Could This Be The Complete Solution as a Stable Project?
Aelf’s blockchain project is arguably among the most consistent performing projects. Upon considering the craziness experienced during the blockchain rush of Bitcoin in late 2017 and the corresponding major downfall.
Its formula is one that guarantees usefulness and has seen the price remain reliable over the period listed in various exchanges. This is not to say that it has not gone through any challenges, Aelf has gone through its fair share of them, but due to the execution of the project and the team behind it, it has been able to overcome challenges that would have otherwise rendered it inefficient.
Blockchain Rush
In the past year, after the success of Bitcoin, investors, and blockchain enthusiasts were excited, looking for the next big thing in the blockchain sphere. Just like the dot com era, people were looking for projects that could bring those profits quickly. Numerous projects were being released at an almost unsustainable rate which gave investors a chance to sieve through the many innovative ideas and stick to those that seem likely to succeed in the coming years. Another factor that drove investors to blockchain projects is the uncertain economic times that the world is experiencing. It is becoming necessary, by the day, to have alternative streams of income and investment strategies to safeguard against unforeseen financial circumstances.
Many investors placed their faith in various blockchain companies in order for their chance to be successful. Blockchain was being hailed as the platform to take over the way networks, and systems are managed worldwide due to its security and transparency features. However, as experienced in many new industries, a large percentage of the projects failed. Some failed as a result of ideas that were either too ambitious or too basic; others failed merely due to poor management and execution. Some projects were fraudulent from the very beginning while others decided to close shop to prevent further losses.
Falling Prices
The acceptance and development of blockchain for various real-world scenarios are essential for growth in technology especially on the internet of things and 5G. However, the problem that is still being seen at this time is the emergence of similar or even identical projects. Social media and fintech arguably have the highest number of blockchain projects. As of May 2018, 92% of all blockchain projects had failed This included those that had proven to be scams. This has created fear amongst existing and potential investors in the blockchain field. IT is becoming less likely for new investors to participate in upcoming, new and unproven projects.
Globally, regulations are also increasing on ICOs and blockchain projects which have made it more difficult for such companies to realize profits or even attain goals they had been set according to their roadmaps. Countries like China are enforcing strict laws on ICOs and blockchain related companies as a result of the scams that had been experienced in the past. Sources such as The Edge Markets are even predicting more projects to fail in the coming months citing already failing projects and increasing regulations as part of the factors leading to a regression in blockchain related investments.
This and other factors have also affected strong digital currencies such as Ethereum and Bitcoin, which have not been at their best in recent months. Investors have also been hit by a long and intense bear market causing them to start seeking other alternatives within the blockchain field. The option most investors have been going for is stablecoins which have the attributes that cushion price volatility. It helps investors adjust accordingly to the ever-changing prices of digital currencies. Apart from stablecoins, investors are also tracing their roots to some of the original projects they had invested in and had become a success. Reinvesting in these projects may prove to be more profitable for them than investing in new projects.
Reliable Projects
There are some good projects out there that have stood against the test of time weathering various storms and overcoming obstacles along the way. Aelf is not alone in this category; however, it may prove to be among the most valuable projects both now and in future. These are some of the features investors look for in an established project,
➡️A Unique Project Among The Blockchain World
Aelf is determined to become the operating system of choice for anyone interested in blockchain technology and its associated applications. Currently, most projects are dealing with decentralized applications to run their real-world solutions through blockchain technology. These applications are however being designed for centralized platforms such as Android and iOS. It, therefore, beats the logic of decentralization and may be one of the reasons why investors are shying away from them.
Becoming a dedicated system for decentralized applications will keep Aelf relevant as long as decentralized applications are being made. Through this way, Aelf will, therefore, be able to live through any challenges that may come along the way. This is likely to attract investors as Aelf, and other unique projects have grounded and robust foundations and visions that will enable them to live longer than most blockchain projects. Furthermore, as a blockchain dedicated OS, it also covers even the mining aspect of blockchain thus making mining processes more streamlined for those using Aelf OS.
➡️Differentiating Features
Taking care of speed and efficiency is the multichain approach that Aelf has used on their platform. Their core operating system is composed of a main chain and sidechains that supplement or complement the activities of the main chain depending on the operations at hand. In addition, cluster nodes and parallel processing as first mentioned in aelf’s whitepaper have resulted in a number of projects that are following this lead. This trend only confirms aelf’s direction to lead blockchain innovation. As well as this there is also an index system which separates various chains within the OS.
➡️Progressing Platform
Most platforms that had goals set for their roadmap have not yet met even the simplest of the set goals yet Aelf has gone beyond winning awards through the process. Recently, Aelf won the ‘Most Valuable Decentralized Platform’ award showing that it is indeed making steps in the right direction. They won this award during “Blockchain Insights 2019”. Such are feats that investors would be proud to be associated with.
Aelf has crafted its platform to meet the demands of the mass market while still providing the elements of security and transparency that has made blockchain stand out from centralized platforms. They neither rushed their adoption or project release nor did they focus on their token price.
New They have been ranked 7th out of all blockchain projects on Github for their high level of activity and commits. Over the last 6 months, there have been a total of 1,800 commits which averages to just under 10 commits every day.
Last week, The Planet Daily Research Institute collaborated with multi-node super incubator The Blockchainer, and released a report which compared 16 blockchain 3.0 projects’ development progress updates and their roadmaps. Aelf’s progress was ranked in the top 4 as it had a 100% success rate for roadmap milestone timing.
In fact, the code is so popular, that it has resulted in 122 forks, indicating that many developers are using this code to create their own smaller projects.
Apart from such a prestigious award in the blockchain community, Aelf also formed strategic partnerships that will allow its healthy growth. Aelf recently partnered with the decentralized dual chain ecosystem HyperExchange. The fruits of this partnership will start being seen as from 9th Jan 2019, where the HX chain will support ELF pledge mining. Such moves encourage expansion of the platform and attract positive attention to the company which may translate to a better value of the ELF in the digital exchange markets thus attracting even more investors.
These three factors are also all checked boxes for aelf. Other platforms that meet these and other factors may also attract investors, especially those who want to stay in the blockchain field through established platforms. Aelf is an excellent example of what a reliable and progressing platform should represent.
To learn more ælf about please use this link.
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