Aelf (ELF)
A Decentralized Cloud Computing Blockchain Network.- Aelf is a decentralized cloud computing network, with a multi-chain, parallel-processing system, cross-chain communication, and self-evolving governance.
- Aelf has an extensive governance model that features a Parliament Governance Model, an Association Governance Model, and a Referendum Governance Model. Through the incentive model, the network is equipped with a self-sustainable system and can roll out self-development on a practical basis.
- The network runs a Delegated Proof-of-Stake (DPoS) consensus mechanism, where token holders can delegate tokens to support block producers they trust.
- The ELF token is used in voting for governance, staking and delegating, as well as gas fee for simple token transactions and smart-contract executions.