What is aelf? Before I go any further, let me give a brief introduction to the aelf project. aelf, for all intents and purposes, isShow more [+] creating a new blockchain which will resolve 3 main blockchain problems which has been restricting this technology from being adopted in more mainstream uses. These problems are limited performance, lack of resource segregation, and a properly working governance model. By resolving these issues, aelf will be bringing blockchain technology into business scenarios with full force.
In response to this, they have created a blockchain which can be integrated to side chain specific business scenarios. The aelf blockchain and sidechains will possess the following qualities:
- High efficiency and scalability to handle transactions/applications at a commercial scale
- High flexibility to customize Smart Contracts to meet the needs of different industries
- High adaptability to new technology in the future
- High compatibility to allow communication across public and private Chains and existing Blockchains
aelf was originally launched as Grid, however due to confusion with a similar project called Grid+, it was rebranded as aelf late November 2017. Another confusion which was cleared up early in aelf’s life was the complete separation from the Polkadot project.