ELF and SNT will be available on ABCC soon! Stay tuned!
ælf is a decentralized cloud computing blockchain network featuring high performance, resource segregation and a better governance and development structure. In ælf network, nodes are categorized based on their types. The specialized mining nodes (full node) can run above the server cluster to enhance the performance of the entire blockchain network. With a “main chain + side chains”structure, resource segregation and “one chain one contract”can be effectively realized. Also, a delegate mechanism has also been set up for token holders to ensure efficient internet governance and sound development.
ELF is mainly used for payment on ælf and governance mechnisms. Paid resources on ælf include signing smart contracts, upgrading and executions (such as paying transaction fees, paying cross-chain data transfer fees); governance solutions include selecting mining nodes, approving new features of a system and deciding important updates of a product.
SNT is based on Ethereum application (Status). It is a built-in wallet for Status, an instant messenger and a DApp browser. It allows people using Ethereum decentralized agreement to exchange encrypted messages, smart contracts and cryptocurrencies.
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20th July 2018