and a communication hub, unlocking extremely cross chain communication, triggering smart contracts between sidechains, and effective synchronization between chains at different speeds.

3. Governance and Flexibility

• Aelf aims to provide network participants with fully self-evolving authority and capability thanks to its voting protocol. Aelf coin holders will be able to vote on a diverse set of critical decisions that collectively shape the ecosystem; this includes deciding each sidechain to host its own delegate node, selecting whether the participating chain will be public or private, determining the size and speed of the chain, removing or adding sidechains to the network etc.
• Interoperability. Aelf uses a string index based on Merkle tree root to interact with other blockchains based on an agreed protocol like PoW and PoS.
• Aelf provides a sidechain model to its developers for rapid development of smart contracts for those without deep understanding and coding ability of smart contracts at its core,  

Conclusion

Aelf is a self-evolving, decentralized cloud computing network that has caught the world's attention and is considered the next big thing on the blockchain system. Its vision addresses the key challenges of existing blockchains and meets the requirements of future business adoption.

Before Aelf's much awaited launch on Mainnet, the whitepaper on economics and governance was released on February 17. This whitepaper provides the desired information on the financial structure of operating a node on the Aelf blockchain. The whitepaper is divided into 3 main themes: the token model, the incentive model, and governance.

Read the whitepaper here.

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Aelf's growth is due to the recognition of the world's leading investors, a good development team and advisers, and the active engagement of the community.

Website:  https://aelf.io/

Telegram community:  https://t.me/aelfblockchain

Twitter:  https://twitter.com/aelfblockchain