Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: KursatAelf on April 01, 2020, 10:57:59 AM
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ælf is a decentralized self-evolving cloud computing blockchain network that aims to provide a high performance platform for commercial adoption of blockchain. In order to establish a blockchain infrastructure for various commercial requirements, ælf provides a highly efficient multi-chain parallel-processing system with cross-chain communication and self-evolving governance. It brings 4 key innovations:
1. Scalable nodes on cluster of computers
2. Parallel processing for maximum utilization of processing power
3. Resource isolation for smart contracts via independent and specialized side chains
4. Interoperability to run on and flexibility to choose from different consensus protocols (DPoS — native, PoW, PoS) and private / public chain
ELF tokens are used to pay resource fees in the system, such as deployment of smart contracts, operating and upgrading of systems (transaction fees, cross- chain data transfer fees). It also enables the community to vote on major on-chain decisions, such as electing mining nodes, introducing new features to the system and other major decisions, which collectively enable self-evolution capability of the network.
aelf foundation is the governance entity for aelf based in Singapore. As a non-profit entity, its primary goal is to promote the development of aelf technology and its various applications while facilitating corporation and startups to establish on top of or transform their infrastructure into blockchain. aelf foundation will implement comprehensive management and governance model, fully compliant with regulations and laws in Singapore.
aelf concepts and technological features
1. Processing power & Scalability
i. Each node is a computer cluster network (e.g., a cloud network) instead of a singular computer. By leveraging cloud networks as nodes, aelf aims to further empower the network participants with higher computational power as well as the storage capability.
ii. Parallel processing algorithm is developed and integrated to each node to ensure the optimal utilization of all the participating computers in the cloud network. When a node handles a complex set of transactions within a smart contract, it will dissect the transactions into groups of those that do not demonstrate interdependency and process them in parallel simultaneously. Consequently, the takt time is minimized and the overall processing speed maximized.
iii. A node’s capacity can be easily scaled by adding new computers to the existing network without having to upgrade the node computer’s hardware.
2. Independence & Specialization
i. Multichain network: each side chain is independent from one another and smart contracts resides are executed directly from a side chain, not through the main chain. This enables each side chain to be impervious to the high traffics on another chain, thereby localizing the traffic concentration and guaranteeing consistent transaction speed for smart contracts executed in other side chains. Each side chain would also have the ability to host its own set of nodes to guarantee low traffic and determine its own processing speed.
ii. Each side chain is specialized for a specific business scenario, e.g., token issuance (ICO), insurance database, in-game transactions, etc, and their consensus protocol, node delegation, chain privacy and various other chain qualities can be tailored to best support the specific business scenario.
iii. The main chain acts as the ledger and the communication hub, unlocking highly efficient cross chain communication, triggering of smart contracts across side chains and effective synchronization between chains with different speeds.
3. Governance & Flexibility
i. aelf aims to bestow its network participants an entirely self-evolving authority and capability through its voting protocol. aelf coin holders will have the ability vote on a diverse sets of critical decisions that will collectively shape the eco-system; this includes the decision for each side chain to host their own delegated node, choose whether the participating side chain will be public or private, determine the size and the speed of the side chain, remove or add side chains to the network, etc.
ii. aelf utilizes Merkle tree root based chain indexing to communicate and interoperate with other consensus protocol based blockchains such as PoW and PoS.
iii. aelf provides side chain templates to its developers for rapid smart contract development for those who do not have the in-depth understanding and capacity for ground-up smart contract coding
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aelf Whitepaper: https://aelf.io/gridcn/aelf_whitepaper_EN.pdf?v=1.6
aelf Economic and Governance Whitepaper: https://aelf.io/gridcn/aelf_economic_system_whitepaper_en_v1.0.pdf?time=1
aelf Public Testnet and Supporting Features Introduction: https://aelf.io/gridcn/aelf_public_testnet_and_supporting_features_introduction_en_v1.0.pdf?t=20200327
Developer Documentation: https://docs.aelf.io/
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Aelf Official WebSite: https://aelf.io/
GitHub: https://github.com/AElfProject/AElf
Twitter: https://twitter.com/aelfblockchain/
Youtube: https://www.youtube.com/c/aelfblockchain (https://www.youtube.com/c/aelfblockchain)
LinkedIn: https://www.linkedin.com/company/aelfblockchain (https://www.linkedin.com/company/aelfblockchain)
Facebook: https://facebook.com/aelfofficial/
Medium: https://medium.com/@aelfblockchain/
VKontakte: https://vk.com/aelfofficial
Reddit: https://reddit.com/r/aelfofficial/
Reddit (Chatroom): https://s.reddit.com/channel/2009921_6bb8ccf6a8f8e6dfac73865f552072d2c1cf8f0d
Slack: https://slack.aelf.io/
Discord: https://discord.gg/xaGU8hZ
Telegram : https://t.me/aelfblockchain/
Telegram 2nd: https://t.me/aelfcommunity/
Telegram (News): https://t.me/aelfnews
Telegram (中文): https://t.me/aelf_chs/
Telegram (한국): https://t.me/aelfkorean/
Telegram (日本語): https://t.me/aelfjapan/
Telegram (русский): https://t.me/aelf_russian/
Telegram (العربية): https://t.me/aelf_arabic/
Telegram (Deutsch): https://t.me/aelfgerman
Telegram (Italiano): https://t.me/aelfitalian
Telegram (Español): https://t.me/aelf_spanish
Telegram (Türkçe): https://t.me/aelf_turkish
Telegram (French): https://t.me/aelf_french
Telegram (Tiếng việt): https://t.me/aelf_vietnam
Telegram (India): https://t.me/aelfindia
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aelf CEO & COO host Official AMA
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On March 27th, 2020, following the mainnet launch roadmap, aelf Enterprise 1.0.0 preview 1 was launched with the aelf Public Testnet and Supporting Features Introduction. The current public Testnet features all the functions required for the mainnet launch. The testnet Android/IOS Beta & Web Wallets, aelf Block Explorer and other supporting features have also been released simultaneously.
Consequently, aelf has initiated Stage 1 of the roadmap: Mainnet Preparation.
aelf will hold an online AMA, with aelf’s Founder & CEO Ma Haobo and Co-Founder & COO Chen Zhuling attending. This will provide our community with a deeper understanding of aelf and the technology behind the project, including the Mainnet Launch. This AMA will provide a sound foundation for any users and developers to better participate in the aelf mainnet launch and ecosystem governance.
AMA Time:
Telegram AMA time: Thursday, April 2nd, 2020 18:00–19:00 (SG Time)
Reddit AMA time: Wednesday, April 8th, 2020 18:00–19:00 (SG Time)
AMA Online Channel：
Telegram AMA：https://telegram.me/aelfblockchain
Reddit AMA： https://www.reddit.com/r/aelfofficial/
In order to maximise the chances your question will be answered in the AMA on April 2nd, questions can be submitted early! You can submit your questions through an online form or ask them directly in the Q&A section of the AMA. Up to 288 ELF will be awarded to users whose questions have been successfully answer.
Prize Solicitation Time: March 30th — April 1st
Question Submission Form：https://forms.gle/SiA2ShHErkbkHWcK9
aelf aims to help the community fully understand aelf’s R & D advances and application opportunities through this AMA. Through sharing updates around the aelf technology with the community, we hope to provide the foundation for the community to participate more actively in the mainnet launch and ecosystem governance.
Source: https://medium.com/aelfblockchain/aelf-ceo-coo-host-official-ama-aeedd2a3b4af
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aelf Enterprise V1.0.0 Preview 1 officially released
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On Friday, 27th of March, aelf Enterprise v1.0.0 Preview 1 was launched. It is a comprehensive commercial blockchain solution, including a fully developed blockchain ecosystem, development suite, and supporting documents for basic applications and services.
Post aelf Enterprise v0.9.2, focus revolved around the overall project code review. aelf Enterprise v1.0.0 Preview 1 has resolved any issues found in the final review process.
