About Aelf (ELF)
aelf touts itself as "an excellent one-stop solution" for Web3 decentralized applications (DApps) that boasts the most advanced, secure blockchain cloud infrastructure. It claims to achieve this by implementing independent, interoperable, limitless, scalable cloud computing networks and side chains in the blockchain environment.
In enabling the implementation of interoperable side chains, aelf allows business- and enterprise-sized clients to create their own blockchains and DApps to suit their specific organizational needs.
According to its website, aelf is focused on developing the current generation of digital assets and the blockchain ecosystem. To accomplish this goal, it implements its own independent blockchain design with an independently developed consensus mechanism, as well as Oracle and DeFi protocols that already exist on the network.
In a recent development, aelf has established the aelf DAO, a decentralized autonomous organization aimed at enhancing the ecosystem's growth and governance structure. This move is a significant stride towards aelf's goal of becoming a leading institution for Web3 DApps-related solutions.
Furthermore, aelf has also launched Portkey, the first smart contract wallet or CA wallet in its ecosystem, on its Mainnet. Portkey offers a range of user-friendly features, including account abstraction, social recovery mechanisms, and multi-chain support, positioning it as a potential leader among Web3 wallets.
aelf's blockchain network design is inherently cross-chain, and it aims to be the "Linux of blockchains," i.e., a customizable cloud-based blockchain operating system. Its main chain automatically makes all existing side chains interoperable while facilitating all functions related to network validation, other chain functions, and cross-chain interoperability with other blockchain networks.
aelf's native cryptocurrency ELF is an ERC-20 and a BEP-20 token, making it tradable on Ethereum and BNB Chain. The current price of ELF price is updated and available in real-time on Binance.