aelf (ELF)

$0.36209 (-22.8%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
266 $197,151,000.00 $47,400,800.00 544,480,000 ELF -- -22.8% -2.39% $82.56

Exchange Pair Volume (24h) Price
Huobi Global ELF/USDT 4,289,623.00 0.3596000000
Huobi Indonesia ELF/USDT 28.12 0.3589000000
OKEx ELF/USDT 7,664,701.00 0.3570000000
VCC Exchange ELF/BTC 600,035.00 0.0000080800
Binance ELF/BTC 3,262,121.00 0.0000080800
Gate.io ELF/USDT 142,675.00 0.3626000000
Huobi Global ELF/BTC 829,804.00 0.0000079800
OKEx ELF/BTC 12,714,321.00 0.0000079900
BKEX ELF/USDT 1,819,080.00 0.3593000000
Bitrue ELF/ETH 57,552.00 0.0001035000
KuCoin ELF/BTC 665,265.00 0.0000080300
Binance ELF/ETH 870,434.00 0.0001045200
Bitrue ELF/BTC 69,537.00 0.0000079900
Digifinex ELF/USDT 989,295.00 0.3611000000
CoinBene ELF/USDT 2,367,435.00 0.3586000000
MXC ELF/USDT 560,342.00 0.3580050000
AscendEX (BitMax) ELF/USDT 147,326.00 0.3583000000
MXC ELF/BTC 467,567.00 0.0000080300
MXC ELF/ETH 569,045.00 0.0001046000
NiceHash ELF/BTC 931.14 0.0000078900
AAX ELF/BTC 20,899.00 0.0000080100
HitBTC ELF/BTC 2,029,774.00 0.0000078930
KuCoin ELF/ETH 46,435.00 0.0001040000
BiONE ELF/USDT 51,851.00 0.3567000000
Huobi Global ELF/ETH 220,172.00 0.0001032300
Atomars ELF/BTC 12,907.16 0.0000080100
CoinBene ELF/BTC 610,016.00 0.0000080000
XT.COM ELF/USDT 188,449.00 0.3605000000
Atomars ELF/ETH 14,901.19 0.0001031800
LATOKEN ELF/BTC 63,958.00 0.0000080300
Bancor Network ELF/BNT 625.03 0.0530941426
Dove Wallet ELF/BTC 2,979.93 0.0000081200
Bitubu Exchange ELF/BTC 74,603.00 0.0000080100
Uniswap (v2) 0XBF2179859FC6D5BEE9BF9158632DC51678A4100E/ETH 5,287.65 0.0001011433
HitBTC ELF/USD 654,679.00 0.3538156000
Omgfin ELF/ETH 35,342.00 0.0001045200
Omgfin ELF/USDT 61,811.00 0.3641830000
Dcoin ELF/USDT 295,504.00 0.3581860000
Omgfin ELF/BTC 29,402.00 0.0000081100
Bitubu Exchange ELF/ETH 4,727.32 0.0001044000
Upbit ELF/BTC 53,256.00 0.0000080300
Gate.io ELF/ETH 34,790.00 0.0001058000
Dove Wallet ELF/USDT 22.98 0.3667770000
Dove Wallet ELF/USDC 0.52 0.3708670000
Dove Wallet ELF/ETH 1,255.93 0.0001043300
Hotbit ELF/ETH 38.76 0.0001020900
EXX ELF/USDT 406,369.00 0.3612000000
Dove Wallet ELF/GBP 0.11 0.2610100000
Dove Wallet ELF/EUR 0.19 0.3059390000
Upbit ELF/KRW 14,903,119.00 431.0000000000
Sashimiswap 0XBF2179859FC6D5BEE9BF9158632DC51678A4100E/ETH 2,093.44 0.0001005459
Huobi Korea ELF/USDT 606,293.00 0.3584000000
Upbit Indonesia ELF/BTC 50,364.00 0.0000080300
Bitci ELF/TRY 4,686.63 3.0300000000
Huobi Korea ELF/BTC 104.31 0.0000079800
Bithumb ELF/KRW 783,639.00 443.3000000000
GoPax ELF/KRW 9,765.64 452.0000000000
Dove Wallet ELF/KRW 4,093.04 438.0930000000
Dove Wallet ELF/TUSD 0.02 0.3681710000
Dove Wallet ELF/PAX 0.04 0.3660920000
1inch 0XBF2179859FC6D5BEE9BF9158632DC51678A4100E/ETH 1,547.97 0.0000974115
Zebitex ELF/ETH 77.72 0.0001100000
Huobi Korea ELF/ETH 344.76 0.0000997800

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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