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aelf ELF Price

$0.305

-1.9%

$0.301

24h Range

$0.312

Market Cap

$225,111,435.3

Fully Diluted Valuation

$303,571,624.9

24 Hour Trading Vol

$27,101,223.9

Circulating Supply

738,908,388.1

Total Supply

996,447,025.0

Max Supply

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ELF Price Statistics

aelf Price

$0.305

24h Range

$0.301 - $0.312

Percent Change 1h

0.42%

Percent Change 24h

-1.9%

Percent Change 7d

3.62%

All-time high

$2.60

All-time low

$0.035

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About aelf

What is aelf (ELF)?

aelf (ELF) is a decentralized cloud computing blockchain network designed as a multi-chain system tailored for the needs of enterprises and developers. Launched in 2017, aelf aims to tackle the limitations of existing blockchain technologies, such as scalability and interoperability, by offering a flexible architecture. It features a unique consensus mechanism known as Delegated Proof of Stake (DPoS), which allows for faster transaction processing and improved network efficiency. As of 2024, aelf has positioned itself as a leading platform for decentralized applications (dApps), with its native token, ELF, primarily used for transaction fees, staking, and governance within the ecosystem.

Who are the Founders of aelf?

aelf was co-founded by Ma Haobo, who previously worked as a software engineer at large tech firms and has extensive experience in blockchain technology. He is accompanied by a team of professionals with backgrounds in technology, finance, and business development. The team has focused on building aelf as a robust blockchain solution to address the challenges faced by enterprises, emphasizing scalability, modularity, and user-friendliness.

How does aelf Work?

aelf operates on a multi-layer architecture that separates its core functionalities into different layers, including the consensus layer, the network layer, and the application layer. The core elements of aelf's functionality include:

  • Multi-chain Structure: aelf allows multiple side chains to operate under a single main chain, promoting scalability and enabling parallel processing of transactions.
  • Delegated Proof of Stake (DPoS): This consensus algorithm enhances transaction speed and allows token holders to vote for delegates to validate transactions on their behalf.
  • Smart Contracts: aelf supports various programming languages for smart contract development, making it accessible for developers from different backgrounds.
  • Resource Allocation: aelf has a unique resource allocation strategy that enables users to allocate computing resources based on their needs, optimizing the performance of dApps.

Top Use Cases of aelf

aelf has several key use cases that highlight its versatility and functionality:

  • Enterprise Solutions: aelf provides a blockchain infrastructure that can be tailored for enterprise applications, allowing businesses to streamline operations and enhance transparency.
  • Decentralized Applications (dApps): Developers can build scalable dApps on aelf’s platform, benefiting from its high throughput and flexibility.
  • Token Issuance: aelf supports the creation and management of tokens, making it suitable for Initial Coin Offerings (ICOs) and other fundraising mechanisms.
  • Supply Chain Management: aelf can be utilized to track supply chains, ensuring authenticity and traceability of products.
  • Gaming and NFTs: The platform allows for the development of blockchain-based games and non-fungible tokens, facilitating new revenue streams for creators.

How to Keep your aelf Safe?

To ensure the safety of your aelf (ELF) tokens and assets, consider the following best practices:

  • Use Hardware Wallets: Store your ELF tokens in a hardware wallet, which provides an extra layer of security against online threats.
  • Enable Two-Factor Authentication (2FA): Always enable 2FA on your accounts associated with aelf to protect against unauthorized access.
  • Keep Your Private Keys Secure: Never share your private keys with anyone and store them in a secure location.
  • Stay Updated on Security Practices: Regularly follow updates from the aelf team regarding security practices and potential vulnerabilities.
  • Use Reputable Exchanges: When trading ELF tokens, use well-known and trusted cryptocurrency exchanges to minimize risks.

How to Invest in aelf (ELF)?

Investing in aelf (ELF) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy aelf: Once your account is funded, you can purchase aelf directly from the exchange. Choose the desired amount and complete the transaction.

Investing in aelf (ELF) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in aelf using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for aelf (ELF) in the Long Term?

aelf (ELF) is currently trading at $0.305 and exhibits good potential for future growth. Check the latest aelf (ELF) price prediction.

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