aelf is a public blockchain network providing a Layer-2 solution with a "Main Chain and Sidechain structure”, which consists of one Main Chain and multiple Sidechains attached to the Main Chain, and Sidechains could run independently on different servers. In December 2020, the aelf Mainnet and the first sidechain were launched.
With the launch of mainnet swap and the update of the website, aelf adjusts the brand position and ecological layout. aelf is building an ecosystem with aelf mainnet, aelf oracle, and DeFi protocols and is committed to providing comprehensive decentralized solutions.
aelf mainnet adopts AEDPoS consensus and the average TPM of all chains reaches about 500 now with the gas fee fixed at $0.1. Each sidechain is independent and specializes in processing one type of transaction to build a Blockchain system with high on-chain TPS through parallel processing. aelf oracle was developed to effectively realize decentralized cross-chain messaging and asset transfer. At the same time, aelf is developing diverse DeFi projects and hopes to cover all areas including AMM, Lending, Vault, NFT, etc.
aelf adopts the mainnet swap has started on Sep. 9th, and will last for three months. The circulation of ELF tokens remains 1 billion and will be used for trading, governance and node election. ELF holders could participate in aelf ecology by becoming Block Producer, Valid backup node, or Voter.