aelf (ELF)

ælf is a decentralized self-evolving cloud computing network. To establish a Blockchain infrastructure suitable for commercial requirements, ælf provides a highly efficient multi-chain parallel-processing system with cross-chain communication and self-evolving governance. It brings three innovations, namely scalable nodes across clusters of computers, resource isolation for smart contracts and voting through token holders.

ELF tokens are used to pay for resource fees used in the network, such as deployment of smart contracts, operating and upgrading of systems (transaction fees, cross-chain data transfer fees). It also enables the community to vote on major decisions, such as electing mining nodes, introducing new features to the system and other major decisions.

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