ELF(ELF)

Intro

aelf is a decentralized self-evolving cloud computing blockchain network that aims to provide a high performance platform for commercial adoption of blockchain. In order to establish a blockchain infrastructure for various commercial requirements, aelf provides a highly efficient multi-chain parallel-processing system with cross-chain communication and self-evolving governance. It brings 4 key innovations:

Scalable nodes on cluster of computers
Parallel processing for maximum utilization of processing power
Resource isolation for smart contracts via independent and specialized side chains
Interoperability to run on and flexibility to choose from different consensus protocols
(DPoS – native, PoW, PoS) and private / public chain

ELF tokens are used to pay resource fees in the system, such as deployment of smart contracts, operating and upgrading of systems (transaction fees, cross- chain data transfer fees). It also enables the community to vote on major on-chain decisions, such as electing mining nodes, introducing new features to the system and other major decisions, which collectively enable self-evolution capability of the network.