Search results for - aelf

aelf Cryptocurrency is currently on bullish momentum by 12.95% in the last 6 hours. At 03:51 EST on Friday, 7 May, aelf is at $0.49.

Regarding aelf’s daily highs and lows, it’s 11.87% up from its trailing 6 hours low of $0.44 and 0.46% up from its trailing 6 hours high of $0.49.

Currently, aelf has 87804 Twitter followers and 33373 Reddit subscribers.

As of now, on Github, there are 196 forks, 730 stars, and 157 subscribers.

Bitcoin traders in U.S. lack investor protections, gensler says. According to Bloomberg Quint on Thursday, 6 May, "But there are some areas, particularly Bitcoin trading on large exchanges, that the public is not currently really protected.", "Gensler didn’t weigh in on whether the SEC intends to approve a Bitcoin exchange-traded fund, something the cryptocurrency market is desperate for and is one of the most consequential issues for the industry."

Goldman offers new Bitcoin derivatives to wall street investors. According to Bloomberg Quint on Thursday, 6 May, "Goldman Sachs Group Inc. is wading deeper into the $1 trillion Bitcoin market, offering Wall Street investors a way to place big bets.", "The firm then protects itself from the digital currency’s famous volatility by buying and selling Bitcoin futures in block trades on CME Group Inc., using Cumberland DRW as its trading partner. "

Square revenue more than triples, driven by Bitcoin purchases. According to Bloomberg Quint on Thursday, 6 May, "Chief Executive Officer Jack Dorsey, who also runs social network Twitter Inc., is a vocal Bitcoin proponent, and has praised the idea of an unregulated, global cryptocurrency. ", "Revenue from Bitcoin sales — which includes the total value of Bitcoin purchases on its Cash App — climbed more than elevenfold to $3.51 billion, up from $306 million a year earlier, the company said Thursday in a shareholder letter. "

S&p dow jones brings Bitcoin, ethereum to wall st with cryptocurrency indexes. According to FX Empire on Tuesday, 4 May, "The new indexes, S&P Bitcoin Index, S&P Ethereum Index and S&P Crypto Mega Cap Index, will measure the performance of digital assets tied to them."

More news about aelf.

Unfortunately, today’s blockchains lack the capability and efficiency to function as a versatile operating system and support the multiple applications needed in a commercial setting. Looking at the current landscape, Bitcoin, the pioneering design, offers many similarities to an application. In comparison, Ethereum continues to demonstrate many characteristics of an Operating System, such as the ability to program smart contracts and the provisions of a programming language. But, insufficient system interfaces and lack of customization in some modules suggest that limits on the commercial application of Blockchain technology still exist. 

Currently, there are two widely accepted trends to improve the capacity of Ethereum. One trend requires a group embedding an EVM engine. Unfortunately, EVM is not strong enough to support parallel transactions. Another group finished the EIP 1559 upgrade on Ethereum in August, trying to reduce gas fees.

To address these concerns, the team behind aelf has developed an open-source blockchain network powered by the cloud and designed as a multi-level sidechain structure, enabling unlimited scalability on the road to a decentralized future. With this platform, users can gain access to a single solution to break industrial bottlenecks, including performance and cross-chain functionality. When considering performance, the platform has set up each node in the network as its own cloud computing center. Combined with a multi-level sidechain structure, each node then gains unlimited scalability. Currently, aelf Enterprise has approached 35k TPS, per sidechain. 

According to the company, aelf is looking to “connect with all the existing ecosystems, including but not limited to Bitcoin, Ethereum, DeFis, etc.” The intent is that “sooner or later, everyone in crypto work could surf at the highest freedom with aelf’s ultimate performance and cross-chain function.” 

The future of blockchain

Among the existing challenges faced by blockchains today include blockchains not being scalable, lack of a pre-defined consensus protocol to adopt updates or adjust to new technologies. To address these major concerns and lead the world to a decentralized future, the platform suggests that a different Layer-two solution from any other projects in the world is needed.

aelf is leveraging a structure of one main chain and multiple side chains to allow developers to independently create and run dApps (decentralized applications) for more effective resource isolation. Furthermore, the ability to leverage parallel processing and the AEDPoS consensus mechanism has helped the platform achieve higher throughput. 

