Token Spotlight: ELF from aelf

This is the latest in a series of “Token Spotlights” that will feature new tokens listed in the Dether app. Discover what they are, and why they’re important.

You can now fund your Dether wallet with ELF from aelf, and exchange ETH for ELF with the Dether exchange feature.

About Aelf

Aelf is a multi-chain, parallel computing blockchain framework, comparable to a “Linux system” for blockchain technology. Aelf seeks to solve issues like governance for system updates, transaction speed, scalability, and interoperability.

Aelf runs on a main chain (which doesn’t hold any smart contracts) that branches with external side chains (like Ethereum and Bitocin) and internal side chains.

Aelf can interact with other blockchains, like Ethereum and Bitcoin, allowing developers to use the aelf kernel to create customizable side chains for specific business or commercial needs. Aelf’s reach extends into financial services, digital identity, and Internet of Things (IoT) applications.

Using the ELF token

All aelf side chains accept the aelf token as a storage of value and a means of value transfer. It can be transferred across any chain that accepts the aelf token and used to deploy smart contracts. It can also be used for systems operations and upgrades. ELF also enables community members to vote on major decisions.

Are you ready to store your ELF tokens in your Dether Wallet and exchange ETH for ELF, right from the Dether app? Get Dether for Android here, for iOS, or launch it as a PWA.