aelf (ELF)

$0.104994 (4.77%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
137 $57,167,000.00 $19,289,200.00 544,480,000 ELF -- 4.77% -8.57% -$5.01

Exchange Pair Volume (24h) Price
BKEX ELF/USDT 3,602,029.00 0.1038000000
OKEx ELF/BTC 3,087,777.00 0.0000092000
OKEx ELF/USDT 2,231,725.00 0.1037000000
Huobi Global ELF/USDT 567,838.00 0.1039000000
Binance ELF/BTC 884,538.00 0.0000092400
MXC ELF/USDT 248,996.00 0.1042720000
Upbit ELF/KRW 782,441.00 124.0000000000
Bithumb ELF/KRW 339,853.00 123.3000000000
BitMax ELF/USDT 489,977.00 0.1038900000
Bitforex ELF/USDT 528,064.00 0.1041000000
MXC ELF/ETH 186,238.00 0.0002770000
Huobi Global ELF/BTC 81,496.00 0.0000092200
MXC ELF/BTC 170,800.00 0.0000092660
Gate.io ELF/USDT 61,856.00 0.1036000000
OKEx ELF/ETH 328,034.00 0.0002770000
BKEX ELF/ETH 293,222.00 0.0002760000
BitMax ELF/BTC 18,322.59 0.0000092500
Binance ELF/ETH 84,093.00 0.0002787600
Huobi Global ELF/ETH 20,095.00 0.0002768000
KuCoin ELF/BTC 16,006.34 0.0000092500
KuCoin ELF/ETH 1,834.83 0.0002776000
Hotbit ELF/BTC 53,536.00 0.0000093700
GoPax ELF/KRW 3,990.85 122.8000000000
BiKi ELF/ETH 4,138.80 0.0002777300
BitMax ELF/ETH 4,185.79 0.0002772200
AAX ELF/BTC 10,689.00 0.0000092500
Atomars ELF/BTC 1,385.03 0.0000092000
Gate.io ELF/ETH 881.90 0.0002780000
Atomars ELF/ETH 418.12 0.0002761800
Digifinex ELF/USDT 1,114,731.00 0.1036000000
Digifinex ELF/BTC 1,268,984.00 0.0000092500
Huobi Indonesia ELF/USDT 7,321.51 0.1039000000
CoinBene ELF/BTC 141,309.00 0.0000092100
HitBTC ELF/BTC 436.38 0.0000092700
Omgfin ELF/ETH 8,740.06 0.0002780800
Bitrue ELF/BTC 56,634.00 0.0000092000
Bitrue ELF/ETH 16,867.48 0.0002770000
Omgfin ELF/USDT 16,058.12 0.1039450000
Dcoin ELF/USDT 80,580.00 0.1041130000
Bitubu Exchange ELF/BTC 229.34 0.0000094400
Omgfin ELF/BTC 7,918.05 0.0000092400
Hotbit ELF/ETH 53,190.00 0.0002798300
Bittrex ELF/BTC 2,925.00 0.0000093200
Livecoin ELF/BTC 284.33 0.0000093000
Digifinex ELF/ETH 140,927.00 0.0002799100
Vebitcoin ELF/TRY 57,859.00 0.7580000000
Upbit ELF/BTC 1,090.01 0.0000092000
Bitubu Exchange ELF/ETH 582.76 0.0002803200
Upbit Indonesia ELF/BTC 8,422.60 0.0000092000
Bitci ELF/TRY 6,629.34 0.7565300000
Bitci ELF/BTC 2,594.99 0.0000091460
Bitci ELF/CHFT 1,322.02 0.0971600000
Bancor Network ELF/BNT 1,279.12 0.0513691676
Huobi Korea ELF/USDT 474.23 0.1042000000
BiKi ELF/BTC 151,929.00 0.0000087800
OKEx Korea ELF/ETH 0.89 0.0002630000
Zebitex ELF/ETH 1.09 0.0002817500
GoPax ELF/BTC 31.24 0.0000101000
Zebitex ELF/BTC 2.15 0.0000094300
VCC Exchange ELF/BTC 3,559.30 0.0000093200
Bitfinex ELF/USD 275.60 0.1050100000
Livecoin ELF/ETH 18.96 0.0002999900
XT ELF/BTC 13.04 0.0000088100
XT ELF/USDT 45.28 0.0999000000
HitBTC ELF/USD 165.10 0.1080000000
Bibox ELF/BTC 4.97 0.0000080500
Kyber Network ELF/ETH 871.33 0.0002841855
Huobi Korea ELF/BTC 15.47 0.0000090700
NiceHash ELF/BTC 2.23 0.0000099500
Zebitex ELF/USDT 0.00 0.0000000000
BCEX ELF/USDT 4.38 0.0500000000

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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