The platform functions as a real Ethereum layer-two solution, allowing NFTs to circulate between Ethereum's and the project’s ecosystems and supporting more NFT application scenarios. Perceived results include greater affordability, as the intended service fee on the aelf mainnet is estimated to be $0.10 regardless of market conditions. 

Secondly, the platform will address concerns around freedom and bridge isolated ecologies. With a versatile oracle, the platform intends to retrieve off-chain data and help facilitate two-way communication among projects.

Planning for the future

Currently, aelf Enterprise is the only blockchain infrastructure that passes all available blockchain accreditations from CESI - Function, Performance and Reliability. 

Looking at the aelf’s roadmap, their upcoming mainnet token swap on 

Once swapped, users can stake their mainnet ELF tokens to vote. By doing so, they will be able to receive the “Citizen Welfare” from aelf Dividend Pool. They will also receive tickets to participate in the development and governance of the mainnet. 

The team also shares, “in the future, we will invite retailing stores to build their business on-chain,” adding their motto, "tomorrow is running on aelf."

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Five under-the-radar crypto assets are in a hot streak, up by 144% or more over a period of one week as the digital asset market continues to rally. 

One of the best-performing altcoins this week is Function X (FX), which currently holds a market cap of $314 million. The project aims to mirror traditional financial products on its protocol while building decentralized financial products and a decentralized trading system. 

Data from CoinGecko shows that the Ethereum-based crypto asset soared 402% from a 7-day low of $0.44 to a high of $2.12. The altcoin has retraced since and is now trading at $0.78. 

Next up is Vectorspace AI (VXV) a blockchain platform focused on powering advanced approaches to machine learning (ML) and artificial intelligence (AI). The crypto project climbed from a seven-day low of $3.47 to its all-time high of $10.94, representing a price jump of over 215%.

The third cryptocurrency seeing a major rally this week is Bitcoin Cash ABC (BCHA), which holds a market cap of $5.84 billion. BCHA, designed as a means of payment, rose from a low of $114.51 to a high of $345.96 in just seven days, marking a 202% increase.

Although the value of BCHA grew 3x in a span of one week, it is still down nearly 20% from its all-time high of $378.12.

Another red-hot altcoin as of late is Fantom (FTM), a network of custom blockchains that aims to power smart cities. From a low of $0.47, the token rallied to $1.16, surging by 144% within seven days.

At time of writing, FTM is trading at $1.04.

The fifth crypto making a major stride this week is aelf (ELF), which is a decentralized cloud computing network and business-oriented blockchain platform. In seven days, ELF ascended from a low of $0.36 to a high of $0.88 to mark an increase of 144%. 

The coin has given up some of its gains and is trading at $0.68 at time of writing.

Featured Image: Shutterstock/ mona redshinestudio/Charming Decor Art

Polkadot (DOT) is now available for trading on digital asset platform CoinList.

The CoinList team says they are pleased to confirm that users are now able to trade Polkadot (DOT) on their platform. Eligible or qualified CoinList users can trade DOT via CoinList Pro, CoinList.co, and CoinList mobile.

As noted in an update by the CoinList team, Polkadot’s goal is to become the blockchain protocol that connects several different unique blockchain or DLT networks into one, single universal network. Polkadot was founded by the Web3 Foundation and is focused on creating the infrastructure for the decentralized web (web 3.0) that aims “to disrupt today’s tech giants and empower individual users by focusing on security, scalability, and innovation.”

While explaining how Polkadot actually works, the Kraken team noted that its main or primary chain is called the Relay Chain while individual blockchain or DLT networks in the Polkadot ecosystem are called Parachains (parallel blockchains).

All transactions are “finalized on the Relay Chain and all Parachains share in the security of the Relay Chain,” the CoinList team noted while adding that developers are able to create their own custom Parachain and “once it is connected to the Polkadot network, it becomes interoperable with all other parachains on the network.” As mentioned in a blog post by CoinList, this “solves major interoperability challenges found in today’s cryptocurrency environment.”

Going on to clarify what the DOT token is used for, CoinList added:

“Like other blockchain infrastructure projects, Polkadot has its own native token. DOT grants token holders with governance rights of the entire Polkadot platform, including determination of network fees, voting on network upgrades, and the deployment of Parachains. DOT can also be used for bonding during Parachain auctions. In order to be added to the network, Parachains must win an auction that uses DOT as collateral. DOT is released once the bond duration has ended and the parachain is removed from the ecosystem.”

