February 7, 2023

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Meet Aelf Blockchain – Decentralized Cloud Computing Blockchain Platform

Aelf offers a one-stop solution to break the industrial bottlenecks – performance and cross-chain function.
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Below is our recent interview with aelf team:

Q: Could you provide our readers with a brief introduction to your company?

A: aelf is a blockchain network empowered by cloud computing. We innovated on our multi-level sidechain structure, enabling unlimited scalability to lead the decentralized future. We developed aelf Enterprise, aelf mainnet, aelf oracle, and diversified DeFi protocols.

We offer a one-stop solution to break the industrial bottlenecks – performance and cross-chain function. First, aelf Enterprise has approached 35k TPS on a single sidechain under a testing environment. And its service fee is fixed at $0.1. So, users could enjoy its high performance at a low price. Second, aelf versatile oracle helps retrieve off-chain data and bridge the two-way communication among projects. Third, with our development capability, we also developed different Defi projects so that our users could have a more diversifies experience with us.

Q: Any highlights on your recent announcement? 

A: We will start mainnet token swap on September 9th. The mainnet token swap marks a preliminary success of aelf mainnet launch. Meanwhile, we will have a series of marketing events. aelf will send away an extra 5% airdrop to swap users during the first 15 days of the mainnet swap. The airdrops are worth a total of up to 27 million ELF tokens (worth approximately 15 million dollars). Huobi Global will hold ELF trading contest. aelf will also hold a 7-day “Lucky Elf Raffle” whose total prize reached 119,000 ELF tokens. Participants could receive daily returns at 10,000% maximum. We will hold endless AMA. And many more.

Q: Can you give us more insights into your offering?

A: The industry has two problems — performance and cross-chain function.

Two groups of people have been trying very hard to fix the performance issue in the past years. They are trying to develop an Ethereum Layer 2 to embed an EVM engine. Unfortunately, EVM today is not strong enough to support parallel transactions. In this way, the Layer 2 developers are facing challenges in the long term of time. Also, earlier in August, Ethereum finished the EIP 1559 upgrade, trying to reduce the gas fee. It turned out the price of ETH was plump. Consequently, the cost for Ethereum users did not actually go down.

But aelf is DIFFERENT. We are offering a brand-new solution. Thanks to our independent cloud computing center, aelf Enterprise has approached 35,000 TPS on a single sidechain, multiplying the numbers of side chains. We can say we are capable of executing transactions within seconds. And the gas fee will be fixed at 0.1 dollars.

To solve the cross-chain problem. We developed aelf mainnet + aelf versatile oracle. The combination of the two products could open-up the two-way highway among all projects!

Q: What can we expect from your company in next 6 months? What are your plans?

A: We’ve been dedicated to carrying out our works based on our roadmap. For the rest of four months in 2021, we will initiate aelf mainnet token swap, so that aelf users could start to migrate to aelf mainnet. After this, we will start to deploy our node election and sidechain auction. These three words will be the keystones that buttress aelf mainnet into its stabilizing stage. We are trying our best to push things forward. We sincerely hope that the stage could come in early 2022. Once aelf mainnet turns stabilized, we will start to connect a mass number of projects. We will also spend some time providing blockchain solutions to traditional industries as mentioned before.

Q: What is the best thing about your company that people might not know about?

A: Our developing framework is super easy and super user-friendly. This is the keystone of how diversified ecology will bloom on us.

From a macro perspective, aelf is a fully-functional blockchain infrastructure. We are connecting with all the existing ecosystems, including but not limited to Bitcoin, Ethereum, DeFis, etc. Sooner or later, EVERYONE in crypto work could surf at the highest freedom with aelf’s ultimate performance and cross-chain function.