Crosschain blockchain protocol (Polkadot of China)
Advantages
Strong technical project
Strong vision of cross chain blockchain ecosystem
Low cap
Strong investors (FBG)
What is it?
Crosschain blockchain protocol (Polkadot of China)
A linux ecosystem for blockchain.
Focused on improving existing blockchains
Features
Cross chain interaction: Aelf will interact with Bitcoin, Ethereum and other Blockchain systems. Cross-chain interaction with mainstream chains will be realised via messaging. Forming an endogenous multi-level cross-chain structure based on cross-chain interaction
Parallel performance
Protocol update
Private chain module
Interoperability with existing DAPPs on existing chains
Why is it Important?
Scalability: Current blockchains are not scalable, as the performance of one single node/mining machine determines the performance of the whole system
Resources: Current blockchains do not segregate resources for different Smart Contracts, leading to interference among Smart Contract executions
Consensus Mechanism: Current blockchains do not have pre-defined consensus protocol to adopt updates or new technology
Core technology
Main chain and multilayer side chains: To handle various commercial scenarios. One chain is designed for one use case, distributing different tasks on multiple chains and improving processing efficiency
Communication:Communicating with external blockchain systems via messaging
Parallel processing: Permitting parallel processing for non-competing transactions and cloud-base service
Genesis block: Defines basic component of minimum viable block and Genesis Smart Contract collection for each chain to reduce data complexity and achieve high customisation
Consensus: Permits stakeholders to approve amendments to the protocol, including redefining the consensus protocol. Permits side chains to join or exit from main chain dynamically based on consensus protocol. Introducing competition and incentive to improve each side chain
Valuation
Current circulating market cap: $20m
Potential circulating market cap: $1bn+
Summary
This is a high quality blockchain project
The circulating supply at presale is ~$20m
AELF has the potential to become a $1bn circulating supply blockchain in the next 6-12 months