CoinList also mentioned that they’re excited to help with further building and supporting the Polkadot ecosystem and “by supporting DOT trading on CoinList [they] want to give [their] users a way to participate in the future of interoperability of blockchains.”

To learn more about how to participate in this offer, check here.

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Plasma.Finance (PPAY) Uniswap Update (+35%) | $200 Bitcoin Giveaway (Altcoin Buzz and AAX Exchange) | Aelf Blockchain Mainnet 1.0 Launch | YfDFI Finance (YFD) Staking Partnership with Ferrum Network | Zilliqa ZIL Has 27% of Supply Locked in Staking with 17.7% APY | Positive Macro BTC and ETH News

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⏰ Timestamps 0:00 Plasma.Finance (PPAY) Uniswap Update (+35%) 1:33 $200 Bitcoin Giveaway (Altcoin Buzz and AAX Exchange) 1:56 Aelf Blockchain Mainnet 1.0 Launch 2:28 YfDFI Finance (YFD) Staking Partnership with Ferrum Network 5:30 Zilliqa ZIL Has 27% of Supply Locked in Staking with 17.7% APY 7:56 Positive Macro BTC and ETH News

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Blockchain security solution provider CertiK has been chosen by Kava Labs to offer improved security for the Kava Ecosystem.

As part of the partnership, CertiK will be getting a portion of the $185M Kava Ignition Fund in order to carry out regular security assessments of the Kava Platform and offer key insights into “the security and risk of projects on the ecosystem via their Security Leaderboard.”

Established in 2018 by professors of Yale University and Columbia University, CertiK is a pioneer in blockchain security, “utilizing best-in-class AI technology to secure and monitor blockchain protocols and smart contracts.”

CertiK’s goal is to “secure the cyber world.” Beginning with blockchain, CertiK applies innovations from academia to enterprise infrastructure, “enabling mission-critical applications to be built with security and correctness.”

To date, CertiK has collectively worked with more than 1300 enterprise customers to help “secure over $90 billion worth of digital assets.”

What To Expect

As part of Kava Labs’ dedication to user safety, CertiK will “receive Kava Ignition funding to bring an additional layer of risk mitigation and user protections to the Kava Ecosystem.” This will involve “a combination of continuous risk assessment for ecosystem projects and regular code audits for the Kava Platform,” the announcement noted.

“The Kava Ecosystem is all about onboarding best-in-class developers to deliver value to users of the world’s safest DeFi platform. It’s only natural that we’d onboard CertiK to secure the Kava Ecosystem and protect its users,” stated Scott Stuart, Kava CEO.

CertiK will also be offering five Kava Ecosystem projects “with integrations of their real-time threat monitoring service, Skynet.” This will be used to offer risk insights to developers and “up-to-the-minute security scores that will be shared with users on the Security Leaderboard.”

The Future

As a leader in blockchain security, CertiK is “a perfect infrastructural partner for the Kava Ecosystem.” Utilizing AI tech to monitor for vulnerabilities, CertiK will “give both developers and users unparalleled peace of mind when building and transacting in the Kava Ecosystem.”

As the Kava Ecosystem continues to grow, Kava Labs and CertiK will “explore additional ways to expand the partnership and ensure that the Kava Ecosystem remains the safest place for both DeFi projects and users.”

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IOST has teamed up with Moonstake in order to support staking functionality for IOST coin on Moonstake wallets.

Moonstake began offering services in the staking business in 2020 with the goal to develop the biggest staking network in Asia. Since that time, Moonstake claims it has created the most user-friendly crypto wallets for Web Wallet and Mobile Wallet (iOS / Android) that are reportedly compatible with more than 2,000 virtual currencies.

After completing a full-scale operation that was introduced in August 2020, Moonstake’s total staking assets now “sit at over $993 million and the Moonstake platform is now one of the top 15 largest staking service providers globally in just one year,” according to a blog post by IOST.

As noted in the update, The Moonstake’s staking community can “easily” earn staking rewards from  Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, and soon, IOST.

IOST is an enterprise-grade blockchain or distirbuted ledger tech (DLT) network created specifically for online service providers. IOST uses a unique, “breakthrough” blockchain consensus protocol known as “Proof of Believability’’ (PoB) that “allows high transaction throughput speeds while all the nodes stay compliant.”

