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Author Topic: 【ANN ELF】AELF (ELF) - A Decentralized Cloud Computing Blockchain Network  (Read 3128 times)
aelf blockchain
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December 22, 2017, 05:04:51 AM
 #1

ælf : The New Generation of scalable Blockchain
using multi-chain structure and parallel processing


【Airdrop Announcement Round 2】

Hi everyone, our candy system (AKA Azeroth Project) is officially launched, sign up here https://candy.aelf.io/account/register?invitationCode=0F0X09020N0V and earn your ELF now!

AELF Progress Report

Hi everyone, please check our first progress report, thank you for your support in aelf!


DEVELOPMENT ROADMAP:

  • Phase 1 : The Internal Affair Of The Wonderland (Nov 2017 - March 2018)
  • Phase 2 : A Tale Between Two Nodes (March 2018 - May 2018)
  • Phase 3: The Main Chain (May 2018)
  • Phase 4: Governance (May 2018 - August 2018)
  • Phase 5: Ready To Launch (August 2018 - January 2019)


VISIT OUR GITHUB TO GET MORE INFORMATION!


The [Suspicious link removed]munity has witnessed rapid development in the past few years. Firstly it emerged as a secured decentralized P2P transfer mechanism and Satoshi’s Bitcoin proved the concept of decentralized crypto-currency. Ethereum then contributed to the community with successful implementation of versatile “Smart Contracts” and it unleashed great potential of Blockchain into numerous applications and industries.

However, this is only the dawn of Blockchain, as the boundary between the [Suspicious link removed]munity and the business world has yet to be broken. We are at a turning point that the next phase of Blockchain will lead the integration between Blockchain and the physical business world, and inevitably bring in much more solid digital assets.
However, this is only the dawn of Blockchain, as the boundary between the [Suspicious link removed]munity and the business world has yet to be broken. We are at a turning point that the next phase of Blockchain will lead the integration between Blockchain and the physical business world, and inevitably bring in much more solid digital assets.


Business scenarios vary in objectives and requirements and there are two examples to illustrate the differences. First, industries have different commercial requirements. For example, supply chain systems and trading platforms need fast confirmation, while medical and IP systems apt for a stable and secure network. Second, every industry evolves rapidly. Their requirement of the Blockchain system should also evolve to fit into the ever-changing environment. Therefore, an ideal Blockchain has to possess the following qualities:

  • High efficiency and scalability to handle transactions/ applications at commercial scale
  • High flexibility to customize Smart Contracts to meet the needs of different industries
  • High adaptability to new technology in the future
  • High compatibility to allow communication across public and private Chains and existing Blockchains

For now, Blockchain technology has three problems, namely limited performance, lack of resource segregation, and a working governance model. Traditional Blockchain systems often use linear processing with low transaction speed and limited scalability, which result in high gas fees and time to confirm transactions. The second drawback of existing chains is the over complex data structure and too many different smart contracts on one chain. It hinders efficiency and leads to system congestion if one contract takes too many resources (e.g. Bancor ICO). Last is the governance model, as we have seen the lasting arguments on bringing new features to Bitcoin Blockchain in its community.

ælf  has its own thinking. Our view is that one Blockchain may not be sufficient to fulfill all of these requirements. ælf  establishes a Blockchain system, which functions as an operating system similar to Linux.
To optimize the performance, ælf  will run nodes on clusters. It will allow assigned transactions to different groups based on mutex of the transactions. Transactions within a group will be processed in linear sequence, while all groups will be processed simultaneously. The Main Chain will adopt DPoS consensus protocol to ensure high TPS and predictability of Block formation. The assigned node groups are elected by ælf  token holders based on the node’s processing efficiency as well as their profitability.


In terms of resource segregation, ælf  adopts a Main Chain + N Side Chains architecture, which means each business scenario has its dedicated Side Chain to fulfill its requirements. Together they form a ‘central business district’, where one chain is designed for one use case, distributing different tasks on multiple chains. By segregating resources, the processing efficiency of the whole system will be improved and system congestion will be greatly alleviated. In addition, to keep up with commercial innovation, ælf  deploys a modular architecture, which defines basic components of minimum viable Block and Genesis Smart Contract Collection for each Chain to reduce complexity. Commercial users are able to design their Chain via APIs.

For a better ecosystem, ælf  permits stakeholders to approve amendments to the protocols, including redefining the Consensus Protocol. ælf  also permits Side Chains to join or exit from Main Chain dynamically based on stakeholder voting, therefore introducing competition and incentive to improve each Side Chain. A better governance model will be achieved through this voting mechanism.

Our infrastructures will continuously evolve with the participation of more commercial users, forming a vibrant commercial Blockchain eco-system. ælf  believes that open source is good for everyone. If you’re a developer, you are very welcomed to contact us through telegram, slack etc. To make a better Blockchain ecosystem, we are doing our best to make ælf  a real breakthrough.

【Join the community】

Telegram for English:Join

Telegram for Chinese: Join

Telegram for Japanese: Join



【ELF Info】

ELF tokens are used to pay resource fees in the system, such as deployment of smart contracts, operating and upgrading of systems (transaction fees, cross-chain data transfer fees). It also enables community to vote on major decisions, such as electing mining nodes, introducing new features to the system and other major decisions.

Total Supply: 1 billion ELF
Circulating Supply: 260 million ELF
Private Sale Price:1 ETH = 4,545 ELF (ETH price @450 USD by the end of private sale)


【Exchanges】

Binance Huobi.pro OKEX BCEX CEX Bibox

【UPDATE】

WHY WE CHOOSE DPoS IN AELF

Visit our GitHub pages to read it!
https://github.com/AElfProject/AElf/blob/master/docs/CONSENSUS.md


Thoughts on the first week after aelf token distribution

The past one week has been a fantastic journey for our team with remarkable achievements, we want to thank everyone who supports us, thank you for your sincere advices, we will keep working hard in the future.

