About Aelf (ELF)
aelf, an AI-enhanced Layer 1 blockchain network, aims to leverage the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a blockchain with AI integration and modular Layer 2 ZK Rollup technology, ensuring an efficient, low-cost, and highly secure platform, that is both developer and end-user friendly.
aelf is primarily a multi-chain parallel computing blockchain network which was created to address several of the limitations of traditional blockchain systems, such as performance bottlenecks and data complexity. aelf's vision is to be a "Linux Ecosystem" equivalent for a blockchain that incorporates state-of-the-art IT design principles, which in particular allows developers to customise Chains to meet their own needs.
The story of aelf began in December 2017, when aelf's vision and plans were introduced to global investors at a Coindesk conference. aelf completed its fund-raising significantly ahead of schedule, having secured investments from notable institutions such as Arrington Capital, Draper Dragon, Galaxy Digital etc.
aelf launched its testnet in 2018, followed by its mainnet in 2020. aelf is currently operated and managed by a team of highly experienced Web3 veterans led by its founder and CEO, Auric, who bring a wealth of expertise, innovation and drive to the company.
aelf (ELF) is the native token of the aelf blockchain, essential for network operations and governance. ELF tokens are used to pay transaction fees, incentivize production nodes through block rewards, and allow holders to vote on governance decisions. Additionally, ELF tokens can be staked for rewards, participate in consensus mechanisms, and access services like smart contract deployment and operation within the aelf ecosystem.
The current price of ELF price is updated and available in real-time on Binance.
