aelf (ELF) Token: A Big Shift in Decentralized Cloud Computing
01 September 2021 - 12:06PM
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It seems that the next paradigm shift is making its presence known,
and that is the tilt from centralized cloud computing to
decentralized blockchains. With the advent of the coronavirus
pandemic, cloud computing is presently enabling remote working
experiences for many as a distributed team can access and leverage
on a unified work platform. Decentralized cloud computing: what you
need to know on aelf (ELF) Presently, there is growing knowledge
that a more decentralized cloud computing methodology could be a
catalyst for enterprise business transformation. For instance, on
the aelf blockchain, which represents a decentralized cloud
computing platform, organizations can utilize aelf in multiple
business scenarios as it offers blockchain empowered economic
models to stimulate their members. aelf’s developing decentralized
media platform stores information away in a blockchain buttressed
anonymous system to protect media workers from certain pressures,
thus reducing privacy concerns. The platform also remains compliant
with security certifications that reassure property protection. On
August 20th, China Electronics Technology Standardization Institute
(CESI) provided accreditation on aelf Enterprise in its
reliability, performance, and functionality. What is aelf (ELF)?
Earlier stated, aelf is a decentralized cloud computing blockchain
platform. It represents a real Layer 2 solution different from any
other projects currently as it allows NFT to circulate between the
Ethereum and the aelf ecosystem. ELF refers to the main token on
the aelf platform, used for transaction fees, side-chain index
fees, production nodes deposits, voting, and block rewards. To
expedite aelf’s integration with multiple business use cases, aelf
enterprise is tasked to meet the requirements of different
industries ranging from supply chain management, credit scoring,
user incentives, and property protection. The aelf Enterprise lays
the foundation for aelf mainnet token swap slated for September
2021. Growth prospects for aelf (ELF) aelf represents a big shift
in decentralized computing based on three factors: Affordability,
Scalability, Interoperability. First, aelf’s service fee is fixed
at $0.1 regardless so that users could enjoy its high performance
at a low price. Second, aelf innovated on its multi-sidechain
systematic structure as well as its cross-chain collaboration
mechanism, enabling unlimited scalability to solve today’s most
pressing issues and to promote the future digital economy.
Courtesy: Coinmetrics Third, aelf versatile oracle could help
retrieve data or digital assets and transfer them between projects,
thus offering the highest degree of freedom to its users
(cross-chain function). Based on the cross-chain technology of the
main chain index and verification mechanisms, aelf achieves
efficient and secure communication between the main chain and all
side chains, and as a result, allows direct interoperability
between side chains. Through offering opportunities related to
NFTs, one of the hottest sectors in the crypto space, aelf is
well-positioned to continue to attract new users and maintain a
high level of on-chain activity. Right now, ELF is changing hands
at around $0.45. Having rebounded off strongly from MA 200 barrier
at $0.30 in August, aelf is looking to push upwards further.
Bullish bets on the ELF price range are within $0.76 and $1 by the
end of 2021. About the Author: Tomiwabold Olajide is a forex
trader and cryptocurrency analyst. A technical analyst, as well as
an experienced fund manager, he has also co-authored several books
on Forex trading. Tomiwabold pays great attention to cryptocurrency
research, conducting a comprehensive price analysis and exchanging
predictions of estimated market trends. He studied at the
University of Lagos. Image
by Free-Photos from Pixabay
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