Buy aelf (ELF)
What is aelf?
aelf is a decentralised cloud computing network designed to support cross-blockchain interaction with systems like Bitcoin and Ethereum. It aims to address key blockchain challenges, such as limited performance, lack of resource segregation, and the need for a robust governance model.
How does aelf work?
aelf operates using a multi-chain blockchain framework with a Main Chain and multiple Side Chains. Each Side Chain is dedicated to specific tasks, enabling parallel processing and improving scalability. It employs the Delegated Proof of Stake (DPoS) consensus mechanism, which ensures efficient transaction validation and network security. aelf also features a unique smart contract architecture, treating them as language-independent micro-services for enhanced interoperability.
What are the potential use cases for aelf?
aelf can be utilised in various sectors, including financial services for cross-border payments and trade finance, insurance for digital product creation, and smart cities through IoT integration. It is also exploring AI integration within its blockchain, partnering with companies like ChainGPT to enhance capabilities in AI-driven dApps and smart contract automation.
What is the history of aelf?
aelf was founded in December 2017 by Ma Haobo, with initial funding from major venture capital firms. Over the years, it has launched its testnet, transitioned from an ERC20 token to its own blockchain, and formed partnerships with technology giants such as Huawei and Microsoft Azure. In 2024, aelf announced a strategic shift towards AI integration, further expanding its technological capabilities and market presence.
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Frequently Asked Questions (FAQs)
What is the current price of aelf (ELF)?
The aelf price is $0.74949387 AUD, representing a +0.56% from the day prior.
Where is the best place to buy aelf (ELF) in Australia?
The best place to buy aelf (ELF) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell aelf (ELF) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of aelf (ELF)?
The trading volume of aelf (ELF) is $37.3M AUD in the last 24hrs, representing a +0.56% from the day prior.
How can I buy aelf (ELF)?
aelf (ELF) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of aelf (ELF)?
The current market cap of aelf (ELF) is $546.6M AUD.
Can I convert aelf (ELF) to cash?
Yes - With Coinstash you can convert your aelf (ELF) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many aelf (ELF) are there?
The current circulating supply of aelf (ELF) is 736.4M.
Is Coinstash a safe place to buy aelf (ELF) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling aelf (ELF) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.