aelf (ELF)

$0.056162 (-10.69%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
106 $30,579,100.00 $8,196,930.00 544,480,000 ELF 55 -10.69% 0.8% $6.00

Exchange Pair Volume (24h) Price
Binance ELF/BTC 45,509.00 0.0000078600
BitMax ELF/USDT 228,879.00 0.0556000000
Upbit ELF/KRW 50,636.00 74.1000000000
Gate.io ELF/USDT 1,845.52 0.0561000000
Binance ELF/ETH 1,370.26 0.0003967800
KuCoin ELF/BTC 311.84 0.0000078800
Livecoin ELF/BTC 168.82 0.0000080600
MXC ELF/USDT 2,068,571.00 0.0561640000
MXC ELF/BTC 992,075.00 0.0000078660
MXC ELF/ETH 803,490.00 0.0003920000
OKEx ELF/USDT 495,945.00 0.0559000000
OKEx ELF/BTC 380,613.00 0.0000079000
Huobi Global ELF/USDT 38,813.00 0.0561000000
Binance JEX ELF/USDT 38,879.00 0.0561000000
BKEX ELF/USDT 84,108.00 0.0553000000
Bitrue ELF/BTC 1,617.14 0.0000078700
Biki ELF/BTC 133,557.00 0.0000078400
Bithumb ELF/KRW 18,608.12 64.7000000000
OKEx ELF/ETH 86,190.00 0.0003920000
BitMax ELF/BTC 45,138.00 0.0000078000
Huobi Global ELF/BTC 5,075.59 0.0000079100
Huobi Global ELF/ETH 1,818.61 0.0003956800
Omgfin ELF/ETH 2,673.00 0.0003966300
Omgfin ELF/USDT 3,735.28 0.0559800000
Omgfin ELF/BTC 2,190.23 0.0000078800
Bitrue ELF/ETH 59.47 0.0003967800
BitMax ELF/ETH 6,444.93 0.0003973000
Biki ELF/ETH 3,982.94 0.0003913400
Vebitcoin ELF/TRY 24,857.00 0.3260000000
COINBIG ELF/USDT 1,290.28 0.0563000000
Atomars ELF/BTC 91.58 0.0000078900
Gate.io ELF/ETH 119.89 0.0003950000
Bitforex ELF/USDT 1,430,781.00 0.0558000000
ZG.com ELF/BTC 616,969.00 0.0000076800
XT ELF/USDT 530,406.00 0.0559000000
XT ELF/SXC 458,304.00 0.3901000000
XT ELF/BTC 369,408.00 0.0000077800
BKEX ELF/ETH 204,461.00 0.0003918800
Dcoin ELF/USDT 184,665.00 0.0561860000
FatBTC ELF/ETH 197,617.00 0.0003950000
Digifinex ELF/USDT 156,168.00 0.0571000000
Digifinex ELF/BTC 144,741.00 0.0000079000
CoinBene ELF/BTC 114,287.00 0.0000078700
ZG.com ELF/ETH 103,318.00 0.0003807200
BTCEXA ELF/BTC 59,994.00 0.0000078600
ZG.com ELF/USDT 36,104.00 0.0561000000
Digifinex ELF/ETH 34,899.00 0.0003900000
Hotbit ELF/BTC 14,370.57 0.0000078600
Hotbit ELF/ETH 12,047.43 0.0003886200
OKEx Korea ELF/KRW 8,002.50 63.0000000000
Atomars ELF/ETH 2.55 0.0003939500
Omgfin ELF/UQC 691.87 0.5638000000
CoinTiger ELF/BTC 57,429.00 0.0000062400
Bancor Network ELF/BNT 270.40 0.2220411000
Huobi Korea ELF/ETH 0.68 0.0003956800
Huobi Korea ELF/USDT 0.18 0.0561000000
Coinmetro ELF/EUR 0.00 0.0502338888
OKEx Korea ELF/USDT 0.00 0.0559000000
OKEx Korea ELF/BTC 0.00 0.0000079000
OKEx Korea ELF/ETH 0.00 0.0003920000
Huobi Korea ELF/BTC 0.00 0.0000079100
Bittrex ELF/BTC 28.53 0.0000078600
KuCoin ELF/ETH 61.51 0.0003870000
Bitfinex ELF/BTC 5.33 0.0000079100
HitBTC ELF/BTC 8.96 0.0000078340
Bitfinex ELF/ETH 53.65 0.0004041500
GoPax ELF/KRW 184.00 67.0000000000
Bitfinex ELF/USD 62.92 0.0513600000
Upbit ELF/BTC 56.38 0.0000081300
VCC Exchange ELF/BTC 139.52 0.0000078100
HitBTC ELF/USD 0.03 0.0542605000
Bitci ELF/TRY 14,983.73 0.3271300000
Bitci ELF/CHFT 825.52 0.0544800000
Upbit Indonesia ELF/BTC 621.96 0.0000081300
Bitci ELF/BTC 403.47 0.0000076700
Kyber Network ELF/ETH 295.54 0.0003917557
HPX ELF/CNYT 0.00 0.3510000000
BCEX ELF/USDT 0.00 0.0580000000
Livecoin ELF/ETH 0.00 0.0000000000

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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