The Public Testnet Code has been upgraded to aelf V1.0.0 preview 1 and all functions required for the Mainnet launch are now complete. Supporting features, such as the Test Android, IOS and web wallets, in addition to the Testnet blockchain Explorer will be released synchronously.
aelf Enterprise 1.0.0 Preview 1 Version System Integration
1. aelf Enterprise
• aelf v1.0.0 preview 1
• DevKit v1.0.0 preview 1
2. aelf External Applications
• aelf Blockchain scanner v0.4.0
• aelf Scanner Mysql plugin v1.0.0 preview 1
• aelf Explorer v1.0.0 preview 1
• aelf Wallet v1.0.0 preview 1
• aelf JS SDK 3.2.29
• aelf-bridge 0.0.8
• aelf CLI in Nodejs v0.1.37
3. aelf Browser Extension v1.0.16
In conjunction with this launch, the aelf Public Testnet and Supporting Features Introduction (https://aelf.io/gridcn/aelf_public_testnet_and_supporting_features_introduction_en_v1.0.pdf?t=20200327) has also been released. This introduction is an authoritative guide on the technology and supporting features of the Testnet. It describes the core technical elements and product advantages of the aelf design, detailing basic functions and the use process of features such as the blockchain browser and wallet. The introduction also details the Guideline of blockchain Explorer, wallet, and other supporting facilities.
aelf will gradually start the mainnet preparation in accordance with the latest published Mainnet launch Roadmap. In order to ensure that all performance indicators and governance mechanisms will run stably in a live and complex environment, a Testnet node election based on the aelf Enterprise V1.0.0 Preview 1 will simultaneously be facilitated. Details of the event will be posted in the near future.
The aelf foundation will verify users who successfully compete for the Testnet production node status. These will be publicly identified as verified nodes through the aelf website and other social media channels. After the mainnet launch, any individual or organization will be able to participate in the node election. The individuals or organizations that have been verified and recommended by the aelf foundation during the public testnet node election period as a reference for the node election. Details for these events will be released in the near future.
The next steps will be to ensure aelf Enterprise V1.0.0 Preview 1 runs in a stable manner. aelf will comprehensively evaluate network performance, stability, governance mechanism efficiency, disaster-resistant redundancies, and pre-planning mechanisms. Code revision and logical optimizations will be regularly performed to minimize potential crisis situations and refine risk pre-planning. Performance and efficiency of the network will be adjusted to the best state, to make sure the aelf mainnet is completely ready to launch.
aelf Enterprise V1.0.0 Preview 1 is a core display of aelf’s latest technical updates and the R & D achievements of mainnet. The project has achieved the expected goals in performance, scalability, and governance. It can also provide stable, efficient, and secure underlying technical support for developers among other users.
The development of a new economy cannot be separated from the technology driving it, and the purpose of this technology development is to ultimately create value. aelf will continue to optimize the underlying performance and user’s experience, to create a sustainable blockchain infrastructure that provides integrated blockchain business solutions for different business applications and support the transformation of traditional business governance systems.
Detailed Updates
1. Updates and Introduction
1.1 aelf v1.0.0 preview 1
https://github.com/AElfProject/AElf (https://github.com/AElfProject/AElf)
• Enhanced verification logic with contract approach
• Optimized the random number generation logic, improving ease of use
• Optimized the on chain cache logic for better maintenance
• Upgraded dependency packages such as Grpc
• Optimizing the main / side-chain dividend pool logic
• Optimized the service fee calculation logic, making it easier to expand
• Optimized the service fee charging logic, improving usability
• Optimized code dependency/code style for better maintenance.
• Optimized CI/CD
1.2 DevKit v1.0.0 preview 1
aelf-boilerplate: https://github.com/AElfProject/aelf-boilerplate (https://github.com/AElfProject/aelf-boilerplate)
Developer documents: https://docs.aelf.io/ (https://docs.aelf.io/)
• Optimized Tutorials structure according to the increasing depth principle, enhancing developers’ starting experiences.
• Added side-chain creation content.
2. aelf External Applications Update
2.1 aelf blockchain scanner v0.4.0
• Adjusted scan logic
2.2 aelf Scanner Mysql plugin v1.0.0 preview 1
2.3 aelf explorer v1.0.0 preview 1
• New Proposal Module
• Main chain: https://explorer-test.aelf.io (https://explorer-test.aelf.io)
• Side chain 1: https://explorer-test-side01.aelf.io/ (https://explorer-test-side01.aelf.io/)
2.4 aelf wallet v1.0.0 preview 1
aelf IOS/Android Wallet Beta Download Link:
• iOS Enterprise: http://d.6short.com/iOSAElf (http://d.6short.com/iOSAElf)
• Android: http://d.6short.com/AelfAndroid (http://d.6short.com/AelfAndroid)
2.5 aelf JS SDK 3.2.29
• Add the filtering function of Block Bloom in SDK and subscribe to event
2.6 aelf-bridge 0.0.8
2.7 aelf CLI in Nodejs v0.1.37
3. aelf Browser Extension v1.0.16
• Chrome Download Link: https://chrome.google.com/webstore/search/AELF (https://chrome.google.com/webstore/search/AELF)
• Code Base: https://github.com/AElfProject/aelf-web-extension (https://github.com/AElfProject/aelf-web-extension)
• Document: https://docs.browser-extension.aelf.io/ (https://docs.browser-extension.aelf.io/)
Update: Simplified the document and adjusted the parameters.
To access the Introduction of aelf Public Testnet and Supporting Facilities please visit the aelf official website (http://aelf.io/), and click on the related page.
Source: https://medium.com/aelfblockchain/aelf-enterprise-v1-0-0-preview-1-officially-released-3d2290323fd3
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We will hold an amazing AMA at 18:00 (BeiJing Time) in the telegram group https://t.me/aelfblockchain. Today, we invite you to join us! Exciting team insight and rewards to look forward to! 💐👏💥
Guests: Ma Haobo and Chen Zhuling
Time: Thursday, 2nd April, 18:00pm (BeiJing Time)
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Official AMA Recap — Featuring aelf CEO & COO
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Last night ( April 2nd, 2020), aelf hosted an AMA on our telegram channel, featuring both founder, aelf’s CEO, Ma Haobo, and aelf’s COO, Zhuling Chen. Below is a transcript of the questions and answers.
Introduction
Zhuling Chen — It’s always great to hang out in this group. This group means a lot to the aelf community. It is the first aelf community and has been there through all the ups and downs in the world. I would like to start with wishing everyone is staying safe at home during the virus outbreak. It definitely has been a difficult time for all of us, but together we can pull through it.
We understand that the situation is quite striking to all of us. But I really believe that the solution to the virus outbreak is really about more global coordination and collaboration.
All of you to be assured, our team in different places are all safe and working from home as normal.
The aelf team in Beijing were among the early ones experiencing the virus outbreak. As everyone was on the way home for Lunar New Year holiday and then experienced a total city lock-down followed by a 40 days work from home policy. It was definitely not easy for then but our team stayed strong, took necessary pre-cautions and focused on work with right morale. Mappo has recently published some tips of how to work from home effectively based on our experience. Do check it out. Despite not working in the office since February, we have achieved great progress, including launching aelf 1.0 preview, which is an important milestone in technical delivery and also the road map to mainnet launch (which listed out the essential steps for the community to work together to launch a successful public network)
Let’s first talk about aelf v1.0 preview. It is the cornerstone of the mainnet launch. The product itself has all the features that the public network is needed. The code base has been reviewed and tested rigorously by the team. And a few highlights of how the network would look like:
1. The code allows a stable and high throughput blockchain network to operate publicly.
2. For developers, they will love how flexible the system is to be customized, the amount of tools and documentations to help them start developing applications on the network
3. For the whole community, the system is an ever-evolving one where voting system is ready in place to conduct network wide voting on various topics, such as transaction fee adjustment, network protocol upgrade, incentive adjustment, etc
4. aelf system is able to run multi-chain architecture where each side chain will host different applications and still ready to work with each other
I see in other language groups, folks are translating the conversation and sharing with all groups. This is great
So you may ask, since the software is ready, why have we not yet launched the public network? The answer in short is that a public blockchain is launched not by a team but through a community effort and that’s why we are coordinating the community effort based on the road map we proposed. aelf team has launched the public testnet based on aelf v1.0 preview and currently all nodes are under the team. The goal is to let the community and elected nodes to take it over and launch it at global scale. Not only launch it but also be familiarise with the network and also set the launch parameters in a decentralised way. If we take a car as an example, we have made the car, but ultimately the drivers are you guys and therefore before it really hits on the road, we need to guide the community to do a test drive, adjust the car based on what really works for YOU, and ultimately let YOU drive the car freely and safely
So how are we going to help the community launch the network.
