### 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.

aelf

Ethereum

Cardano

Hedera

Avalanche

Cronos

Polkadot

Mantle

Bittensor

Internet Computer

NEAR Protocol

Ethereum Classic

Aptos

Arbitrum

Kaspa

ATOM

Flare

Quant

XDC Network

Optimism

aelf (ELF)

Similar Coins

ETH

ADA

HBAR

AVAX

CRO

DOT

MNT

TAO

ICP

NEAR

ETC

APT

ARB

KAS

ATOM

FLR

SEI

QNT

XDC

OP

Resources

aelf (ELF) Price Index

aelf Price

Trading volume

Market cap

Resources