ÆLF Review
ÆLF REVIEW W r i tten b y: S tefa n Sathi anathe n W ebsi te : www.a elf.io
Increasing speed of transactions without the loss of security. ÆLF could solve blockchain scalability issues while increasing transaction speed without jeopardising security. Current leading cryptocurrencies, such as Bitcoin and Ethereum, face scalability issues that they will have to overcome if they wish to continue to grow in use. Recently, network congestions have led to high fees making Bitcoin transactions very costly. As more users enter the network, the high fees associated with this congestion will become the norm making crypto-transactions very inefficient. By utilising side chains, ÆLF will help keep transaction costs low, while allowing transactions to occur swiftly. ÆLF’s technology will help crypto technology scale into the future.
Financial Services
Internet of Things
Insurance
Digital Identity & IPs
Smart City
fintech review
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ÆLF is envisioned to be seen as a highly efficient and customizable OS which will hopefully become the “Linux system” in the blockchain community. Just like the Linux Kernel, which resolves the most fundamental, critical and time-consuming parts, allowing other developers to make customized systems based on application scenario and customer needs. The ÆLF kernel includes all the fundamental functions blockchain system, namely the minimum viable block requirements. ÆLF will interact with Bitcoin, Ethereum, and other blockchain systems; cross-chain interaction with mainstream chains will be realized via messaging. It will also form an endogenous multilevel cross-chain structure based on cross-chain interaction, in order to share the digital assets, users and information.