IOST reports a “tremendous 650% boost in market price” which the platform attributes to its entry into the red hot decentralized finance (DeFi) and non-fungible token (NFT) space along with  getting staking support and “increased staking volumes on major global exchanges such as Binance and Huobi.”

As mentioned in the update:

“With seasoned development teams and robust enterprise partnership networks across the globe, the collaboration between Moonstake and IOST promises to bring about a satisfactory staking experience for IOST holders on Moonstake Wallet.”

The full integration of Moonstake wallet “shall happen within May, and Moonstake will also join the IOST ecosystem as a partner node,” the announcement confirmed.

Jimmy Zhong, CEO at IOST, stated:

“We’re pleased to collaborate with Moonstake, one of the world’s top 10 largest staking providers with user-friendly, secure, and highly powerful staking wallets. IOST is always looking to partner with reputable projects and so far, we are very much impressed with the market position Moonstake has achieved in just one year since launch. We look forward to increased adoption of IOST staking and the IOST network following the launch of IOST staking on Moonstake Wallet as well as further collaboration opportunities with the Moonstake team.”

Mitsuru Tezuka, Founder at Moonstake, remarked:

“We’re excited to partner with IOST, an esteemed leading blockchain platform, to enable the IOST staking for our holders on Moonstake Wallet. The demand for IOST staking has been on the rise on the market recently following the many great strategic achievements of the IOST network and we can’t wait to bring this much-requested feature to our users. Moonstake also looks forward to potential deeper collaboration opportunities in different fields of decentralized technology with the innovative experts at IOST.”

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The Internet Computer Community has adopted the threshold ECDSA signatures Motion proposal.

All Bitcoin keys and signatures are being generated by using ECDSA. An ECDSA signature allows us to share a public key and create a signature of certain data using their private key. This process allows us to verify that the signature was actually created by the real owner of the public key.

As mentioned in an update from DFINITY, work will begin to “integrate threshold ECDSA signatures into the Internet Computer so that canister smart contracts can hold BTC and ETH.”

The Internet Computer community is focused on shaping the blockchain’s feature and upgrade roadmap, with “robust discussion taking place within the Developer Forum.” The announcement also mentioned that the DFINITY Foundation is committing research and development (R&D) resources to the Internet Computer ecosystem “in the form of technical contributions.” Technical upgrades are “subject to community discussion, voting, and adoption via motion proposals to the Network Nervous System (NNS).”

As stated in a blog post:

“A proposal (#21340) to ‘Integrate Threshold ECDSA Signatures Into the Internet Computer’ was submitted to the NNS on Sept. 20, 2021 at 15:00 UTC. Voting by neuron holders ended 48 hours later on Sept. 22, with 100% logged Yes votes at a voting power of 313,336,901.”

Due to community engagement and questions on the Developer Forum, voting on the proposal was “postponed from the original Sept. 15 date for five days of additional vetting and reviews,” the blog post confirmed. It further noted that the DFINITY Foundation and Internet Computer Association, and “by extension their corresponding neuron followers, abstained from early voting until the broader community of ICP neuron holders had a chance to vote on the proposal.”

At every stage of a proposal’s life cycle, neuron holders will have “the ability to direct the Foundation’s effort in making the Internet Computer more efficient, faster, and easier to use for developers.” The announcement further noted that the community “decides what upgrades are initiated and what code is adopted, allowing the Internet Computer to evolve in real time.” The proposal for starting work on integrating threshold ECDSA signatures into the Internet Computer in order for canister smart contracts to hold Bitcoin (BTC) and Ethereum (ETH).

As explained in the blog post, there are many types of NNS proposals. This one is “a Motion proposal that does not actively change the code of the Internet Computer, but it does provide an on-chain mechanism for the community to vote on the direction.” This particular proposal, for instance, was to “adopt the design and plan of the integration of ECDSA signatures with the Internet Computer.” It will “take months and multiple NNS proposals to update the code,” the announcement noted.

ECDSA signatures are being widely used in the blockchain or distributed ledger tech (DLT) sector. This feature will “enable canister smart contracts to have an ECDSA public key and to sign with regard to it,” the update noted. The corresponding secret key “is threshold-shared among the nodes of the subnet holding the canister” and this is a prerequisite for “the integration of the Internet Computer with Bitcoin and Ethereum.”

