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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.

Do you know what incentives are available to aelf’s users?

18 Jan 2021 6 minute read 3 comments aelf_blockchain

On February 17, 2020, the aelf Economic & Governance model was announced on Twitter with a link to the Economic and Governance Whitepaper. This whitepaper provides insight into the financial structure of running a node on the aelf blockchain. It...

Overview of multi-chain-structure data in the 3rd week since aelf mainnet launch

4 Jan 2021 1 minute read 2 comments aelf_blockchain

On 25 December, aelf’s first side-chain was deployed on the mainnet. So far, aelf has launched the main chain and side-chain step by step. The multi-chain structure of the mainnet is now up and running. As of 16:00, 31 December, the data for the...

Review of aelf’s Achievements in China in 2020

4 Jan 2021 5 minute read 0 comments aelf_blockchain

The year 2020 is coming to an end. In this ‘Magical’ year, although the coronavirus swept across the world, it did not affect the development of the blockchain industry. Public chains and their ecosystems have made great breakthroughs. Moreove...

Winners List of aelf Wallet Public Testing

25 Dec 2020 1 minute read 6 comments aelf_blockchain

  The launch of the aelf mainnet on December 10 means that aelf has entered phase 1: Mainnet Security Monitoring. During phase 1, we will actively access the mainnet with the exchange to prepare for token swap. But before that, we launched the aelf w...

aelf Mainnet Goes Live - The biggest milestone yet

10 Dec 2020 3 minute read 0 comments aelf_blockchain

aelf mainnet has gone live on December 10th! Starting today, all users will be able to download and access the latest version of aelf Enterprise 1.0.0. Alternatively, you can try the latest version through the aelf Explorer. aelf GitHub:https...

Code Audit Bounty Program for aelf Public Testnet is Open with a Prize Pool of one Million ELF!

26 Oct 2020 5 minute read 0 comments aelf_blockchain

  On October 16, aelf enterprise 1.0.0 RC 1 was officially released. This means that the current aelf Public Testnet has achieved all the functions required for the Mainnet launch and has been running stably. aelf Enterprise 1.0.0 RC 1 will be the ve...

aelf Enterprise v1.0.0 RC 1 Officially Released

26 Oct 2020 2 minute read 0 comments aelf_blockchain

On October 16th, aelf Enterprise v1.0.0 RC 1 has been launched. It is an upgraded version of aelf Enterprise V1.0.0 Preview 3, including a complete blockchain ecosystem, development suite, and developer documents for basic applications and services....

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

21 Sep 2020 4 minute read 15 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...