First of all, we have launched the codes, documents about economic system and governance model and technical features. With all the things available, you are able to understand what is the system about, as a token holder what’s your benefit in the system, and being a node in the system plays a big role in the governance
Next, without yet electing the nodes, we will get all token holders to join the current aelf network through a mapping event. That means as long as you have elf tokens, you will be able to get 1:1 test tokens on the public testnet. that gives you full access to all the features, and you will feel like you are already using the mainnet. You will get rewarded in making transactions, voting, etc.
Do try out the elf wallet and voting features, you will see how easy to transfer tokens cross chain. and also how flexible the system allows people to make changes. For example, the community may want to adjust the block rewarding parameters or fees to use certain services on mainnet, they can initiate a discussion and then vote in the system and once voted through, it will be reflected on mainnet.
For people/ organization that want to play a bigger role in the system, we will do a dry run of node election. Take it as the real node election before mainnet launch. We will see who are the active members in the community and being trusted by the community. Among the nodes, we will form a network launch committee. The committee will be the crucial party to oversees and ensures the smooth launch of elf mainnet, instead of just relying on elf team. This is our step towards decentralisation.
The committee will agree on the actual launch process, final checking all the parameters in the system to be ready for launch and then decide when the criteria are met to launch the network. Once all that is decided. We will invite all interested nodes to apply for the election and let the community know what’s their plan to grow elf network. the network will initially be launched with a few nodes from the committee and gradually be replaced by the elected nodes (a bootstrap phase). Along the way, we will work with exchanges to conduct token swap (which we are also designing an innovative system to further enhance security and usability of elf tokens in exchanges)
I have done a really long monologue as I am excited about what has been done at aelf. As you can see, the coming weeks are gonna be busy for aelf community — A LOT OF EVENTS to try out and participate to shape the future of aelf.
Among this isolated and worrisome time, at least we all have something to look forward to: a successful launch of aelf network! Once it is launched, we are excited to see a vibrant and technically superior network that is good for DApps to run on top of it.
Pre-Submitted Q&A
Doris Guo — Q1: As a Blockchain startup, what difficulties have you overcome when starting AELF project? What motivates you to solve difficulties and achieve success today???
Zhuling Chen — First, just like launching any startup, its community and investors are usually regional. There is always some bias on if asian projects are solid. It is really rare to have a Asian project to be supported by western funds and community from day 1. We were lucky to have overcome that obstacle. Having a global investor lineup from day 1. Having a global team from day 1 and also working with a global community from day 1. This benefited us to have an international perspective which is crucial in blockchain industry.
Secondly, as a hardcore technology company, it is really hard to put in plain words what is our ambition. Our ambition is huge, achieving key innovations in multiple fronts of blockchain technology and organically combined them to serve real uesrs for the future. Our marketing team has been working really hard to elaborate what aelf is. Now we have come to a point that the product is ready. Therefore it is much easier for all of us to understand how solid aelf is by trying out the network ourselves! That’s exactly what the following events will be about — Try out all the exciting features of aelf network before mainnet launch.
Doris Guo — Q2: What critical problems do you see occurring in the blockchain industry nowadays? How does AELF solve these problems???
Haobo — First, we need to distinguish the difference between BTC and ETH. One is Digital Cash and the other is the Smart Contract Platform. AELF addresses most of the latter’s problems. In short, it can be summarized as performance, end-user friendly, developer friendly, network economy, and self-governance and upgrading. Each of these areas will probably take up a lot of space, and as a whole are the issues described in our two white papers.
In short, AELF is faster, end users do not need to know the rules of blockchain, developers can set up the development environment in 10 minutes, have a good economic model and can carry out proposal governance on the chain.
Doris Guo — Q3: What is your long-term vision about the industry which AELF is working at? Are you afraid some day there will be another project with more innovative technology can replace AELF ???
Haobo — Let’s talk about where AELF stand in the traditional Internet. It is essentially a cloud service provider, AELF provides resources and infrastructure for developers to deploy their services, known as smart contracts.
We eventually want AELF to grow like AAA (Amazon, Azure, AliCloud). Because AELF is a network that can be dynamically scaled, we can accept any new technology, some of the more advanced technologies we can put on a side chain.
Doris Guo — Q4: Why did Aelf choose for cross-chain interaction?
Haobo — As I mentioned earlier, AELF solves the Smart Contract Platform problem. However there are other digital cash problems as well which we would need to use existing infrastructure such as Bitcoin’s chain in order to interact with Bitcoin. There are a lot of infrastructures on Ethereum that we want to interact with.
Multi-chain on AELF network, mainly is to isolate resources to improve network performance and network stability.
Doris Guo — Q5: What difficulties does AELF team have now (I talk about COVID-19)? How does AELF team solve it? Have you changes of roadmap???
Haobo — There is no great impact. The teams in Singapore and Beijing are communicating with each other remotely on a regular basis.
The only change is that most of us are now working from home which has no impact and in fact, it seems conducive to the acceptance of more community developers in the future to come. From the internal working schedule and development timeline, there is no great impact.
We do no publish specific timeline as we do not want short term holders (traders) to create too much negative pressure on product development.
Doris Guo — Q6: AELF is an open source blockchain, and there’s the common problem of taking asubstantial amount of time for the different participants to agree on strategic decisions. What types of governance models do you use in AELF to address this issue???
Haobo — The issue is about public blockchain network, and who can decide the direction of the network. Our answer is long-term holders.
For the short-term holders (traders), we refuse to allow them to participate in any discussion of the direction of AELF, because the short-term holders are likely to make a profit and sell quickly, which is essentially the same example of a person who cheats the President and then runs away for his personal gain.
We defined a number of proposal processes, including the logic of the two-party system in the United States, and the participation in the referendum to ensure that the final proposal represents the majority. At the same time, we are looking for some legal solutions to avoid bifurcation, such as prohibiting exchanges from intervening in bifurcated new tokens.
While we can’t limit a community, we should be able to find ways to limit a centralized organization. This restriction is akin to a ban on national secession.
Doris Guo — Q7: How will AELF empower Investors, Companies, Developers, Platform Users to deliver impactful solutions and bring value to people all over the world ?
Haobo — We will learn from the operational experience of successful foundations such as the LINUX foundation and license some commercial companies to use aelf solutions to solve business problems.
At the same time, AELF is an open-source product under MIT License, and we accept any use that does not violate this open-source principle.
Zhuling Chen — let me add on to haobo’s statement. To incentivize and empower the community, we are also exploring ways to let the community to decide how to use the funds for aelf (allocate to where it matters to our community) once mainnet is launched
This means, you guys can decide what are the projects to be funded on aelf, etc.
Doris Guo — Q8：When will the node campaign start? How will aelf attract users to participate in nodes election??
Haobo — According to our published roadmap, the timeline can be dynamic but I don’t think it will be too long. The main idea is to let everyone understand what we envision AELF to be like, and what are the rights and benefits of being a node in the future.
We hope to find nodes that fully recognize the efforts of AELF at the present stage and are willing to participate in the future development of AELF. We will run a simulation of the node campaign on the testnet and set up a temporary mainnet launch committee.
