Deep Dive
1. Purpose
aelf is an open source blockchain platform for building and running decentralized applications, or dApps. It is designed to offer developers infrastructure that can support different kinds of applications. (CoinMarketCap)
2. Technology
The network uses a main chain alongside sidechains—separate chains that can serve individual applications. This structure is intended to keep activity on one application from competing as directly with activity on another. aelf also supports smart contracts, which are programs that run on a blockchain.
3. ELF token
ELF is aelf’s native token. It supports network activities including transaction fees, staking—committing tokens to help participate in network operations—and governance, or decision making about the network. (CoinMarketCap)
Conclusion
aelf is a multi chain blockchain platform for dApps, and ELF is the token used for key network functions. How well can its separate chains support applications without adding complexity for developers?
