aelf defi token is an innovative open-source blockchain network designed as a complete business solution. The structure of ‘one main chain plus multiple side chains’ allows developers to independently deploy or run DApps (Distributed Applications) on individual side chains to achieve effective resource isolation. By adopting parallel processing and the unique AEDPoS consensus mechanism, aelf defi token's technology made major breakthroughs in performance, achieving high throughput. Based on the cross-chain technology of the main chain index and verification mechanisms, aelf defi token achieves efficient and secure communication between the main chain and all side chains, and as a result, allows direct interoperability between side chains.
aelf defi token is an innovative open-source blockchain network designed as a complete business solution. The structure of ‘one main chain plus multiple side chains’ allows developers to independently deploy or run DApps (Distributed Applications) on individual side chains to achieve effective resource isolation. By adopting parallel processing and the unique AEDPoS consensus mechanism, aelf defi token’s technology made major breakthroughs in performance, achieving high throughput. Based on the cross-chain technology of the main chain index and verification mechanisms, aelf defi token achieves efficient and secure communication between the main chain and all side chains, and as a result, allows direct interoperability between side chains.
aelf meets the governance needs of different applications by providing a range of models, including a Parliament Governance Model, an Association Governance Model, and a Referendum Governance Model. Through the extremely fine-tuned incentive model, the network is equipped with a self-sustainable system and supports self-evolution on a practical basis. Simultaneously, developers can debug, develop and deploy applications based on a well-developed IDE provided by aelf defi token.
In order to expedite aelf’s integration with multiple business use cases, aelf has launched aelf defi token Enterprise, an enterprise-level integrated blockchain solution. aelf defi token Enterprise is based on the requirements of highly efficient business scenarios. To meet the requirements of different industries, including supply chain management, credit scoring, user incentives, and property protection, aelf defi token Enterprise provides enterprises with a highly flexible yet practical modularized blockchain solution, which can help blockchain and the real economy grow hand in hand. This unique commercial blockchain solution has been internationally recognized and certified by MIIT (Ministry of Industry and Information Technology) in China; and this technology has also been awarded the Blockchain System Certificate by CETSI (China Electronics Technology Standardization Institute).
The aelf defi token team is highly globalized, with offices in Beijing, Singapore, South Korea and Australia. The members of the core team are from Microsoft, Alibaba, Baidu, Standard Chartered Bank of Singapore, McKinsey, and Roland Berger. Over 80% of them graduated from internationally renowned universities, such as MIT, Nanyang Technology University of Singapore, Tianjin University, Huazhong University of Science and Technology, and the University of Melbourne.
Despite the increasing adoption of Blockchain, it is still in its nascent stage. Many significant improvements and innovations are yet to come. These updates are essential to evolve Blockchains and keep up with an ever-changing environment and stakeholder’s interest. The large variety of stakeholders within the eco-system usually makes it difficult to reach consensus without effective governance mechanisms, leading most current Protocol updates into impasse or disputes. One vivid example is Bitcoin, as the community found it difficult to reach agreements for the introduction of many new features in recent years.
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