Please follow our official Twitter for more upcoming details!
Doris Guo — Q9: Token swap form 2 is somekind of cross-chain transfer? It will be handled by a smartcontract?
Haobo — It is handled by the smart contract, we define an asset cross-chain transfer protocol, but it may be opened after a snapshot.
Doris Guo — Q 10: Which Exchanges will support token swap? Do you have any plan to list AELF in some big exchange like Binance, Houbi, Kucoin,……. ?
Haobo — We are already in talks with some exchanges, there is still competition between exchanges, and many are still hoping to attract more users by getting access to mainnet token swap early.
Doris Guo — Q 11: Aside conversion of the current tokens to mainnet tokens, what other main features will be accomplished with the mainnet launch??
Haobo — We have a documentation file that has been published, which has listed some features.
Zhuling Chen — https://aelf.io/gridcn/aelf_public_testnet_and_supporting_features_introduction_en_v1.0.pdf
Doris Guo — Q12: Do you have any plan to burn or buyback your coin?
Haobo — We have plans for the community to govern through DAO, we have no interest in short-term price incentive adjustment as we would prefer to drive the project to higher adoption. After mainnet starts operation, there will be a part of network revenue get destroyed automatically.
Doris Guo — Q13: Often, as a newbie developer, I face difficulties on most blockchains. How easy and convenient is it for me on AELF, and what programming language and tools are needed??
Haobo — We set up staging for DAPP developers on GitHub and configured CI. Develop a smart contract using C# with React Native on the front end.
So in fact, developers can fork the source code without setting up the environment locally, and you can conduct unit testing with the help of CI. You can also release the smart contract and generate the installation package of iOS and android online.
https://github.com/AElfProject/aelf-boilerplate
Doris Guo — Q14: What is the progress of business development and what are some of your commercial partnerships?
How will aelf rapidly develop the number & performance of DAPP?
Haobo — First of all, the blockchain industry is still fairly small and users with ETH and EOS wallets are considered a very small group and its not effective to even promote within these groups. What we need to consider is how to enable users who have never been exposed to blockchain to use DAPP.
The competitiveness of AELF is to make it easier for AELF developers to promote their DAPP to ordinary users, rather than to teach ordinary users a lot on blockchain knowledge. The average user doesn’t like to hear about private keys, mnemonic, Gas Price, RAM, CPU, etc
Only until we solve such problems, companies that need to solve problems through blockchain will be more inclined to use AELF in technology selection.
Therefore, our main work is to explain the competitive advantages of AELF, ETH and EOS to everyone.
We have some business cooperations, but we also believe that simply through case-by-case business cooperation will not be able to gain adoption so quickly, therefore we still need to put our products to stay ahead of the next generation.
Doris Guo — Q15：What other activities can encourage more people to be confident about aelf?
Haobo — We are only going to state the truth by having those that have faith in us to stay and those that don’t to leave.
The development of aelf is not driven by a single foundation, but by a steady stream of contributions from the community.
In the future, we will also place the activities in the DAO for on-chain governance, and let the community make decisions by itself.
Zhuling Chen — we will try to be as transparent as we could
LIVE AMA
Kun Aguero — As you know that in the present market situation many new coins or either dying or thriving for liquidity? How will you manage this liquidity problem?
Zhuling Chen — Aelf started in 2017. we have gone through a few cycles in the market, still remember the big down period in 2018–2019. aelf is financially solid and the team has always been working hard. if you are refering to liqudity in exchanges, we are among the lucky ones that are listed in all major exchanges
Xinshu Dong — Hello, great discussions! I’d like to ask what are the criteria to join the committee for launching the mainnet? Would love to participate
Zhuling Chen — Hi xinshu, great to see you here. The committee will be chosen among the nodes elected during the testnet dryrun. Which means, it is really important to participate in the testnet dryrun and also start to estalish your reputation in the community so that people will elect you as a node. The detailed criteria will include what is your plan to help aelf to grow, tech competency and reputation
An Da — What are AELF ‘s achievements in 2019? Who had supported you to get those things?
Zhuling Chen — to name a few, in 2019, aelf is one of the most active projects on github. This means aelf is evolving and improving fast in this space and our team has the tech strength. in addition, we have also sucessfully listed on all major cloud service providers, such as AWS, Azure, google. so large companies can easily launch aelf side chains in their organizaiton with minimum hassle
John… — Hi sir @czhuling and @orzedwin my question is how the voting for master nodes candidates occurs? And why is the development of this system important for your project?
Zhuling Chen — simple. all token holders can vote for the nodes they support on our block explorer.
Miha — Thanks for great AMA :) After mainnet lunch, how will you assure that transactional fees will stay low? We know what sometimes happens to fees on ETH blockchain. Thanks for your answer!
Zhuling Chen — great question, first of all, due to the fact that is aefl is scalbilty, this will reduce transaction fee. Secondly, all transaction fees will be voted by the nodes (which will be elected by you). so they will represent your interest
bobbyfernandito — Currently as we see All projects are concerned with the speed and security .
So tell us here — what are the facilities Aelf provide to their user and investors ?
Haobo — Security: we have an automated smart contract code audit. During contract deployment, production nodes and the community audit participation are required. On the other hand, we are also planning to provide a standardized model of centralized exchange access for 100% asset certification and emergency measures to deal with exchange attacks, which we will be released later.
Speed: aelf has been working on improving performance, which is transparent to users which they can also experience by themselves.
An Da — What effect does AELF token have on the AELF ecosystem? Holding AELF , what benefits will users receive ?
Zhuling Chen — Holding ELF enables you to use all the services on aelf network. ELF has a deflating system where the total amount will reduce as network grows. token holders can also vote for the nodes to run the network and also vote for big dedisions in the network. part of the fees in the system will also be distributed to token holders via a smart contract
ahihi132 — Which companies do you view them as potential partners and that they are somewhat also beneficial for both user base and AELF itself?
Zhuling Chen — great question, if i could write a wish list, that will be: let medium sized financial institutions to use aelf to challenge the big boys. Let telecommunication companies to use aelf for micro-payment and other innovative business models. we also would like to try out a few public sector projects, which blockchain will instill more transparency and trust
Misun — Q1 : Which programming languages are you using in your project? And why?
Q2-What are another big MILESTONES you have planned for 2020 roadmap and how are they supposed to benefit your costumers? Will it be an exciting year?
Haobo — For Q1: We mainly use C# for development, I personally like it. Performance is good, development environment IDEs are strong, and C# creators are influential in the industry. We believe in the right thing, though it may take a while to develop.
The smart contract will then add support for multiple languages, such as WebAssembly, depending on the needs of the community. Now it seems that C# is enough.
Hambi crypto — Which platforms are your competitors? How will you soar above them, and what better things do you offer than them? So , What’s your outlook on the future of cryptocurrencies in this
year and next few years ?
Haobo — As I have already mentioned this before, Eth and Eos. We provide better performance, cross-chain support (already implemented), end-users do not need to know the details of the blockchain, developers payment models and so on.
Floris-Jan — Got a question myself:
What plans is aelf making to prevent centralized exchange to take over the DPoS algorithm like what happened to Steem?
Are we talking about blacklisting exchange wallets, or having the foundation say “No”, or putting all trust in the community?
Zhuling Chen — Great question, Floris. i’m not going to give away all the details of what haobo has proposed to work on this, but in a nutshell, in aelf system, exchange wallets will not be allowed to vote, but only the sub-wallets for each individual can vote. This will also help exchanges to prevent hacking and theft in the future
Alex — What your plans in place for global expansion, are AELF wallet focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?
Haobo — Our core focus will be through the developers to promote, developers will help aelf to attract more users. So our product has to be attractive to developers. Just like AWS, they only focus on getting their service right, their developers will think about how to promote it. We don’t want to burden them in their promotion process.
Ellkay — What do you think are the major threats and barriers that could face the development and adoption of AELF??