The announcement also mentioned:

“Since those networks use ECDSA, canisters must be able to create ECDSA signatures in order for them to hold BTC and ETH as well as create Bitcoin and Ethereum transactions. Rather than the corresponding secret key being part of the replicated canister state, instead the secret key will be shared among the replicas of the subnet, which must be able to collaboratively create threshold ECDSA signatures whenever a canister makes a signature request.”

The blog post pointed out that this is a “highly” security-critical feature of the Internet Computer, as “considerable value in terms of BTC and ETH will be ‘secured with it in the future.” That’s why the implementation of the feature needs to be “covered by accordingly stringent automated testing.” As confirmed in the update, unit tests and integration tests will be used to “assure the correctness of individual methods and components, respectively.”

To learn more about this update, check here.

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Although Aelf (ELF) is on large trading platforms such as Bitfinex and Binance, this digital coin had its glory stolen by other popular cryptocurrencies stealing its spotlight the most of 2017. But, with the arrival of a new year, there came new solutions, and that is when we heard about ELF again. But, as ELF has new solutions upcoming as well, in the form of a private sale organized to sell as much of this token as possible, we are witnessing a change in trending on behalf of this digital coin. To keep up with this digital token, we first need to explain what ELF exactly is and which idea it represents. ELF or Aelf is a digital coin launched and created to serve a decentralized platform which would allow utilization of Blockchain in the physical world of business. That means that developers behind this token have the idea of increasing scalability within blockchain technology so that the current model of business doing could be modified and improved. To solve the problem of scalability within blockchain technology, the developers have concluded that the best option for reaching their goal would be to create a blockchain ecosystem that would be decentralized but working in a similar way operative systems like Linux do. That is how ELF token is planning on running its platform, Aelf, based on nodes that would be organized in clusters. To put this simply, Aelf would be running on nodes that would allow transactions within different groups. So, while there would be transactions being processed in one group, other groups would be able to simultaneously perform different transactions within their network, but unrelated to other groups. The idea behind this type of system is to ensure that the groups for transactions are organized by similar “interests.” That means that different businesses would be organized in different groups, that way creating a well-organized ecosystem that would enable easy business doing and turn-key solutions. So, Aelf has the main goal to become a blockchain decentralized platform that would meet business and mainstream institution needs with each smart contract running on its own network in the form of nodes, which would at the same time solve the scalability issue most platforms have. The goal of this project is to revolutionize the way people are doing business today, but at the same time, creators of this platform are looking into efficiency and security problems that have to be solved. In that spirit, each smart contract and each transaction group will run on separate chains, that way posing a new business model and revolutionizing several mainstream markets. The idea is to accept any type of business and create a versatile community that will be able to obtain a self-sufficient status. Think about it as a reality within a reality where virtual world is actually connected to the physical world. The result would be simplified business ventures, safe and fast transactions and low fees. The ecosystem supported by this token should take on the announced novelties pretty soon, potentially creating an incentive business ecosystem that would be ready for several business types, models, and scenarios with a turn-key solution. To make this project more desirable and boost ELF sales, the team has organized a private sale where they managed to collect 55.000 ETH on behalf of ELF token, that way boosting the price of this coin along the way. Another project with the idea of promoting ELF was recently launched when the team behind this coin invited people to join a project called Azeroth. The launched project is supposed to reward anyone who applies and registers with free ELF tokens in a way known only to the registered parties that are participating in this project. All these projects, including the private sale, probably represent a way of making this no longer forgotten coin, well remembered and running across mainstream waters. It seems that this strategy is working pretty well as ELF is experiencing increases in price, leading from the original major increase in 2018 that happened on January 18th when a whole lot of different tokens were actually suffering from major decreases. And, on January 26th, ELF had another jump marked at 21% of increased price thanks to the launching of Azeroth, a free rewarding program. Look for the team behind ELF to have all the announced changes implemented into a functional community. Once implemented, the price will most certainly rise. We will be updating our subscribers as soon as we know more. For the latest on,  sign up below! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Token NewsShare.Price Action Over the past week, aelf saw its price go up by 5.69%. It is below its 20 day moving average by 4.68%, so its slightly away. aelfs bullish momentum, if assessed by its distance from its 20 day moving average, is pretty far negative compared to the other coins were covering, and thus may be due for a correction upwards or some kind of a period of low volatility. In terms of volatility, aelf exhibits greater price volatility than approximately 73% of coins in our index, so traders can expect a bit more volatility than usual. Looking ahead, if the upcoming week mirrors the volatility of three past three weeks, the price range for aelf in US dollars is expected to be between $0.1700481 and $0.2628219. Where to trade Aelf (symbol: ELF): Gate, Binance, DDEX, EthfinexVolume Update In the week prior, the daily volume for aelf has ranged between 10,778,070 and 23,329,607 currency units. Looking back over past 21 days, the trend in volume does not have a clear direction, while the price trend is clearly down. The past 7 days saw aelfs trading turnover meaning the percentage of its available supply that was traded come in at 3.69%. Its trading turnover percentage is higher than about 64.95% of the coins were tracking, so its above average and thus will have enough liquidity for many investors/traders. Engagement Update aelf saw the number of wallets holding its coin go from 50,846 to 50,929 over the past week a change of 0.16%. In terms of blockchain-recorded transactions made by these wallets since their inception, that number changed from 313,562 to 316,537, which translates to growth of 0.95% for the week. This translates to a combined engagement growth rate of 1.11% for aelf which is higher than 48.57% of the cryptocurrencies were reporting on. One interpretation of this may be that the coins weekly growth in engagement is fairly mediocre. Technology Development Status At the moment, aelf has 16 repositories open to the public on GitHub, with the oldest one now being 1.76 years young. Its most recent public update was within the past day, which is pretty good, as it suggests the coin is still under active and rapid technical development. aelfs repos that are visible to the public collectively have 625 watchers thats more than approximately 59 % of coins in its index. The coin has 169 total outstanding issues across all 16 of its public repositories on GitHub. Its number of watchers, when viewed against its open issues count, is a bit below average, and thus potentially concerning. We view the ratio of open issues on aelfs GitHub repos relative to the number of developers who follow its repos as a way to quantitatively assess the health of a coins software development processes, and for aelf we see that it fares better than only 22% of the coins we group aelf in. aelf News and Commentary Over the past week, we found one link about aelf that we thought was particularly interesting. If available, we added an excerpt from the article to help give a taste of what it is about. Amazon Web Services Lists its First Blockchain Platform with Cross-Chain CapaKey Extract: Every one of these cloud computing companies are pro blockchain by either supporting blockchain projects or developing their own blockchain solutions.There are four broad categories in which cloud computing services can fall under: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Serverless and Software as a Service (SaaS).Within the cloud computing infrastructure, there are typically three types of cloudsPublic clouds, Private clouds, and Hybrid clouds.Platform as a service refers to cloud computing services that supply an on-demand environment for developing, testing, delivering and managing software applications.aelf Enterprise 0.7.0 beta will provide high performance blockchain BaaS through massive cloud data storage, one-click-deployment blockchain toolkits and flexible DApp development modulesall functions attuned to test and implement blockchain with ease and precision by enterprises.Generally blockchain platforms only offer one of these architectures, but aelf offers all three, just like AWS offers all three type of cloud computing deployments.Where to BuyYou can trade Aelf, listed under the symbol ELF, through the following exchanges: Gate, Binance, DDEX, Ethfinex. Article by SixJupiter

