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Aelf (ELF) is a blockchain-based cloud computing focused platform that was founded in 2017 by Ma Haobo. Like other cloud computing focused projects, it lets users rent spare computing resources out to others on the network, for which they are rewarded in ELF tokens. The network uses a Delegated Proof-of-Stake (DPoS) consensus algorithm.

The team says that there are three elements to the platform that make it an ideal choice for cloud computing: high performance, resource segregation, and optimized governance structure. As described by the team, the first is achieved through the consensus mechanism, the second through the use of side chains and cross-chain communication, and the third through the token structure that allows users to vote on how the platform evolves. The platform is marketed as a highly customizable OS that the team wants to be the “Linux system” for blockchain. 

The key areas of development are facilitating a highly customizable OS, cross-chain communication, performance improvements and private chain modules. Another important area in the team’s vision for the platform is in the ecosystem. The team will focus strongly on ecosystem development in three major areas: technology, business and capital. Targeted industries include financial services, digital identity management, the Internet of Things and smart cities. 

In 2019, Aelf has worked to expand its ecosystem. It is now supported by both Microsoft’s Azure cloud platform and Amazon’s AWS. Partnerships include Japanese gift card provider Amaten. 2020 will see the project move into phase 5, which will test and enhance features that have been developed in the field.

Testifying for Publish0x judges and STATERA... much love for feeding the hand that bites them

21 Sep 2020 4 minute read 14 comments Dave Sawyer

Cryptofans we love you - thanks for setting the groundworks for a better human society in the new millennium. Separate money from state from church! We are here today to testify to the glory of Publish0x contests; so thankful  for tying for first in...

Market Maker & Automated Market Maker

18 Sep 2020 5 minute read 0 comments aelf_blockchain

AESwap, one of aelf’s most important DeFi products. At the moment, any community member can try out this product using ELF test tokens. Many of you know how popular DeFi is, but you might not be familiar with the actual DeFi projects. For exam...

Why aelf will be the DeFi leader among major public chains

18 Sep 2020 5 minute read 5 comments aelf_blockchain

aelf has in fact been making its own plans and strategies for DeFi quite early on. aelf has clearly sensed the status quo and future of DeFi. Based on this, aelf is striving to be the most thorough innovator and leader in the industry: In the fi...

Introducing Sashimi, a Fair Version of Sushi, with No Team Shares, No Pre-mine and a Cross Chain Swap Ecosystem!

10 Sep 2020 3 minute read 6 comments aelf_blockchain

Following the release of AESwap, a decentralized trading platform and the first DeFi project on aelf network on August 28, aelf is launching SashimiSwap, its version of SushiSwap today! What is SashimiSwap? SashimiSwap is a new SushiSwap proje...

AESwap Series: Three Major Breakthroughs in DeFi and the Decentralized Revolution

4 Sep 2020 3 minute read 2 comments aelf_blockchain

  After a sluggish year in 2019, the blockchain industry has been revived this year by DeFi, a highly innovative financial model. 2020 will no doubt go down as a very special year, as the coronavirus has plunged the global economy into recession and...

August Money Report: Crypto is my Thunder Buddy!

3 Sep 2020 5 minute read 23 comments PVMihalache

I always promoted the idea of a diversified portfolio and the spread of extra money in various types of investments which will produce either residual income or has potential to generate profit. Residual income is any amount of money which is not the...

aelf is Testing AESwap Internally

28 Aug 2020 3 minute read 1 comment aelf_blockchain

A decentralized trading platform, has no pre-mining, no financing and is open to institutions and individuals on an equal footing In 2020, Ethereum’s DeFi ecosystem saw exponential growth and DEX (decentralized exchange) boomed. Against this...

With complete infrastructure for DeFi, aelf holds greater potential than other public chains

28 Aug 2020 3 minute read 3 comments aelf_blockchain

In the first half of 2020, with capital pouring in and technology making rapid progress, decentralized finance (DeFi) was developing at incredible speed. As early projects gave way to a new wave of more innovative projects, various new applicati...

Blockchain 3.0: Hype and Bubble

23 Aug 2020 6 minute read 4 comments aelf_blockchain

Which sector has been most popular in recent years? Most people will give you the same answer: blockchain. Since the Chinese government officially listed blockchain in the category of “New Infrastructure” in April 2020, relevant blockchain poli...

Part2: A breakdown of the aelf blockchain whitepaper

21 Aug 2020 7 minute read 1 comment aelf_blockchain

Breaking down the aelf side-chain Cloud computing, parallel processing, and AEDPoS have greatly improved the execution performance of any kind of smart contract, but when they are applied to enterprise-level scenarios, new problems crop up. To b...