What is aelf?

aelf describes everything about computing cloud system where it is considered to be one of the most timely requirements of the world. Blockchain mechanism has always come up with new solutions for the currency issues in different industries. If not, that blockchain can not call itself a better project. Due to the advancement of different technologies,  we are stepping into new trends of the world such as could computing. in fact, aelf is the leading platform that was able to bring cloud computing into the blockchain solutions.

How dApps work on aelf ?

Mainly, dApps are allowed to be built with full customization and blockchain interaction in the multichain platform system to make sure higher performance as well. aelf consists of the main chain that has the responsibility of running and maintaining all chains running on the network. The main chain is the backbone of the system with the use of dApps to run on the network to enable mass scalability and speed retainment. It is really easy to understand how dApps work in this system because it is like applying your needs into the digital model where aelf is the digital model that you put information on a systematic template to get your output. Moreover,  dApps makes the entire mechanism does say on the users in the platform.

Key Features 

In fact, aelf has come up with extremely modern digitalised features to run itself opening new trends to the existing blockchain system. aelf is not a traditional blockchain which has only a mainchain to launch the entire process, it has sidechains in addition to the main chain to enhance the scalability while reducing the congestion as we see in other blockchains.

1. Scalable nodes 

This is designed for computers which help to create computer clusters which have each node set to perform the same task.

2. Maximum utilization of processing power

In order to make sure the accuracy and efficiency, parallel processing systems are used to generate maximum power. having used that, it makes the entire network working its optimum utilization. For example, the more the transactions are to be handled, it can not be done with free sets of nodes. but, aelf makes categorisation on the transactions on the smart contracts with consuming less time with a parallel mechanism to speed the entire transaction process.

3. Resource isolation 

This applies to smart contracts, and this is accomplished with the use of independent and specialized side chains

4. Interoperability 

Interoperability is one of the most important features when it comes to digital computing. latest technologies like Building Information Modelling (BIM), this is rapidly used for 3D modelling. Similar to that contents, in aelf allows working on different consensus protocols such as Delegated Proof-of-Stake (DPoS). Moreover, Interoperability is achieved by the sidechains while bringing scalability to the platform.

In DPoS, token holders will cast votes to elect nodes or we can say the miners. Nodes that receive the most votes are those who produce/mine blocks. Every week token holders can vote of their favorite nodes or even vote for a new one. In return for the votes, Nodes will share a portion of blockchain fees spread among the voters.

Aelf Ecosystem 

 The ecosystem is the key to project success. Many projects may fail due to the less planning on the ecosystem. However, Aelf has come up with a steady and efficient ecosystem so far gained a great success through the project. In this ecosystem, production nodes, candidate nodes, developers, and token holders (users) are key items. 

• Production node

Production node can be either a person or an organization after applying for the production nodes. Then, Block rewards are received through the production nodes.

• Candidate note

Anyone or  any organisation does not involve in production note belong to these criteria

• Developer

A person or an organisation who develop the dApp applications on the aelf network

• Token Holder

Token holders are key players in ecosystem who has the possession of valuable assets to purchase the services offered by the developers who operate on aelf network.

However, the most important thing about aelf is what you get from this project which is a valuable digital asset. in essence, aelf token has been listed on almost every huge exchanges in the global context,  making a significant impact over its reputation and technical strength as well. As you can see, most leading exchanges such as Binance, Upbit, Huobi Global, Kuchain and etc.

According to the latest analysis of cointobuy.io, aelf makes an opening path to create a flexible, scalable, and inter-related network of several isolated blockchain protocols

The value and usage of the ELF coins are as numerous as the infinite amounts of side-chains or protocols that can be latched on this ever-increasing, ever-evolving, and ever adapting crypto-network.

It is always worth investing on aelf project since it has so far played a big role in could computing and brought some innovations to the blockchain technology as well. Cloud computing is still evolving with the modern applications and aelf is the pioneer to lead the cloud computing in the blockchain industry as well.