Interoperability between different blockchains and cryptocurrency ecosystem is very difficult to achieve. By default, there is no reason to interact with competing projects. The Aelf blockchain sees things a bit differently, and its latest update may usher in a new era of communication. Communicating with and relying on third-party data from other chains and data sources is a big step forward.The Purpose of Chainlink OraclesTo achieve communication with other blockchains and data sources, Aelf will rely on a service known as Chainlink Oracles. This technology allows any connected blockchain to interact with data sources such as Google Cloud, SAP, and NASDAQ. On the cryptocurrency front, it allows a direct line of communication with Bitcoin and data. Every oracle in this ecosystem is capable of verifying data prior to submitting it to partner chains such as Aelf.As a result, the Aelf developers and enthusiasts will be able to develop a new plethora of applications and services in the future. Another benefit is how these data sources and blockchains can help strengthen the development of smart contracts in this ecosystem. A lot of potential use cases are waiting to be unlocked properly. Aelf is now also one of the very few chains which have this type of functionality, even though any project could in theory connect with these Chainlink oracles.Communication Isnt InteroperabilityOn the surface, this new implementation would seemingly provide Aelf with interoperability regarding data sources and other blockchains. In reality, however, that situation is very different. It is true these oracles will allow the different entities to communicate with one another to obtain and verify data and information. However, this level of communication is not sufficient to speak of interoperability at this time.That doesnt mean the Aelf team doesnt want to achieve a degree of interoperating with Btcoin, Ethereum, or other blockchains. Building such a framework will require a lot of time and effort. By experimenting with Chainlink oracles, an important first step is taken to potentially achieve that goal. Based on the feedback gathered from this venture, the team can further look into making their chain interoperable with other blockchains on the market today. It will take years, if not decades, until all blockchains in the industry can interoperate with one another.An Example for Other ChainsIt is evident that relying on third-party solutions such as oracles is not necessarily ideal. That said, the Chainlink network of oracles is fully decentralized, which means a lot of potential use cases have opened up. It is also an agnostic network indicating any project can interact with it as they see fit. One has to hope other projects will take note of this development and act on it accordingly.Image(s): Shutterstock.comThe post Decentralized Oracles Make Aelf a More Versatile Blockchain Project appeared first on The Merkle Hash.Source: themerkle.com

