ELF from aelf – Dether Talk – Medium
This is the latest in a series of “Token Spotlights” that will feature new tokens listed in the Dether app. Discover what they are, and why they’re important.
Aelf is a multi-chain, parallel computing blockchain framework, comparable to a “Linux system” for blockchain technology. Aelf seeks to solve issues like governance for system updates, transaction speed, scalability, and interoperability.
Aelf runs on a main chain (which doesn’t hold any smart contracts) that branches with external side chains (like Ethereum and Bitocin) and internal side chains.
Aelf can interact with other blockchains, like Ethereum and Bitcoin, allowing developers to use the aelf kernel to create customizable side chains for specific business or commercial needs. Aelf’s reach extends into financial services, digital identity, and Internet of Things (IoT) applications.
Using the ELF token
All aelf side chains accept the aelf token as a storage of value and a means of value transfer. It can be transferred across any chain that accepts the aelf token and used to deploy smart contracts. It can also be used for systems operations and upgrades. ELF also enables community members to vote on major decisions.