A Decentralized Cloud Computing Blockchain Network.
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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.