Interoperability between different blockchains and cryptocurrency ecosystem is very difficult to achieve. By default, there is no reason to interact with competing projects. The Aelf blockchain sees things a bit differently, and its latest update may usher in a new era of communication. Communicating with and relying on third-party data from other chains and data sources is a big step forward. The Purpose of Chainlink Oracles To achieve communication with other blockchains and data sources, Aelf will rely on a service known as Chainlink Oracles. This technology allows any connected blockchain to interact with data sources such as Google Cloud, SAP, and NASDAQ. On the cryptocurrency front, it allows a direct line of communication with Bitcoin and data. Every oracle in this ecosystem is capable of verifying data prior to submitting it to partner chains such as Aelf.As a result, the Aelf developers and enthusiasts will be able to develop a new plethora of applications and services in the future. Another benefit is how these data sources and blockchains can help strengthen the development of smart contracts in this ecosystem. A lot of potential use cases are waiting to be unlocked properly. Aelf is now also one of the very few chains which have this type of functionality, even though any project could in theory connect with these Chainlink oracles.Communication Isnt Interoperability On the surface, this new implementation would seemingly provide Aelf with interoperability regarding data sources and other blockchains. In reality, however, that situation is very different. It is true these oracles will allow the different entities to communicate with one another to obtain and verify data and information. However, this level of communication is not sufficient to speak of interoperability at this time.That doesnt mean the Aelf team doesnt want to achieve a degree of interoperating with Btcoin, Ethereum, or other blockchains. Building such a framework will require a lot of time and effort. By experimenting with Chainlink oracles, an important first step is taken to potentially achieve that goal. Based on the feedback gathered from this venture, the team can further look into making their chain interoperable with other blockchains on the market today. It will take years, if not decades, until all blockchains in the industry can interoperate with one another.An Example for Other Chains It is evident that relying on third-party solutions such as oracles is not necessarily ideal. That said, the Chainlink network of oracles is fully decentralized, which means a lot of potential use cases have opened up. It is also an agnostic network indicating any project can interact with it as they see fit. One has to hope other projects will take note of this development and act on it accordingly.About The Author JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Microsoft now supports a one-click deployment of aelf The First Interoperable Blockchain Available on Azure 2 min readOn July 31, aelfs was officially made available on the world-leading public cloud computing platform, Microsoft Azure. Developers can now build, manage, and extend blockchain applications through aelfs Enterprise 0.7.0 Beta version on Azure Marketplace. In addition, aelf provides supporting tutorials, smart contracts, and Dapp development examples such that users can quickly begin working on business logic and application development.On top of the turn-key blockchain infrastructure available now both on Azure and (AWS), aelf also provides a library of sample codes and app development guides according to the individual needs. Aelf specializes in helping partner enterprises to establish the basics of their blockchain networks, deploy transaction nodes on cloud services such as Azure, and ultimately create decentralized applications. They have been assisting companies to unlock new business models through blockchain and accelerates the innovation of multi-institutional business connectivity. aims to become the bedrock of global blockchain ecology and will do so by creating comprehensive blockchain packages for developers and enterprises to deploy blockchain based applications rapidly and securely. Aelf will continue to drive blockchain innovation and bring more unique business advantages to users on Microsoft Azure.Create and manage aelf enterprise blockchain network: aelf Telegram community: , , , , ,, , , , , , and , aelf aelf aelf aelf aelf aelf (for the latest update and articles) aelf (complete aelf project codes)For more information, visit

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