Haobo — If I’m a DAPP developer and I need to promote my APP to people who don’t recognize blockchain, then I’d like to choose a platform that doesn’t have to explain a lot of blockchain details to the end-user, so they can use it easily. We’ve provided some options in the Boilerplate that allow you to log-in simply via QR code + Password, and our recommended DAPP is independent wallet and a separate iOS/Android application.
ahihi132 — Give me some important reasons why we need to hold AELF token where in fact hundreds of project failed and it went to bankruptcy or even developers run when they collect millions/billions of funds…? Can you explain it to us?
Haobo — First of all, we will not give any suggestions as we only describe the fact that the long-term token holder will be able to govern the AELF network, get AELF mining reward and AELF network profit. At the same time, aelf network is a deflation model, aelf network received transaction fees, profit dividends, will immediately destroy 10% etc
All investments are risky, and we don’t judge the behavior of other developers. There are so many things in this world that cannot be understood and unfair. It is important to do our job well. I cannot explain these things.
Unknown — I remember that boss Ma mentioned to only find those truly innovative applications and enterprises with blockchain, how to find and win partners in these aspects?
Haobo — When Linus was developing Linux, I didn’t think he’d find a lot of collaboration when the code wasn’t good.
The response we can give is that we already have a lot of interest in cooperation, including what we have announced, what we haven’t announced, etc.
Unknown — How interested are cloud computing providers in participating nodes?
Haobo — The vast majority of our nodes should be using cloud services, and as long as a large number of our 17 nodes and other candidate nodes are based on cloud services, our network robustness is determined by these cloud computing providers. Of course, in the expansion, we can also use cloud computing services.
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Boilerplate is the environment that aelf uses to develop smart contracts and DApp.
Boilerplate shares some code with aelf and runs the aelf node internally.
(https://i.ibb.co/tJmQvhW/loadit.jpg) (https://ibb.co/VqjJzNP)
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Don't miss another AMA! This time on aelf's Reddit channel.
Prepare your questions on the Mainnet Launch Roadmap & aelf Enterprise V1.0.0 preview 1 and receive prizes!
Reddit channel: https://reddit.com/r/aelfofficial/
Time: April 8th, 6pm-7pm (SG time, GMT+8)
https://twitter.com/aelfblockchain/status/1247086644869513217
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Today is the day! Come join our AMA
When? Today at 6pm Singapore time!
Where? aelf's reddit channel: https://reddit.com/r/aelfofficial/
Who? Questions will be answered by CEO Haobo Ma and COO Zhuling Chen
How? Ask us anything!
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aelf Block Explorer
1.1 Overview
The aelf Block Explorer is used to monitor the main chain and side chain, allowing users to search for specific information, and participate in the aelf ecosystem.
1. Search: basic data such as the number of transactions per minute, block height, total transaction volume, the total number of token holders, node applications, side chains;
2. Query: specific information regarding block height, transaction ID, and wallet addresses;
3. Network Participation: Grow the aelf ecosystem through actions such as joining node elections, resource purchasing and viewing contracts.
1.2 Block Explorer Addresses
Main chain: https://explorer-test.aelf.io
Side chain 1: https://explorer-test-side01.aelf.io/
1.3 Block Explorer Interface
1.3.1 View the Whole Network Status
(https://i.ibb.co/3423s2w/1.png) (https://ibb.co/q7KSnKz)
1.3.2 View Contracts and History
(https://i.ibb.co/y5QhQkF/2.png) (https://imgbb.com/)
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1.3.3 View Block Information and Detailed Transactions
(https://i.ibb.co/q0zxW7c/5.png) (https://imgbb.com/)
(https://i.ibb.co/QCFxRtb/6.png) (https://imgbb.com/)
1.3.4 Check Addresses
(https://i.ibb.co/Htj9xgh/7.png) (https://imgbb.com/)
1.3.5 Join Node Election and Vote
(https://i.ibb.co/xJvvTq9/8.png) (https://imgbb.com/)
1.3.6 Purchase Resource
Users can purchase RAM, CPU, NET, and STO resources for on-chain governance through aelf’s Block Explorer.
(https://i.ibb.co/FDwNtMF/9.png) (https://ibb.co/rw6TJSV)
SOURCE: https://medium.com/aelfblockchain/aelf-block-explorer-55eb3bcddfb8
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More Standardization & More Regulation!
aelf officially joins the #IEEE C/BDL (IEEE Computer Society Blockchain and Distributed Ledger Standards Committee)
aelf will provide services in the R&D of Blockchain Infrastructure, Blockchain Systems, and Vertical Industry Solutions!
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Congratulations to our CEO Haobo Ma, for being elected the executive member of the IEEE C/BDL (IEEE Computer Society Blockchain & Distributed Ledger Standards Committee)
aelf will work towards prompt standardization & application of blockchain & distributed ledger tech.
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What a success! Thank you for joining our AMA!
We received so many great questions.
If you missed it, here is the recap
https://www.reddit.com/r/aelfofficial/comments/fs9wt5/aelf_ceo_coo_host_official_ama/
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On #AMA, Haobo Ma said that most aelf nodes might use cloud computing services. If 17 nodes & most of candidate nodes are cloud based, the networks robustness will be determined by cloud providers. For sure, we can use the cloud services provider when we expand the capacity.
https://twitter.com/aelfblockchain/status/1248626795706044416
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#aelf update: We optimized some of the SDK and Products.
Now, developers can start their development more easily.
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#aelf update
We optimized the storage of transaction fee, to make it more scalable.
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aelf was certified by China Electronic Standardization Institute (CESI).
(https://i.ibb.co/ZXynGp8/1.jpg) (https://ibb.co/r0nCFR6)
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#aelf chains are tree-like
1. All side-chains are attached to the main-chain
2. Instead of interacting directly, chain's interaction adopt the MerkleTree & Input Message Verification.
3. Easy to add/remove side-chain
4. When the main-chain is safe, can share security with side-chains
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aelf update: 𝗖𝗵𝗮𝗶𝗻 𝗨𝗽𝗴𝗿𝗮𝗱𝗶𝗻𝗴 𝗦𝗰𝗵𝗲𝗺𝗲
The technical team has evaluated & tested the chain upgrading scheme, which provides a feasible scheme support for the future Chain Upgrading.
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At Reddit AMA, Haobo Ma said that DeFi isn't performing well in risk control. We hope to separate different DEFI applications based on our main chain and side chain mechanism so that DeFi applications can run stably and efficiently.
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Join the aelf Saelf-Governed Community
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During aelf’s Mainnet launch preparation, in order to gather community support and promote the smooth launch and orderly ecosystem governance, aelf will launch a new saelf-governed community. This will be done in a democratic and transparent way, stimulating community initiative and empowering community quality resources. This community will promote a decentralized, forward-driven aelf saelf-governed system. At present, the aelf DAO Management System draft has already begun to take shape.
Before the formal establishment of the aelf DAO, the aelf team hopes that the community can participate in the DAO’s discussion and design. In addition, the team hopes to bring users who are interested in the aelf node election together to participate in the aelf community governance. After consultation with the aelf Foundation, it was decided to build a new Telegram community: ‘the aelf saelf-governed community’. Users can have in-depth conversations within the aelf saelf-governed community on major aspects such as the aelf DAO, the node election, and the mainnet launch. Users who are interested in learning more about the aelf DAO Management System, as well as those who wish to participate in the aelf ecosystem and share the benefits of aelf’s development, are encouraged to join the community.
Members’ Rights & Interests
Through the saelf-governed community, users can participate with ease in the aelf DAO development. Simultaneous to this, according to the degree of users’ participation and contribution, users can get corresponding rights and share in aelf’s development achievements.
1. Participate in the aelf project
- Get first-hand information on the progress of the aelf project
- Real-time Q & A with the core team members
- Collaborate with Members of DAO Management Committee to initiate on chain governance proposals
- Participate in DAO Management System related issues
- Learn about aelf’s underlying system
- Participate in strategic planning after aelf’s mainnet launch
2. Participate in community activities
- Participate in Community Live AMAs
- Participate in strategic sharing sessions (DAO, Dapp ecology, etc.)
