Dear ABCC users,
ABCC has now added a new cryptocurrency, ELF, for trading. This has increased our trading pairs to include ELF/ETH and ELF/BTC. More cryptocurrencies and trading pairs are coming soon.
ELF is mainly used for payment on ælf and governance mechanisms. 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.
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.
Thank you for your support!
1st Aug 2018