aelf ICO

updated 07 September 2018

Decentralized Cloud Computing Network

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Status: ended
Public sale: 28 Nov`17-10 Dec`17
Cap: No info
Goal: No info
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About aelf

We introduce a highly efficient Blockchain architecture that incorporates State-of-the Art IT design principles and technologies to bring Blockchain up to a commercial standard. We envision it creates a "Linux eco-system" for Blockchain. We focus on defining and providing the most basic, essential and time-consuming to develop components of the system and on making significant improvements for existing Chains in the market. The system allows developers to customize Chains to meet their own needs, particularly commercial requirements for various industries. It will contain the following main features:

  1. Main Chain and multi-layer Side Chains to handle various commercial scenarios. One chain is designed for one use case, distributing different tasks on multiple chains and improving processing efficiency
  2. Communication with external Blockchain systems, such as Bitcoin and Ethereum, via messaging
  3. Parallel processing for non-competing transactions and cloud-based service
  4. Basic components of minimum viable Block and Genesis Smart Contract Collection for each Chain to reduce data complexity and achieve high customization
  5. Permission for stakeholders to approve amendments to the protocol, including redefining the Consensus Protocol; Permission for Side Chains to join or exit from Main Chain dynamically based on Consensus Protocol, and therefore introduce competition and incentive to improve each Side Chain