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aelf price, charts, marketcap and other stats

aelf
ELF
$ 0.499680 (-2.70%)
0.00000800 BTC
$ 228,354,763
Marketcap
$ 52,027,826
Volume (24h)
461,329,999 ELF
Circulating Supply
880,000,000 ELF
Total Supply

What is aelf?

Before I go any further, let me give a brief introduction to the aelf project. aelf, for all intents and purposes, is creating a new blockchain which will resolve 3 main blockchain problems which has been restricting this technology from being adopted in more mainstream uses. These problems are limited performance, lack of resource segregation, and a properly working governance model. By resolving these issues, aelf will be bringing blockchain technology into business scenarios with full force.

In response to this, they have created a blockchain which can be integrated to side chain specific business scenarios. The aelf blockchain and sidechains will possess the following qualities:

– High efficiency and scalability to handle transactions/applications at a commercial scale

– High flexibility to customize Smart Contracts to meet the needs of different industries

– High adaptability to new technology in the future

– High compatibility to allow communication across public and private Chains and existing Blockchains

aelf was originally launched as Grid, however due to confusion with a similar project called Grid+, it was rebranded as aelf late November 2017. Another confusion which was cleared up early in aelf’s life was the complete separation from the Polkadot project.

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