[ANN][ELF] Aelf - Scalable Blockchains: Multi-Chain / Parallel Processing

[MacronMiner]

DISCLAIMER : I'm not involved into the aelf team
The aelf team have locked one thread (https://bitcointalk.org/index.php?topic=2981434) and locked the other to its personnal use as they delete all posts (https://bitcointalk.org/index.php?topic=2981592).
So this post will be no-censored and will contain discussion about aelf

ælf : The New Generation of scalable Blockchains: A new platform enabling developers to construct a multi-chain structure with parallel processing






Whitepaper   Website   Twitter   Telegram  Facebook  Medium  Reddit  GitHub




 
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We’ve started making bi-weekly progress updates to give investors an insight into current developments:
1. First report (Jan 14th 2018)
2. Second report (Jan 28th 2018)




Our new candy system (Azeroth) has officially launched, in order to sign up for the bounty system you will need an invitation code.
For more information check our Reddit





                  



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

Max Supply: 1 billion ELF
Circulating Supply: 280 million ELF
Private Sale Price：1 ETH = 4,545 ELF （ETH price @450 USD by the end of private sale）

Token Contract Address: 0xbf2179859fc6D5BEE9Bf9158632Dc51678a4100e
Token Symbol: ELF
Decimals: 18




- A complete guide to Aelf
- Why Aelf chose for DPoS
- Thoughts on the first week after Aelf token distribution written by our COO Zhuling
- “What is Aelf”- The Merkle
- “Explaining Side Chains, The Next Breakthrough In Blockchain” - Forbes
- “Aelf Creating A Silent Revolution In The Blockchain World” - Valuewalk





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 transferring 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 block 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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1715174033

[bitekoin]

Thank you for creating this. It will facilitate a more open discussion about the AELF project.

[muceua]

Cool. Ty

[ecoin_bestcoin]

What kind of posts were they deleting? I'm interested in the criticism for this project as I am currently invested but can't find much in terms of FUD, and FUD is good imo so I'm here to accept any FUD that I can get

[GayOfThrones]

What kind of posts were they deleting? I'm interested in the criticism for this project as I am currently invested but can't find much in terms of FUD, and FUD is good imo so I'm here to accept any FUD that I can get

I am also interested to read about which posts they were deleting. I am reading on their bounty thread that their bounty campaign will be running for three years, which is extremely weird.

[acorcos]

Why has the aelf twitter been banned? When I try to follow your account I receive error "aelf blockchain twitter account has been suspended". What's going on?

[TeraBite]

Why has the aelf twitter been banned? When I try to follow your account I receive error "aelf blockchain twitter account has been suspended". What's going on?

Due to stupid policies of that centralized social media platform while this is very important and big project so this kind of action against them is not looking fair. This is not official thread you should join Telegram to let know what happened there.

https://t.me/aelfblockchain

[nmthu2209]

AELF TestNet officially goes live. Features: multi-node P2P communication, basic DPOS consensus, writing, publishing and executing smart contracts.

[aelf blockchain]

Little late reply to explain our actions. It was actually me (Floris-Jan , find me on Telegram under the username @florisjan) who created the first threads.

We were new to Bitcointalk and how the forum works. We wanted our threads to be moderated by our-self, however, didn't oversee that that might create an environment where users would think aelf censors. In contrary, we don't want to censor anyone's concerns, opinions etc. Later realizing that you can't change initial settings on a thread, I had to remove the original ones (within 24hours of publishing) and recreate it.

So tl;dr, no censorship. Just uneducated in Bitcointalk mechanics