aelf (ELF)

$0.219264 (38.16%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
199 $119,385,000.00 $19,958,600.00 544,480,000 ELF -- 38.16% 6.33% -$83.67

Exchange Pair Volume (24h) Price
Upbit ELF/KRW 8,081,654.00 253.0000000000
Huobi Global ELF/USDT 908,835.00 0.2199000000
Gate.io ELF/USDT 63,305.00 0.2189000000
OKEx ELF/USDT 2,824,511.00 0.2198000000
Digifinex ELF/USDT 587,067.00 0.2208000000
OKEx ELF/BTC 2,297,796.00 0.0000056100
VCC Exchange ELF/BTC 191,037.00 0.0000056200
Binance ELF/BTC 686,802.00 0.0000056000
Bithumb ELF/KRW 206,938.00 254.4000000000
BKEX ELF/USDT 327,166.00 0.2190000000
Binance ELF/ETH 109,556.00 0.0000952300
Huobi Global ELF/BTC 85,168.00 0.0000056000
Bitrue ELF/BTC 20,857.00 0.0000055800
Bitrue ELF/ETH 7,488.58 0.0000962600
AscendEX (BitMax) ELF/USDT 69,772.00 0.2194800000
AAX ELF/BTC 13,419.23 0.0000056400
CoinBene ELF/USDT 77,247.00 0.2189000000
XT.COM ELF/USDT 261,880.00 0.2186000000
LATOKEN ELF/BTC 15,640.37 0.0000056300
Uniswap (v2) 0XBF2179859FC6D5BEE9BF9158632DC51678A4100E/ETH 8,294.45 0.0000983843
CoinBene ELF/BTC 132,059.00 0.0000055800
Sashimiswap 0XBF2179859FC6D5BEE9BF9158632DC51678A4100E/ETH 1,935.96 0.0000944395
Huobi Global ELF/ETH 12,151.36 0.0000957100
KuCoin ELF/ETH 9,999.07 0.0000963000
KuCoin ELF/BTC 11,633.26 0.0000056100
Dcoin ELF/USDT 127,416.00 0.2200220000
HitBTC ELF/BTC 2,774.84 0.0000052090
Dove Wallet ELF/ETH 645.01 0.0000977800
Dove Wallet ELF/KRW 220.06 254.6350000000
Huobi Indonesia ELF/USDT 66.12 0.2200000000
Bitubu Exchange ELF/BTC 27,545.00 0.0000056500
Upbit ELF/BTC 394.91 0.0000056500
BiONE ELF/USDT 102,944.00 0.2197000000
Bitubu Exchange ELF/ETH 1,607.86 0.0000966600
NiceHash ELF/BTC 856.42 0.0000059100
Omgfin ELF/ETH 21,483.00 0.0000961300
Omgfin ELF/USDT 34,786.00 0.2198030000
Omgfin ELF/BTC 18,806.86 0.0000056100
Gate.io ELF/ETH 20,639.00 0.0000963000
HitBTC ELF/USDT 5,080.25 0.2081973000
Dove Wallet ELF/USDT 2.42 0.2190260000
Dove Wallet ELF/PAX 0.03 0.2305990000
Dove Wallet ELF/USDC 2.82 0.2282380000
GoPax ELF/KRW 233.70 269.0000000000
Hotbit ELF/ETH 33,178.00 0.0000969800
Dove Wallet ELF/BTC 77.10 0.0000059100
Dove Wallet ELF/GBP 4.32 0.1513570000
Dove Wallet ELF/TUSD 0.01 0.2120470000
Dove Wallet ELF/EUR 30.78 0.1795310000
Huobi Korea ELF/USDT 371,668.00 0.2198000000
Bitci ELF/TRY 33,269.00 1.8600000000
Huobi Korea ELF/KRW 4,549.19 255.0000000000
Upbit Indonesia ELF/BTC 1,146.89 0.0000056500
Huobi Korea ELF/BTC 604.58 0.0000056000
MEXC Global ELF/ETH 364,441.00 0.0000845000
MEXC Global ELF/USDT 780,939.00 0.1954500000
MEXC Global ELF/BTC 274,705.00 0.0000051340
1inch 0XBF2179859FC6D5BEE9BF9158632DC51678A4100E/ETH 758.81 0.0000848379
Huobi Korea ELF/ETH 382.29 0.0000884400

Background

ælf is a decentralized self-evolving cloud computing blockchain network that aims to provide a high-performance platform for commercial adoption of blockchain technology. In order to establish a blockchain infrastructure for various commercial requirements, ælf provides an efficiency-focused multi-chain parallel-processing system with cross-chain communication and self-evolving governance. The project focuses on four main attributes: scalable nodes on a cluster of computers, parallel processing for maximum utilization of processing power resource isolation for smart contracts via independent and specialized side chains, and Interoperability and flexibility to choose from different consensus protocols (native delegated proof-of-stake (DPoS), proof-of-work (PoW), or proof-of-stake (PoS)) and private/public chains 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.

Technology

The ælf Kernal aims to provide a minimum viable blockchain system including fundamental functions like a unified account system, block production, smart contract functions(collection and updating), and customizable consensus algorithms and block headers. Additional functionality, including the creation and execution of smart contracts, will be facilitated through a "shell" operating system (OS) that functions as the basic interactive interface to the core system. Users can either use the complete Blockchain operating system or develop a customized OS by redefining the core through new interfaces. Each node is a cluster network (e.g., a cloud network) instead of a single computer. By leveraging cloud networks as nodes, ælf aims to provide network participants with higher computational power as well as the storage capability. A parallel processing algorithm will be developed and integrated to each node to ensure the optimal utilization of all the participating computers in the cloud network. When a node handles a complex set of transactions within a smart contract, it will dissect the transactions into groups of those that do not demonstrate interdependency and process them in parallel, simultaneously. Consequently, the task time is minimized and the overall processing speed maximized. A node’s capacity can be easily scaled by adding new computers to the existing network without having to upgrade the node computer’s hardware. ælf operates as a multi-chain network where each side chain is independent and smart contracts are executed directly from a side chain, not through the main chain. Side chains aim to localize traffic concentration thereby enabling consistent transaction speed for smart contracts on other side chains. Each side chain will have the ability to host an independent set of nodes allowing it to determine its own processing speed. Side chains will be established for a specific business scenario, e.g., token issuance (ICO), an insurance database, in-game transactions, etc., and their consensus protocol, node delegation, chain privacy and various other chain qualities can be tailored to best support the specific business scenario. The main chain acts as the ledger and communications hub, focused on efficient cross chain communication, triggering of smart contracts across side chains, and effective synchronization between chains with different speeds. Over time ælf aims to bestow its network participants an entirely self-evolving authority through its voting protocol. ELF holders will have the ability vote on a diverse sets of critical decisions that will collectively shape the eco-system; this includes the decision for each side chain to host their own delegated node, choose whether the participating side chain will be public or private, determine the size and the speed of the side chain, remove or add side chains to the network, etc. The project utilizes Merkle tree root based chain indexing to communicate and interoperate with other consensus protocols such as PoW and PoS. ælf provides side chain templates to its developers for rapid smart contract development for those who do not have the in-depth understanding and capacity for ground-up smart contract coding. Technical development will be led by Beijing Hoopox Information and Technology Co., Ltd. Founded in June 2016, Hoopox focuses on providing Blockchain-based solutions for various industries. Hoopox received funding of USD 4.3 million (RMB 28 million) from seven VCs, including China Growth Capital, Draper Dragon, WeX Fintech, Taoshi Capital, Danhua Capital, and Albatross Venture, and FBG Capital.



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