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The Chinese cryptocurrency project Aelf is called by many experts the breakthrough of the year. The platform, which was announced for launch in late 2018/early 2019, is based on regulated sidechains, parallel computing and cloud technologies and raised almost 25 million USD during the Token Pre-Sale.
The name Aelf should be read as “elf”, the first two characters, in fact, are written with the digraph æ and sound like one of the shades of the Russian letter E. The project developers position the platform being created as a new step in the evolution of the blockchain. They set a rather ambitious task: to create a self-regulating platform of global scale, capable of solving numerous problems.
The Aelf ecosystem will provide not only cross-chain communication within itself, but also between external blockchains, such as bitcoin or ether. The interaction between the chains is flexibly configured by agreement. To “communicate” with external blockchains, bitcoin, etc., the main chain uses the Merkle Tree format.
