Ælf (known as aelf) is a decentralized cloud computing blockchain network that is self-evolving and functions as a cloud operating system. Announced in 2017, aelf is being designed as a next generation cross-chain blockchain protocol that incorporates parallel processing to meet commercial scale requirements. Aelf’s architecture is designed in a manner that enables every industry utilizing blockchain technology to have a dedicated sidechain – with aelf acting as the central hub. The team’s core strategy with regards to aelf is different from many similar blockchains in that nodes are categorized according to their roles. To aid adoption, aelf features interoperability with existing DAPPs on existing chains. While it provides a single security and data processing solution for all chains to improve efficiency, it still maintains resource segregation between chains. Having said that, aelf does not act as a linking system between independent chains, it merely functions as a hub for multi-layer chains using parallel processing.
Aelf’s token (ELF) is used to fund transactions on the network as well as pay any fees involved in cross-chain data transfer. The token also enables community members to vote on major decisions, particularly those related to mining nodes and upcoming features.