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aelf

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aelf Whitepaper

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aelf FAQ

{ "q": "about", "a": "aelf, an AI-enhanced Layer 1 blockchain network, utilizes the robust C# programming language to achieve high efficiency and scalability across its intricate multi-layered architecture. Established in 2017 with its global headquarters in Singapore, aelf stands as a pioneer in the field, leading Asia in blockchain innovation through cutting-edge AI integration and modular Layer 2 ZK Rollup technology. This ensures an efficient, cost-effective, and highly secure platform that caters to both developers and end-users. In line with its forward-thinking vision, aelf is dedicated to fostering innovation within its ecosystem and advancing the adoption of Web3 and AI technologies.\n\nThe journey of aelf commenced on December 10, 2017, with the unveiling of its vision and plans to global investors at a Coindesk conference. The company completed its fund-raising ahead of schedule, securing investments from prominent institutions such as Arrington Capital, Draper Dragon, and Galaxy Digital. The Testnet was successfully launched in 2018, followed by the successful launch of the Mainnet in 2020. aelf is currently operated and managed by a team of seasoned Web3 veterans led by its founder and CEO, Auric, who collectively bring extensive expertise, innovation, and drive to the company.\n\nFor more information about aelf, please refer to [https://www.aelf.com](https://www.aelf.com) and our Whitepaper V2.0, or visit us on X for the latest updates.", "rank": "0" }

What is aelf? Aelf is a decentralized cloud computing blockchain network designed to provide a high-performance platform for commercial adoption. It aims to solve issues of scalability, performance, and efficiency by enabling developers to create custom blockchains and run them parallel to each other. Aelf achieves this through a multi-chain architecture and a unique consensus protocol. For more detailed information on aelf, please refer to Eulerpool.

Aelf (ELF) is distinguished as a multi-chain parallel computing blockchain framework designed to address the limitations of traditional blockchain systems. Introduced in December 2017, aelf has attracted investments from notable institutions including Arrington Capital and Galaxy Digital. Its architecture is multi-layered, supports a wide array of applications, and features AI-enhanced capabilities. Fundamentally, aelf is an open-source blockchain network providing business solutions for developers to deploy and manage decentralized applications (dApps). The network is structured with a main-chain and multiple side-chains, ensuring resource isolation and efficient processing. This structure facilitates seamless communication with external blockchain networks, enhancing interoperability. Aelf utilizes the C# programming language, recognized for its efficiency and scalability, to support its sophisticated multi-layered architecture. The network's AI-enhanced Layer 1 blockchain integrates modular Layer 2 ZK Rollup technology, offering a low-cost, highly secure platform that is both developer and end-user friendly. This positions aelf as a pioneer in the blockchain industry, particularly in Asia, where it leads in integrating AI and blockchain technologies. Aelf's journey began with its introduction to global investors at a Coindesk conference in December 2017, where it quickly secured substantial funding. The Testnet was launched in 2018, followed by the Mainnet in 2020. Managed by a team of experienced Web3 veterans led by founder and CEO Auric, aelf continues to drive innovation in the blockchain space.

What is the technology underlying aelf?

The technology behind aelf (ELF) represents a sophisticated combination of advanced blockchain architecture and state-of-the-art artificial intelligence. Fundamentally, aelf functions on a multi-chain framework, facilitating the creation of multiple side chains that can operate independently while seamlessly interacting with the main chain. This design is intended to improve scalability and efficiency, enabling the network to accommodate a high transaction volume without congestion. A notable feature of aelf's blockchain is its AI-enhanced architecture. This incorporation of AI technology leads to enhanced performance and automation within the ecosystem. For example, AI-driven machine learning models are utilized to optimize various processes such as smart contract creation and auditing. Natural Language Processing (NLP) and AI-powered chatbots further streamline these operations, simplifying the deployment and management of smart contracts for developers. Security is a critical concern in any blockchain network, and aelf addresses this with several innovative mechanisms. One such mechanism is the AI Oracle, which aims to establish a credible Web3 AI framework for AI-focused decentralized applications. This Oracle not only strengthens the network's security but also ensures the integrity and reliability of data used in smart contracts. Moreover, the modular Layer 2 ZK Rollup technology adopted by aelf provides an additional layer of security while maintaining low transaction costs and high efficiency. The programming language utilized in aelf's development is C#, selected for its robustness and scalability. This choice guarantees that the platform is both developer-friendly and capable of executing complex operations efficiently. The use of C# also facilitates the incorporation of various AI components, further augmenting the network's capabilities. Established in 2017 and based in Singapore, aelf has been at the forefront in merging AI with blockchain technology. The network's progressive vision is demonstrated by its dedication to promoting innovation and advancing the adoption of Web3 and AI technologies. The team behind aelf, led by founder and CEO Auric, consists of highly experienced Web3 veterans who bring extensive expertise and motivation to the project. aelf's journey began with its introduction to global investors at a Coindesk conference on December 10, 2017. The project swiftly gained momentum, attracting investments from prominent institutions such as Arrington Capital, Draper Dragon, and Galaxy Digital. The successful launch of the Testnet in 2018 and the Mainnet in 2020 marked significant achievements in aelf's development, highlighting the network's capabilities and potential. Besides its technical excellence, aelf's ecosystem is designed to be user-friendly for both developers and end users. The platform's architecture supports a diverse array of decentralized applications (dApps), making it a versatile choice for developers aiming to build on a secure and efficient blockchain network. The integration of AI further enriches the user experience, delivering automated solutions and intelligent insights that simplify the development and management of dApps.

