aelf (ELF) is a new
cryptocurrency that was developed in China and released in the mid December
2017. It is among the newest brand of crypto coins in the market. It started
being listed in most trading platforms as from 21st December, 2017.
AELF
(ELF) BLOCKCHAIN STRUCTURE
The developers of aelf
were looking to establish an ecosystem that was efficient for a variety of
commercial requirements.
aelf comprises of a
highly competent multi-chain level processing structure with a cross-chain
communication and dynamic governance. Its structure consists of a main chain
and several other side branches attached to the main chain (the backbone of the
blockchain). The side chains are also multi layered.
The main chain usually
has the record of the side chains. The side chains are able to interact with
each other via the main chain through an external information input. The side
chains interact using the Merkle tree and verification model. Therefore, side
chains can’t communicate directly, enabling a side chain to be excluded or
included in the system if the need arises.
The most unique aspects of aelf ecosystem is the use of scalable
nodes on a group of computers, one chain to one contract technology and voting
via token holders.
ealf ecosyemtem uses ELF Tokens.
Scalable nodes on a group of computers
Nodes in this case refer to mining machines.
Most cryptocurrencies have unscalable nodes
where the performance of one node (mining machine) is left to determine the performance
of the whole system. However, in aeAlf ecosystem, there are a number of nodes
spread on the various side chains on various computers, hence making the nodes
scalable.
Also, every node is supposed to handle only relevant information
so as to ensure that the nodes are lighter and compatible with common computers
or mobile platforms.
One chain to one contract mechanism
Each of the side chains in the aelf network is dedicated to one
specific type of transaction and can only resolve a specific type of business
oriented problem. This is different from other cryptocurrencies where one chain
is left to handle any type of contract that comes along.
By using one chain one contract mechanism, aelf is able to have
an easily manageable structure which is tailored towards meeting the
requirements of the commercial world.
Voting via token holders
This mechanism is also referred to as Delegated Proof-of-Stake
(DPoS).
In DPoS, the coin/token holders vote for delegates who then
validate the transactions within the blockchain. Compared to the PoW, DPoS
saves on energy costs and also promotes decentralization.
Where can one get aelf (ELF)?
If you want to purchace aelf (ELF, you can get it on a number
of exchanges among them: Binance, CEX.com,
Bittfinex,
KEX,
BigONE,
Huobi,
BCEX,
Bibox,
gate.io,
KKEX, and OTCBTC.
BUT OF ALL PLATFORM I RECOMMEND BINANCE
aelf (ELF) prices
Looking at the historical data of aelf (ELF) prices, it is
evident that the coin has a very dynamic market.
When it was first listed on coinmarketcap, its value was $1.10 USD per token.
To date, its value has hit an all-time high of $2.60 USD and an all-time low of
$0.814893 USD. But as at 26thJanuary,
2018, the value of one ELF was $1.92 USD.
Looking at its charts, it’s a perfect
crypto coin to use Elliot wave theorem technology to analyze its price movements
since its price action is characterized
by successive wave formations.
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