aelf (ELF)

$0.060174 (3.66%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
105 $32,763,700.00 $19,124,200.00 544,480,000 ELF 44 3.66% -0.7% -$2.20

Exchange Pair Volume (24h) Price
Bithumb ELF/KRW 242,290.00 69.0900000000
Binance ELF/BTC 127,267.00 0.0000069900
Gate.io ELF/USDT 6,756.95 0.0601000000
Binance ELF/ETH 9,705.31 0.0003669900
KuCoin ELF/BTC 1,789.62 0.0000070300
Gate.io ELF/ETH 2,340.86 0.0003640000
KuCoin ELF/ETH 460.42 0.0003672000
Bittrex ELF/BTC 456.34 0.0000070900
MXC ELF/USDT 3,599,701.00 0.0604700000
MXC ELF/BTC 1,309,135.00 0.0000070300
OKEx ELF/USDT 764,297.00 0.0602000000
Huobi Global ELF/USDT 148,612.00 0.0602000000
Binance JEX ELF/USDT 148,326.00 0.0601000000
Digifinex ELF/USDT 358,122.00 0.0610000000
OKEx ELF/BTC 300,951.00 0.0000070000
BKEX ELF/USDT 149,566.00 0.0608000000
Biki ELF/BTC 140,925.00 0.0000070600
OKEx ELF/ETH 107,700.00 0.0003660000
Huobi Global ELF/BTC 36,209.00 0.0000070100
BitMax ELF/USDT 1,985.51 0.0609000000
OKEx Korea ELF/USDT 38.57 0.0602000000
Vebitcoin ELF/TRY 81,998.00 0.3570000000
HitBTC ELF/BTC 189.30 0.0000071140
Huobi Global ELF/ETH 13,113.29 0.0003641100
BitMax ELF/BTC 1,225.89 0.0000071100
COINBIG ELF/USDT 11,952.35 0.0609000000
Biki ELF/ETH 4,379.96 0.0003650800
Bitrue ELF/BTC 5,461.49 0.0000070500
BitMax ELF/ETH 84.60 0.0003708800
Hotbit ELF/ETH 20,731.00 0.0003687500
Omgfin ELF/USDT 4,090.30 0.0602760000
Bitrue ELF/ETH 319.83 0.0003668400
Omgfin ELF/UQC 873.69 0.1995000000
Omgfin ELF/ETH 3,118.26 0.0003647100
OKEx Korea ELF/BTC 56.00 0.0000070000
Omgfin ELF/BTC 2,281.24 0.0000071400
VCC Exchange ELF/BTC 456.54 0.0000070900
Atomars ELF/BTC 236.26 0.0000070500
Livecoin ELF/BTC 179.13 0.0000070500
GoPax ELF/KRW 531.52 69.2000000000
Bitforex ELF/USDT 7,879,204.00 0.0601000000
ZG.com ELF/BTC 3,097,036.00 0.0000069100
BKEX ELF/ETH 1,532,122.00 0.0003591800
MXC ELF/ETH 1,275,802.00 0.0003661000
ZG.com ELF/ETH 697,749.00 0.0003572500
XT ELF/USDT 614,697.00 0.0600000000
XT ELF/BTC 253,002.00 0.0000070800
Dcoin ELF/USDT 211,964.00 0.0611810000
ZG.com ELF/USDT 172,592.00 0.0608000000
CoinBene ELF/BTC 129,898.00 0.0000069800
Digifinex ELF/BTC 120,565.00 0.0000070100
Digifinex ELF/ETH 48,254.00 0.0003660000
BTCEXA ELF/BTC 46,343.00 0.0000070200
Hotbit ELF/BTC 16,755.62 0.0000070700
OKEx Korea ELF/KRW 10,590.83 67.0000000000
Atomars ELF/ETH 16.11 0.0003670000
HPX ELF/CNYT 84,613.00 0.4193592300
Huobi Korea ELF/BTC 12,606.91 0.0000070100
Bitci ELF/TRY 1,571.70 0.3590768952
Bitci ELF/CHFT 1,562.62 0.0589579316
Bitci ELF/BTC 1,552.83 0.0000069406
Kyber Network ELF/ETH 271.43 0.0003684170
Upbit ELF/KRW 6,672,865.00 151.0000000000
CoinTiger ELF/BTC 53,077.00 0.0000051700
OKEx Korea ELF/ETH 15.48 0.0003690000
Bitfinex ELF/USD 65.69 0.0619380000
Bitfinex ELF/BTC 64.17 0.0000069900
Bitfinex ELF/ETH 207.99 0.0003871800
HitBTC ELF/USD 1.18 0.0621118000
Upbit Indonesia ELF/BTC 16,621.58 0.0000169300
Bancor Network ELF/BNT 8,381.70 0.2810663837
Huobi Korea ELF/USDT 4.84 0.0607000000
Huobi Korea ELF/ETH 4.72 0.0003621400
Coinmetro ELF/EUR 0.00 0.0550957146
Upbit ELF/BTC 13,783.66 0.0000169300
Bibox ELF/ETH 2.05 0.0002460200
BCEX ELF/USDT 4.00 0.0401000000
FCoin ELF/ETH 34.87 0.0029409900
FCoin ELF/USDT 11.97 0.4781000000

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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