CrushCrypto Crusher of the Month - January 2018: aelf (ELF) · • Crosschain blockchain protocol that intends to become the new internet infrastructure to support the next generation

Crusher of the Month – January 2018:

ælf (ELF)

Multi-chain parallel computing blockchain framework

January 9, 2018

PROJECT OVERVIEW

What is ælf?

• Crosschain blockchain protocol that intends

to become the new internet infrastructure

to support the next generation of digital

businesses.

• Things ælf is planning to do:

• Interoperate with existing dApps on

existing chains

• Nurture new start-up ideas

• Educate and transform established

companies to be blockchain savvy

2For additional resources, please visit www.CrushCrypto.com.Copyright © Crush Crypto. All Rights Reserved.

THIRD GENERATION BLOCKCHAIN

http://www.crushcrypto.com/

PROJECT OVERVIEW

Potential early adopters



PROJECT OVERVIEW

Development roadmap


Parallel

Processing

• Launched ælf

Asset Chain

based on UTXO

model

• Validate and

develop ælf

kernel

Multi Side

Chains

• ælf OS

• Launched ælf

Main Chain

based on ælf

OS

• Complete ælf

Main Chain and

ælf Asset Chain

cross-chain

interaction

Governance

Structure

• Voting System

Based on ælf

Token

• New Voting

Mechanism

• Side Chain

Accessing

Mechanism

• Emergency

Mechanism

Commercial

Launch

• ælf is

commercially

available and

can be formally

used in

commercial

scenarios

Feb 2018 May 2018 Aug 2018 Jan 2019


PROJECT OVERVIEW

Token information


• Ticker: ELF

• Listing date: December 21, 2017

• Markets: Binance, Huobi, OKEx, Bibox, Gate.io, BCEX, etc.

• Circulating market cap: US$610 million

• Circulating token supply: 250,000,000 ELF

• Total token supply: 260,000,000 ELF

• 7-day average volume: $160 million

• % of circulating market cap: 26.2%

• Historical high: US$2.77 (January 7, 2018)

• Historical low: US$0.63 (December 22, 2017)


PROJECT OVERVIEW

Price Chart


Source: Coinmarketcap

ELF HISTORICAL MARKET CAP AND PRICE MOVEMENTS

Market Cap (USD M)

Price (USD)

Price (BTC)

24h Volume


WHY DO WE LIKE IT?

#1 – Hidden gem that is under the radar

• Ælf did not have a public ICO.

• It raised 55,000 ether through a private placement with leading VCs such as FBG Capital,

Draper Dragon, Blocktower, AlphaBit, and others.



WHY DO WE LIKE IT?

#2 – Rich feature of the blockchain (1/5)

• Introduces the concept of main chain and multi-layer side chains to handle various

commercial scenarios. One chain is designed for one use case, distributing different tasks

on multiple chains and improve processing efficiency.



WHY DO WE LIKE IT?


• Enables ælf to

communicate with

external blockchain

systems via messaging,

e.g. Bitcoin, Ethereum.

• ælf does not seek to

replace existing

blockchains but aims to

complement them.


CROSS-CHAIN COMMUNICATION


WHY DO WE LIKE IT?


• Permits parallel processing

for non-competing

transactions and cloud-

based services.

• Transactions within a group

will be processed in

sequence, while all groups

will be processed

simultaneously.


PARALLEL TRANSACTION PROCESSING WITHIN A BLOCK


WHY DO WE LIKE IT?


• Enables scalable performance

as computational power

increases as the ælf kernel

enables each node to operate

on a cluster of computers.

• When more computational

power joins the ælf ecosystem,

it not only enhances system

security but also grows

transaction speed

proportionally.


A FULL NODE RUNNING ON A CLUSTER


WHY DO WE LIKE IT?


• Permits stakeholders to

approve amendments to the

protocol.

• Examples: redefining the

consensus protocol; permits

side chains to join or exit from

main chain dynamically based

on consensus protocol.


CUSTOMIZABLE CONSENSUS PROTOCOLS

Type Trust level FocusConsensus

protocol

Private chain High Performance PBFT

Public chain Low StabilityPoW, PoS,

DPoS


MORE INFORMATION

Resources

• Website: http://aelf.io/

• Reddit: https://www.reddit.com/user/aelf_blockchain/

• GitHub: https://github.com/aelfProject

• Telegram: https://t.me/aelfblockchain

• A good write-up on ælf: https://steemit.com/ethereum/@oxfordcrypto/a-complete-

guide-to-aelf-formerly-grid-the-polkadot-of-china-partnered-up-with-fbg-draper-

dragon-gbic-decentraland

• A PDF presentation on the project: https://grid.hoopox.com/aelf_presentation_EN.pdf


http://aelf.io/

https://www.reddit.com/user/aelf_blockchain/

https://github.com/aelfProject

https://t.me/aelfblockchain

https://steemit.com/ethereum/@oxfordcrypto/a-complete-guide-to-aelf-formerly-grid-the-polkadot-of-china-partnered-up-with-fbg-draper-dragon-gbic-decentraland

https://grid.hoopox.com/aelf_presentation_EN.pdf


Documents

CrushCrypto Crusher of the Month - January 2018: aelf (ELF) · • Crosschain blockchain protocol that intends to become the new internet infrastructure to support the next generation