Here is an article wrote by our COO Zhuling, click here to read more.


【UPDATE】

【HOW WE DIFFERENT FROM OTHERS】

【ELF VS CMC】

Cosmos (CMC universe coin) is a continuation of ideas put forward by the multi-chain system, the Satoshi's PoW consensus algorithm replaced by Jae Know's Tendermint consensus algorithm. Tendermint, a Byzantine-fault-tolerant algorithm, is optimized for PBFT and requires only two rounds of voting to reach a consensus.

Essentially, it contains multiple blockchains (running in the zone) using separate instances of Tendermint, and a chain of hubs using de-trusted communication. Cross-link communication is limited to the transfer of digital assets, this cross-link communication can return data and path, such as sending the sender information of the transfer status.

Aelf's cross-link communication is not only capable of transfering digital assets, but  also able to pass any other information. For example, aelf’s sidechains can trigger contract execution on other sidechains.

In addition, Tendermint did not come up with a parallel processing model on a single chain, so a chain also has its own limitations. CMC performance is limited to a single machine, scalability will only be reflected when using multiple instances of tendermint.

Aelf has proposed that parallel processing on a single strand will dramatically increase the upper limit of single-strand processing capacity.


【ELF VS EOS】

Both EOS and aelf have proposed to use parallel processing to handle transactions, but the difference is that EOS only processes in parallel on the main chain, while aelf's parallel processing framework enables parallel processing on all side chains.

By doing this, parallel processing will be performed on both the backbone and the sidechains.


【ELF VS ETH】


Ethereum has no scalability, no isolation of resources, and the popularity of CryptoKitties, CryptoZombies and more games to come will blocks the transfer of the entire Ethereum network.

Aelf adopts the architecture of resource isolation to ensure that the surge of traffic on one chain will not affect the efficiency of any other chain.

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AHeoxs4fAyDXkgGB1aHWVpDy9EUvyEY7wu


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December 22, 2017, 05:18:59 AM
 #2

Can you introduce a bit more about your airdrop?  It's better to provide readers a whitepaper or a relation with the old ELF token announcement.

jerry3k5jamiso1
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December 22, 2017, 06:02:52 AM
 #3

Some airdrops make a very nice presentation making it look like a good project .But yours is a complete comedy.

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December 22, 2017, 06:13:23 AM
 #4

Ease is the beginning of success. . That is the term in this project. the first step to join https://web.telegram.org/#/im?p=@aelfbot we can get Airdrop for free. thanks to the development team and for the opportunity given.

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December 22, 2017, 07:58:42 AM
 #5

This is a complete comedy. ELF token? What is it? We are waiting for more information.
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December 22, 2017, 08:41:24 AM
 #6

Exchanges 

 



  on your site 5 large exchanges are written, you already trade on these exchanges? or are you just going to? it seems to me somewhat self-assured such a statement.





aelf blockchain
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December 22, 2017, 08:54:41 AM
 #7

Exchanges 

 



  on your site 5 large exchanges are written, you already trade on these exchanges? or are you just going to? it seems to me somewhat self-assured such a statement.







we have already traded on these exchanges
bernardcannon
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December 22, 2017, 08:59:16 AM
 #8

I hope it will succeed.  I have a small investment. how many tokens are you going to distribute per successful entrant ? 
GREENch
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December 22, 2017, 08:27:42 PM
 #9

Exchanges 

 



  on your site 5 large exchanges are written, you already trade on these exchanges? or are you just going to? it seems to me somewhat self-assured such a statement.






Well, Binance a vote, maybe they plan on using it to try to be added to the exchange)) I Remember like CAT coin BNB ballot was distributed that would have voted for them
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December 22, 2017, 08:39:06 PM
 #10

I really do not understand this, but I believe if i join the telegram group. I will get further info. Because I cant find any airdrop form here.

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December 22, 2017, 09:50:58 PM
 #11

I do agree. One block chain cannot solve all the problems of the industry. Would like to see a bit more in-depth analysis of this crypto. Thanks

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December 22, 2017, 10:31:58 PM
 #12

Not very clear - the command runs for a long time, why now airdrop?

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The_Money_Manager
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December 23, 2017, 12:02:37 AM
 #13

So how does one go about joining the airdrop? I'm on your telegram channel but there is no information on how to start the process.

The_Money_Manager
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December 23, 2017, 12:08:41 AM
 #14

Never mind, I figured it out! That was super easy, thank you!

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December 23, 2017, 12:15:53 AM
 #15

Let's see what they have to offer before under rating them. Success to ELF team
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December 23, 2017, 01:41:49 AM
 #16

need more info .With limited information its hard to decide what to do ?
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December 23, 2017, 02:37:41 AM
 #17

it is easy to join the airdrop. simply talk to the bot. the message is pinned in the group.
i have just joined
Went through the white paper. it is bit too technical. better if you can produce a non technical version for non technical people

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ArcBlock - BORN FOR BLOCKCHAIN 3.0


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December 23, 2017, 02:45:52 AM
 #18

can anybody tell me. What is the purpose of ELF use? Why should I join them?

Leif D
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December 23, 2017, 02:54:08 AM
 #19

need more info about the coin Huh
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December 23, 2017, 02:58:50 AM
 #20

Yep, this coin already tradable at Binance, here are tweet from them - https://twitter.com/binance_2017/status/943691002266632192
And already listed at coinmarketcap - https://coinmarketcap.com/currencies/aelf/#markets
P.S. "Compete comedy" price now ~$0.9

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