- Participate in the on-chain proposal voting
- Participate in the mapping event, node election and other activities
- Advise on community development
- Participate in offline activities
Application Requirements
In order to ensure the community’s quality and protect the rights of every member to participate in the aelf ecosystem governance, there will be an official invitation to join the saelf-governed community. We have set basic criteria for joining the saelf-governed community:
- You must hold at least 50,000 aelf tokens — must be verified.
- You must be a highly active aelf community member who is willing to consistently participate in aelf’s DAO governance.
Token Verification Process
Transfer a specified amount of ELF to an official designated address.
Official Designated Address: 0x9E785b68727746e0BD9a0302Dc0DE5f3e1458841
Amount: 0.01 ELF
Transfer Notes: Telegram Username (Required) and Phone number (Optional) — Be Sure to make a clear note when transferring
Notes:
The transfer needs to be initiated by a personal ETH Wallet where the 50,000 ELF is stored. An exchange account cannot be used!
2. If ELF assets are stored in an Exchange, it is necessary to transfer ELF to the personal Wallet before initiating the verification process.
Once the transfer is complete, please wait for verification (within 2 working days). After the verification is complete, you will be invited to join the aelf saelf-governed community.
If you can’t make a note when transferring, please contact our admin for one-on-one verification via Telegram:
Chinese admin: @aelfgirl (aelf 小仙女)
English admin: @DORISYG (Doris Guo)
Through the Innovation of aelf’s community structure, aelf aims to build an openly communicating, value-oriented and self-contributing community, which can support aelf’s ecosystem and promote its sustainable and stable development. If you are looking forward to becoming involved in community development, sharing aelf’s development opportunities, and creating both economic and social value together, then joining the aelf DAO Management Committee is the best way. Users who are interested in joining in the aelf DAO Management Committee can apply to join the aelf saelf-governed community for in-depth communication. The aelf DAO Management System will be introduced and discussed in more detail in the aelf saelf-governed community. In the future, any relevant details about the aelf node campaign and mainnet will also be shared with users in this community first. Come and join us!
Source: https://medium.com/aelfblockchain/join-the-aelf-saelf-governed-community-911338fd1a08
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#aelf Unique Consensus Mechanism:
Based on DPoS: the AEDPoS adopts a hash-commit-reveal method.
The raw material for generating random numbers can be used directly from the previous_in_value published when each CDC generates a normal block.
(https://i.ibb.co/SBcwq1W/EUCEOsx-U0-AEVg-OI.jpg) (https://ibb.co/gJdZsXH)
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#aelfSquared vs#Ethereum
Same Deflation Model, but richer governance model & rules
-Balancing the Rights & Interests of all parties
-Each chain has a governance system but is also part of the main-chain economic system.
-Supporting dividends and token issuance
http://No link shortners - please include original link/2wGVzVr
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aelf DAO Management System Draft officially released
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The aelf foundation has released the aelf DAO Management System Draft within the saelf governed community on April 17, 2020. A new decentralized autonomous organization (DAO) will be established to stimulate community initiative and empower community members. Members of the ‘saelf governed community’ can provide feedback and involve in decision-making related to this draft and apply to join the aelf DAO Management Committee in the near future.
What is the DAO？
The DAO is an organization that is controlled entirely by community participants and is not affected by any centralized organization or individual. The underlying code is written as transparent open-source to ensure decision-making and the execution of specific affairs in smart contracts is free from bias or manipulation. In short, the DAO is an organization dominated by pre-agreed rules that are independent of all participants and stakeholders, rather than by subjective will. Any DAO member can initiate a proposal and vote. When the proposal receives a certain level of support, the DAO will automatically implement the proposal, forming a community-driven organization and governance model.
About the aelf DAO Management Committee
The aelf foundation has proposed the establishment of the aelf DAO management Committee, which will be responsible for all aelf DAO affairs. Members who Join/Exit the Committee are required to initiate a Parliament model proposal, which is voted on by the production nodes (all production nodes are elected by the community users).
(https://i.ibb.co/sCxhMsN/3.png) (https://ibb.co/5kpdfsS)
Learn about aelf DAO Management System Draft
The Committee will establish the aelf DAO governance model around grants and bounty projects. A grant project is any blockchain project initiated by community developers based on the aelf chain. Through the aelf DAO, the Committee can provide financial and resource support to aid project development. A bounty project is a blockchain project initiated by the Committee for the specific development needs of aelf. Community users can get rewards by participating in these projects.
(https://i.ibb.co/qdfP230/4.png) (https://ibb.co/c1H7sSb)
In order to support the development of grant projects and bounty projects, aelf will set up a DAO fund pool, and the aelf foundation will contribute 25% of their ELF funds to the fund pool. In parallel with aelf’s development, the foundation will continue to invite investors to participate in the aelf DAO governance, and any investor funds injected will go directly into the fund pool. For grant projects, when community users’ proposals are voted into the scheme, the pool will finance them in accordance with the budget contained in each proposal. With regard to the bounty project, when the proposal is voted into the scheme, it will be distributed according to the budget in the proposal and according to the contribution of each participating community user.
The proposal for a project application grant or bounty project release requires two rounds of voting, first by the aelf DAO Management Committee and then by the production nodes. The aelf DAO Management Committee and the production nodes will check the proposal development details, project delivery, and financial support to ensure that the proposal can be completed according to the established plan. In addition, before the proposal is launched in the aelf DAO, it may be pre-approved through a referendum, and any community users who have VOTE tokens can participate in the pre-approval.
When a grant or bounty project generates profit, the project proposal’s initiator or participants will share them with the fund pool in accordance with the established profit distribution rules, and the fund pool’s profit portion will continue to be used to support the implementation of new project proposals in the future. At the same time, all DAO Management Committee Members may receive an annual 5% profit sharing of the fund pool. If aelf DAO Management Committee Members would like to suggest other profit distribution models, they can initiate a proposal.
The aelf DAO will be the central driver of aelf ecosystem governance and development, and any member of the ‘saelf governed community’ will be free to join/leave the aelf DAO.
aelf DAO Management Committee Membership benefits:
- Participate in the voting of the aelf DAO’s proposal and aelf’s governance decision-making.
- Receive equal shares in 5% of the fund pool’s profits and earn aelf development dividends.
- Initiate grants project proposals or participate in bounty projects to get funds support from the fund pool.
- Submit a proposal to be voted on.
Proposals for grants projects or bounty projects initiated by an aelf DAO Management Committee Members can be adopted and supported by relevant funds and resources if they are voted into the scheme. This can not only contribute to aelf’s development, but also can provide additional profit to them through the proposal’s implementation. The aelf DAO has no hierarchical structure, all members are equal, and interests/goals are the same. Only by promoting aelf’s ecosystem growth together can it meet all members’ interests and form sustainable development of the ecosystem’s governance.
Users who are interested in participating in the aelf DAO can apply to join the ‘saelf governed community’ (telegram community) for in-depth communication. Discussions such as programme planning and fine-tuning of the aelf DAO Management System draft will be discussed further within this group, and users are encouraged to make suggestions there. Come and join the ‘saelf governed community’ (telegram community) to get involved in the aelf DAO discussion!
Join the ‘saelf governed community’ to view the full aelf DAO Management System Draft. For more details on how to join the group: https://link.medium.com/BWjXIMASK5
Source: https://medium.com/aelfblockchain/aelf-dao-management-system-draft-officially-released-c462d4d02e45
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✅ Aelf is on the first rank according to the Cryptomiso stats. 😊👏
(Source: https://www.cryptomiso.com)
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Developers DApp Competition | aelf Testnet
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This competition is designed to help provide a stable, reliable and easy-to-use DApp environment for developers to develop, deploy and run their applications with specific focus on performance, chain governance and user experience. It will also serve as a means to explore a variety of blockchain applications in relation to economic and social governance, while promoting the integration of blockchain technology and a functioning economic system on aelf.
