aelf

What is aelf?

The foundation of aelf's success is rooted in its mainchain and multi-sidechains architecture, which guarantees effective indexing and scalability. Our integrated cross-chain design facilitates rapid data interaction, establishing unprecedented standards for network performance. Through the adoption of a hybrid model incorporating shared sidechains and exclusive sidechains, aelf markedly decreases costs for both developers and users, fostering heightened efficiency throughout the network.

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Recent Video Interview

Main points of the interview:

• aelf is a scalable, low-cost blockchain network focused on business solutions.
• Innovative cross-chain interactions and decentralized autonomous organization management system.
• aelf's team boasts global talent and deep blockchain expertise.

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aelf Ventures

Established in 2023, aelf Ventures serves as the global investment arm of aelf, with a robust focus on research, investment, and incubation within the realm of early-stage startups dedicated to advancing Web 3.0 and the broader blockchain ecosystem. It positions itself as a key player in identifying leading minds and projects poised to shape the decentralized future of Web 3.0. aelf Ventures actively invests in founders who share a common vision.

The venture's dedication is reflected in its core focus areas:

• A dedicated professional research team tasked with identifying unique investment opportunities.
• A committed team that provides support and fosters excellence in project incubation and integration through a strong network of investors and advisors.
• Skilled and experienced financial professionals who adopt a collaborative investment approach, offering post-investment support and cultivating strategic partnerships in alignment with their vision.

aelf Architecture

The network layer's pivotal role in AElf is emphasized, highlighting its responsibility for maintaining active connections among peers, facilitating communication between nodes, and adhering to the chain protocol. Additionally, the network layer incorporates interfaces for higher-level logic, such as synchronization code, while providing functionalities for node operators to administer and monitor network operations. The design approach prioritizes simplicity and avoiding redundancy by selecting gRPC for connection implementation, and ensuring flexibility by isolating the framework implementation from the exposed interfaces.

Moving on to the architecture, the network is organized into three distinct layers or projects: AElf.OS, which defines event handles and background workers related to the network; AElf.OS.Core.Network, responsible for exposing the service layer to higher levels, defining the infrastructure layer, and specifying components and types; and AElf.OS.Network.Grpc, which serves as the implementation of the infrastructure layer. This layer launches events as defined in the core, handles low-level functionalities such as serialization, buffering, and retrying.

Governance

Node Governance in aelf is structured to ensure a transparent and participatory process for the election and management of production nodes. The system is designed with the following key features:

Node Allocation:

• Seventeen production nodes are initially established, with an annual addition of two nodes thereafter.
• The top 17 nodes, determined by the number of votes received, are elected as production nodes.
• The total number of nodes is calculated as 2n + 1, where n equals 8 in the first year, progressively increasing by one each subsequent year.

Application Process: To become a production node, interested parties undergo a straightforward application process.

• Step I: Open the node election page within the Explorer section of aelf's platform.
• Step II: Stake a minimum of 100,000 ELF tokens, demonstrating a commitment to participate in the node election process.
• Step III: Complete the necessary node information.
• Step IV: Submit the application and engage with the community to garner votes.

Voting Mechanism:

• Users can cast their votes for production or valid backup nodes through the voting module.
• The voting system offers flexibility with options for wallet voting and unexpired voting, enabling users to tailor their voting preferences.

aelf's Investors and Partners

Ecosystem and Technological Partners: Awaken Swap, Amazon Web Service, Bridge, BeanGo Town, eWell, Forest, Google Cloud,...

Investors: FBG Capital, AlphaBit, Galaxy, Node Capital, Blockchain Ventures, ChainFunder, BlockTower, Hashed, HyperChain Capital...

aelf Project Development

The official swap portal of aelf will close on January 16, 2024, at 00:00 (UTC), ending user access and cross-chain transfers. Interactions after this date are discouraged to prevent asset loss. The portal played a crucial role in ELF token transfers during the aelf Mainnet Token Swap. A portion of ERC-20 tokens has been burned, and the rest locked. All BEP-20 tokens are burned. Users are advised to use the eBridge DApp for swaps. Exchanges like Binance support Mainnet ELF withdrawals. aelf thanks communities for portal usage and remains committed to infrastructure development.