What are the practical applications of aelf in real-world scenarios?

Aelf (ELF) is a blockchain platform distinguished by its integration of artificial intelligence (AI) and its emphasis on enterprise use cases. Founded in 2017 and based in Singapore, Aelf utilizes the C# programming language to develop a scalable and efficient multi-layered architecture. The platform is designed to be accessible and user-friendly for both developers and end-users, ensuring a smooth experience for all involved. A primary real-world application of Aelf lies in the creation and auditing of smart contracts. By integrating AI, Aelf offers an advanced environment for the development of smart contracts, enhancing the process in terms of efficiency and security. AI-based smart contract auditing further guarantees that these contracts are dependable and free from vulnerabilities, which is critical for enterprise adoption. Aelf also has significant applications across various industries, including healthcare, supply chain management, and eCommerce. In healthcare, Aelf's blockchain technology facilitates the secure storage and management of patient records, ensuring data privacy and integrity. In supply chain management, Aelf enables the tracking of goods' movement, offering transparency and reducing fraud risk. For eCommerce, Aelf supports secure and efficient transactions, improving the overall user experience. Moreover, Aelf seeks to transition mass Web2 users to Web3 through its AI integration. This involves utilizing AI to enhance operational efficiency and user experience, thereby simplifying the adoption of blockchain technology for traditional internet users. The platform's dedication to innovation is further underscored by its $50 million ecosystem fund, which supports the development of new projects within its ecosystem. Aelf's modular Layer 2 ZK Rollup technology ensures an efficient, cost-effective, and highly secure platform. This technology is particularly advantageous for scaling blockchain applications, allowing them to process a higher volume of transactions without compromising security or speed.

What significant events have occurred for aelf?

aelf (ELF) is an AI-enhanced Layer 1 blockchain network utilizing the robust C# programming language to achieve efficiency and scalability within its sophisticated multi-layered architecture. Established in 2017 and headquartered in Singapore, aelf is an industry pioneer, leading Asia in the evolution of blockchain through cutting-edge AI integration and modular Layer 2 ZK Rollup technology. This approach guarantees an efficient, low-cost, and highly secure platform that is friendly to both developers and end-users. In line with its forward-thinking vision, aelf is dedicated to promoting innovation within its ecosystem and furthering the adoption of Web3 and AI technologies. aelf's journey commenced on December 10, 2017, when its vision and strategies were presented to global investors at a Coindesk conference. This event marked the inception of aelf in the blockchain arena. Soon after, aelf successfully concluded its fundraising, gaining support from reputable institutions such as Arrington Capital, Draper Dragon, and Galaxy Digital. This early financial backing provided a robust foundation for the project's progression. In 2018, the launch of aelf's Testnet served as an important milestone, enabling developers and users to interact with the network and evaluate its capabilities. This Testnet introduction was a critical step in showcasing the functionality and potential of aelf's blockchain technology. During this period, aelf's ELF token was listed on major cryptocurrency exchanges, enhancing its market accessibility and liquidity. The 2020 launch of aelf's Mainnet represented another key event, marking the network's readiness for broader adoption and real-world applications. Transitioning from Testnet to Mainnet underscored aelf's dedication to delivering a scalable and efficient blockchain platform capable of supporting complex decentralized applications (dApps). aelf has consistently pursued the integration of AI technology into its blockchain network. This integration aims to bolster the network's capabilities and provide groundbreaking solutions within the blockchain sector. Partnerships and advancements in AI technology have been central to aelf's focus, illustrating its commitment to maintaining a leading position in technological innovation. The team spearheading aelf, under the leadership of founder and CEO Auric, consists of highly seasoned Web3 veterans. Their expertise and innovative methodology have been crucial in steering the project's achievements and ongoing development. The leadership's vision and strategic direction have established aelf as a substantial entity in the blockchain industry, particularly in Asia. Throughout its evolution, aelf has consistently prioritized fostering innovation within its ecosystem. The project remains dedicated to advancing the adoption of Web3 and AI technologies, ensuring its platform remains pertinent and competitive within the swiftly changing blockchain landscape.

Who are the founders of aelf?

aelf (ELF) is an AI-enhanced Layer 1 blockchain network established in 2017, with its global headquarters situated in Singapore. The project utilizes the powerful C# programming language to ensure efficiency and scalability within its complex multi-layered architecture. The founders of aelf include Auric and his team of seasoned professionals in the industry. Auric, serving as the CEO, leads a team of highly skilled Web3 veterans who bring a considerable amount of expertise, innovation, and ambition to the company. The vision and strategic plans for aelf were presented to global investors on December 10, 2017, at a Coindesk conference.

Investors interested in aelf are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.