Competition Time：
21st April 00:00–9th June 23:59 (SG Time)
(https://i.ibb.co/8xpJdQC/22.jpg) (https://ibb.co/pK8gRk7)
Registration Process:
1. Fill in the entry form — Individuals or teams may apply, there is no limit to team size.
- Sign Up Form: https://docs.google.com/forms/u/1/d/1QrYWtW3rPohsDSoWl1xIlqR_AgdpsEfgm-k23yqHPvY/edit?usp=drive_web
2. Upon submission of your entry form, a member of the aelf team will confirm your entry eligibility.
3. After confirmation, participants should submit the basic DApp design plan proposal/description, and then proceed to the development stage.
Note: Participants can freely team up to discuss & collaborate with others in the aelf developer community.
※ Telegram Community：
- Main Community (English): https://t.me/aelfblockchain
- Developer Community: https://t.me/aelfdeveloper
DApp Competition Design Requirements:
1. There are no restrictions on DApp types. Participants can refer to popular DApp applications for design and development inspiration, or develop their own unique DApp.
2. To maximise your chances
- Ensure the DApp features can easily be used.
- DApp UI should be simple and clear, and an attractive UI is considered a highlight.
3. DApp development specifications need to observe the aelf development specifications.
4. The DApp needs to be developed and deployed based on aelf public testnet V1.0.0 preview 1 or higher.
5. All submissions need to pass the aelf Enterprise environment test under the application scenario and run stably.
Note: Currently supporting C # , Python, Javascript, Java, Golang, and PHP languages.
How to submit DApp Delivery File:
Off-chain submission
Participants are required to follow the DApp design plan and submit the PR (pull request) with a Development Delivery File (reference template: deliver-template https://github.com/DAO-Testnet/Bounties/blob/master/deliver-template.md) to the GitHub ‘Bounty Project’ (https://github.com/DAO-Testnet/Bounties) before the deadline (May 30th).
The development delivery File is recommended to be named: ‘Project Name’-’stage’-development delivery File.
- Application Delivery Template: https://github.com/DAO-Testnet/Bounties/blob/master/deliver-template.md
- GitHub Bounty Project Repository Address: https://github.com/DAO-Testnet/Bounties
- Off-chain Application Delivery Guideline: https://github.com/DAO-Testnet/Bounties/blob/master/deliver-docs/Off-chain%20Application%20Delivery%20Guideline.md
DApp Criteria:
The competition judging committee will comprise members of aelf’s technical and ecosystem #DevelopmentTeam s. Final selection will be handed over to the aelf DAO Management Committee. The winning portfolio will be judged by the following aspects:
- Level of completion
- Level of innovation
- User experience
- Technical framework
The results will be announced in the aelf Telegram Community and aelf Twitter Channel after the competition.
Note: The Saelf-Governed Community will act in lieu of the DAO Committee prior to its establishment
This competition will test the DAO governance process. Members of the Saelf-Governed Community will evaluate submissions and select winners through the DAO process. The judges participating in this competition will share 5% of the reward.
Awards:
Best Application Award (1 person) : 20,000 ELF
Winning Design Award (1 person) : 12,000 ELF
Reference Cases:
The following cases DApp do not currently exist on the aelf chain, this development competition is focused on lightweight DApps. We mention a few relatively lightweight DApp classes here as examples, just for reference. Feel free to develop more creative DApp scenarios.
Reference 1: Chain Record
You can design DApps that store meaningful information in a chain. Such as tracking current epidemic data, public information records, travel records, eternal album memorials and other record-keeping applications.
Reference 2: Mini Game
You can also design interesting minigame DApps that are simple and easy to play, with a clear process and low barriers to entry. For example: Random Number Contest, Guessing Box, Random Guess/Match Card, Greedy Snake, Prizes Snatching, etc.
Developers File：
※aelf project information：
Official Website: https://aelf.io/
aelf Explorer: https://explorer-test.aelf.io/
Project Source Code repository: https://github.com/AElfProject/AElf
※The relevant code and technical documentation can be found at:
Files：https://docs.aelf.io/
aelf-boilerplate：https://github.com/AElfProject/aelf-boilerplate
aelf-bridge： https://github.com/AElfProject/aelf-bridge
aelf Wallet ：https://github.com/AElfProject/aelf-web-wallet
aelf Explorer： https://github.com/AElfProject/aelf-block-explorer
If you are willing to participate in aelf’s ecosystem development, and wish to create economic and social value with blockchain technology, or if you are innovative and have a unique business vision to develop a viable blockchain application, then don’t miss this DApp development competition.
Source: https://medium.com/aelfblockchain/developers-dapp-competition-aelf-testnet-e16f96c20ce9
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#aelf update: We optimized the developer payment & dividend model and built the ACS9 standard.
Based on this standard, developers can quickly understand the construction of our profit distribution model.
(https://i.ibb.co/k2VRg5d/EWPp892-UYAAt-g.jpg) (https://ibb.co/jk9cvbp)
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#aelf Public & Supporting Features Introduction.
One of Supporting:
aelf Block Explorer➡️Proposal
Check More: https://explorer-test.aelf.io
(https://i.ibb.co/7b2mDQ0/EWPp892-UYAAt-g.jpg) (https://ibb.co/HXn8yC9)
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We are very excited to share the #aelf DAO documents:
1️⃣ How to Apply for the aelf DAO Management Committee: https://medium.com/aelfblockchain/how-to-apply-for-the-aelf-dao-management-committee-a98ecbcc0433
2️⃣ Developers Instruction: Grant Project: https://github.com/DAO-Testnet/Grants/blob/master/operation-guide.md
3️⃣ Developers Instruction: Bounty Project: https://github.com/DAO-Testnet/Bounties/blob/master/operation-guide.md
(https://i.ibb.co/TbdXD3M/EWXVf8p-Uc-AQra-Co.jpg) (https://ibb.co/s6zSpY9)
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The DApp competition is heating up!
No restrictions on DApp types, supporting C#, Python, Javascript, Java, Golang, and PHP. As long as your DApp has the advantage in completion, innovation, technical framework, you will have the chance to win the prize!
https://docs.google.com/forms/d/e/1FAIpQLSfuQCejZdGI7138P3VJ_DqtiHX5yFMT7bWTpMNP4L2Fu_KXxg/viewform
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aelf Enterprise v1.0.0 Preview 2 Officially Released
(https://i.ibb.co/k0LMGfM/0-Fa-Npu-Zn-C7-TXr-IXTz.jpg) (https://ibb.co/3WxkTqk)
On Monday, 27th of April, aelf Enterprise v1.0.0 Preview 2 was launched. aelf Enterprise v1.0.0 Preview 2 is optimized in terms of performance, scalability, and user experience. With a more comprehensive commercial blockchain solution — including a fully developed blockchain ecosystem, development kit, and supporting documents for basic applications and services — this version can provide a safe, stable, and efficient development environment for developers.
Preview 2 is an enterprise-ready, integrated blockchain solution. The ‘main chain + multi-side chain structure’, ‘cluster’ data center, a parallel computing system, AEDPoS consensus, and a multi-governance model catalyzes the deep integration of various applications with blockchain technology.
