aelf (ELF)
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About ELF
aelf (ELF) is the native utility token of the aelf blockchain — a high-performance, customizable Layer 1 platform built for scalable and enterprise-grade decentralized applications. Designed with a multi-chain architecture, aelf separates its blockchain infrastructure into a main chain and numerous side chains, each optimized for specific use cases and workloads. At the core of aelf's design is its use of cloud-native architecture, parallel processing, and a Delegated Proof-of-Stake (DPoS) consensus mechanism. This allows the network to achieve high throughput while maintaining decentralization and low transaction costs. Developers can deploy smart contracts on side chains, ensuring that congestion in one area of the network doesn’t affect the rest of the system. ELF is used for paying transaction fees, deploying smart contracts, staking, voting in governance, and rewarding node operators. The platform provides comprehensive tools for building dApps, including cross-chain communication, service indexing, and flexible resource allocation for developers. aelf is built with long-term scalability and interoperability in mind, making it suitable for use cases in finance, gaming, supply chain, and digital identity. Its governance is community-driven, with stakers participating in protocol decisions through voting and DAO mechanisms. With a modular and extensible design, aelf aims to deliver a blockchain infrastructure capable of supporting complex, high-volume applications across various industries.
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Frequently Asked Questions about aelf
What is aelf?
aelf is a high-performance, multi-chain blockchain platform designed to support scalable and enterprise-grade decentralized applications. It uses a main chain + side chain architecture for performance optimization.
Where can I buy aelf (ELF) tokens?
ELF tokens can be purchased on major cryptocurrency exchanges such as HTX, OKX, Gate.io, Crypto.com, and KuCoin. Token versions on Ethereum and BSC can be bought on Uniswap and PancakeSwap, respectively.
Where can I store aelf (ELF) tokens?
Native ELF can be stored in the the aelf web wallet, or the Portkey wallet, recommended by the project. ERC-20 and BEP-20 token versions can be stored in compatible wallets like Bitcoin.com Wallet, MetaMask, Trust Wallet, and Ledger.
What is the ELF token used for?
ELF is used for paying gas fees, staking, voting in governance, and rewarding validators and node operators within the aelf ecosystem.
What makes aelf different from other blockchains?
aelf separates execution into multiple side chains, allowing parallel processing and isolation of workloads. This improves scalability, efficiency, and customizability for different applications.
What consensus algorithm does aelf use?
aelf uses Delegated Proof-of-Stake (DPoS), where token holders vote for block producers who validate transactions and maintain network integrity.
Can developers deploy custom blockchains on aelf?
Yes. aelf supports the deployment of customized side chains, each with its own governance and resource allocation policies, tailored to specific application needs.
Is aelf EVM-compatible?
aelf is not EVM-compatible but provides its own smart contract environment based on C#. It offers SDKs and tooling for developers to build on its native platform.
What industries is aelf targeting?
aelf is suitable for industries requiring scalable blockchain solutions, including finance, gaming, supply chain, digital identity, and data services.
How is aelf governed?
aelf’s governance is community-driven, with decisions made via on-chain voting. ELF token holders participate in electing node operators and proposing protocol changes.