Whitepaper Breakdown : ælf

Aelf is an interesting Blockchain project. It’s smart contract platform like Ethereum.

Aelf team knows what exactly stopping the enterprise from adopting the blockchain. Features look good in paper and development is going on. But it may take few years to finish all the features.

Aelf features:

• It’s Smart contract blockchain platform like Ethereum.
• On chain governance similar to tezos. The protocol upgrading needs voting approval from delegates.
• Parallel Transactions Processing Within a Block for faster transactions.
• It contains main chain and side-chains, side-chains can have further side-chains like the tree.
• Each industry will have own side chain. (For example, ticket issuance requires high frequency where a high transaction rate in the system is desirable, while digital legal contracts emphasize high security and reliability over speed. It simply does not make sense for them both to be built around the same Chain.)
• Each contract will run on its own chain. (So the crypto kitten won’t bring down the Dex)
• Each sidechain can have different Consensus algorithm. (PoW, PoS, DPos)
• There will be 2N+1 nodes, Where N = 8 and increment by 1 every year.
• Smart contracts can be programmed in any language.
• Aelf is inspired by Linux ecosystem. The core will take care all the complex technical stuff. It will be modular enough to build the system around it.

Other details :

With the max supply of 1 Bn, and current supply of 250 mn. Trading less than 2$. Aelf is a serious project to look for it.

Bitcoin : 1L9GD8mb1heUGHpWg6GHSGZEVKttu482D
Ethereum(Any ERC20) : 0x369799e8308bfd8d32fe4709db82af51e6f1cc60