The Public Testnet Code has been upgraded to aelf Enterprise v1.0.0 preview 2 and all functions required for Mainnet launch are deployed. Supporting features, such as the Test Android, IOS, and web wallets, in addition to the Testnet Blockchain Explorer will be updated simultaneously. Based on aelf v1.0.0 preview 2, community users can experience the functional modules of aelf’s mainnet.
aelf Enterprise 1.0.0 Preview 2 Version System Integration
1. aelf Enterprise
- aelf v1.0.0 Preview 2
- DevKit v1.0.0 Preview 2
2. aelf External Applications
- aelf Blockchain scanner v0.4.1
- aelf Scanner Mysql plugin v1.0.0 Preview 2
- aelf Explorer v1.0.0 Preview 2
- aelf Wallet v1.0.0 Preview 2
- aelf JS SDK 3.2.33
- aelf-bridge 0.0.8
- aelf CLI in Nodejs v0.1.40
3. aelf Browser Extension v1.1.1
From here aelf will focus on analyzing exception cases based on the running of aelf Enterprise v1.0.0 Preview 2. At the same time, aelf will do deep and systematic research on block producing efficiency, node stability, DB performance, storage data structure, and network transmission efficiency optimizations. The team will continue to explore the ecosystem governance model and economic system model designs.
Preview 2 is a crucial display of aelf’s latest technical updates and the R&D achievements of the mainnet. Mainnet preparation has been initiated in accordance with the Mainnet launch Roadmap. More details will be posted in the near future!
Aelf will continue to strive for excellence, providing users with high-performance, stable, and reliable blockchain infrastructure.
Detailed Updates
1.aelf Enterprise Updates and Introduction
1.1 aelf v1.0.0 Preview 2
https://github.com/AElfProject/AElf
- Enhanced verification logic with contract approach
- Optimized the random number generation logic, improving ease of use
- Optimized the on-chain cache logic for better maintenance
- Upgraded dependency packages such as Grpc
- Optimizing the main / side-chain dividend pool logic
- Optimized the service fee calculation logic, making it easier to expand
- Optimized the service fee charging logic, improving usability
- Optimized code dependency/code style for better maintenance.
- Optimized CI/CD
1.2 Devkit v1.0.0 Preview 2
- aelf-boilerplate: https://github.com/AElfProject/aelf-boilerplate
- Developer documents: https://docs.aelf.io/
Document update of Contract Interface, CSharp SDK, Web API.
2. aelf External Applications Update
2.1 aelf blockchain scanner v0.4.1
- Fix reference bug
2.2 aelf Scanner Mysql plugin v1.0.0 Preview 2
2.3 aelf Explorer v1.0.0 Preview 2
- Added all chain data.
- Displayed the name of a known address.
2.4 aelf wallet v1.0.0 Preview 2
aelf IOS/Android Wallet Beta Download Link:
- iOS: Search for aelf in the App Store. (The APP is currently under review, so please be patient.)
- Android: http://d.6short.com/AelfAndroid
2.5 aelf JS SDK 3.2.33
- Fix private key bug
2.6 aelf-bridge 0.0.8
2.7 aelf CLI in Nodejs v0.1.40
3. aelf Browser Extension v1.1.1
- Chrome Download Link: https://chrome.google.com/webstore/search/AELF
- Code Base: https://github.com/AElfProject/aelf-web-extension
- Unifies the call return of whitelist and non-whitelist contracts.
- Document: https://docs.browser-extension.aelf.io/
SOURCE: https://medium.com/aelfblockchain/aelf-enterprise-v1-0-0-preview-2-officially-released-a1af3150438b
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📢 #aelf Will Hold an AMA with aelf's CEO & COO on Twitter.
15 questions will be selected and share in the rewards!
Tasks:⬇️
1️⃣ Like the Tweet (https://twitter.com/aelfblockchain/status/1255022821237043200)
2️⃣ Retweet with the hashtag.
3️⃣ Comment with your questions and @tag 3 friends
(https://i.ibb.co/Z6c3gHN/2.jpg) (https://ibb.co/HDG0PNX)
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The ultimate development experience!
Contract interfaces can be defined based on protobuf files!
Contract code can be generated directly by code generation tools, which greatly reduces the cost of contract development.
https://aelf.io/gridcn/aelf_public_testnet_and_supporting_features_introduction_en_v1.0.pdf?t=20200327
(https://i.ibb.co/CP0QQpv/EUp0fq7-UEAIWWl6.jpg) (https://ibb.co/HhgqqLY)
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#aelf update:
aelf optimized and upgraded the main-chain dividend (Incentive) pool.
What happens now❓
(https://i.ibb.co/M63N0Fw/EUp0fq7-UEAIWWl6.jpg) (https://ibb.co/nC5kJxd)
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#aelf update: Our developer team combed through the DAO (decentralized autonomous organization) process.
We will introduce a more detailed DAO draft based on the system's technical characteristics & governance model.
(https://i.ibb.co/Z1ZskPw/EUp0fq7-UEAIWWl6.jpg) (https://ibb.co/G3hwbL1)
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#aelf update:The technical team optimized the Codecheck Logic:
1⃣Added timeout for validation
2⃣Added a threshold for recursive checking
3⃣Specified the exception information at the time of validation
(https://i.ibb.co/kSsr4C7/EUp0fq7-UEAIWWl6.jpg) (https://ibb.co/YLFKcsC)
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aelf Content Contest is here!
Create a unique blog post of written, graphic, or video content explaining aelf
🟥 Prize Pool: $300 in DAI: Top 10 posts + 2 Special Prizes!
🟥 How: Write/publish the blogpost on @Publish0x & use the hashtag #aelfexplained
https://www.publish0x.com/aelf-blockchain/300-dollars-in-dollar-dai-aelf-explainer-contest-aelfexplain-xlovgd
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aelf Testnet Name Submission Contest is LIVE!
(https://i.ibb.co/cTJbDDn/1.png) (https://ibb.co/LpSQnn7)
On Monday, 27th of April, aelf Enterprise v1.0.0 Preview 2 was launched. The Public Testnet Code has been upgraded to aelf Enterprise v1.0.0 preview 2 and all functions required for the Mainnet launch are deployed. aelf is now taking submissions the Public Testnet for an English Name that explores and highlights the brand value of aelf’s Public Testnet. This event will also encourage the aelf community to participate in aelf Governance and Development issues, injecting new content into the aelf Public Testnet.
Collecting Method
Submission period:
- May 6th 2020 20:00 to May 20th, 2020 23:59 (GMT +8)
Submission method:
- fill out the form
Form Links:
- Chinese community: http://blockchain-aelf.hk.mikecrm.com/GZMHYvU
- English community: https://docs.google.com/forms/d/1A9OfO2bZQD7DIKerxS242ay302sqKdtvd1u3BO1Bt6w/edit
Requirements:
Be a meaningful English Name
Use real words or create your own words, but make sure it’s easy to read and remember.
- The name needs to be consistent with the brand concept and platform features of aelf.
- The name needs to be unique and can not be similar to competitors.
- The name must not contain any crude or derogatory elements or be perceived unethical.
Awards
Selection Method
- 10 names will be selected as finalists from all submissions by the organizers.
- The 10 Name finalists will be visible to the public and voting will take place to choose the winner.
Selection Time
- Preliminary Selection Time: May 13th 00:00 — May 14th 23:59 (GMT +8)
- Voting Time: May 15th 12:00- May 19th 23:59 (GMT +8)
Voting — Link to the 10 finalists will be updated on May 15th
- Chinese Community Voting Address: + Voting Address (Vote on Weibo)
- English Community Voting Address: + Voting Address (Vote on Twitter)
Awards
(https://i.ibb.co/kgT3KyD/2.png) (https://imgbb.com/)
Note: The specific awards shall be based on the number of votes. Lucky vote prize will be randomly selected from the voters.
Use an English name to explain your understanding of aelf or give a new brand meaning to aelf. What are you waiting for? Will you have the honor of naming the aelf Public Testnet?
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The R&D team added new interfaces to the web API: block and transaction size.
What this means for you: you can check more on-chain data with ease.
(https://i.ibb.co/mGHgt2K/trends31.jpg) (https://ibb.co/s2FzQN4)
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What can you do? Come build with us!
Earn rewards for contributing towards the development of the #aelf ecosystem!
- Expand branding materials, e.g. wallpapers, memes and graphics
- Create engaging videos
- Improve aelf documentation
- Write articles about aelf
- Create DApps
(https://i.ibb.co/qDr8Vzj/main-qimg-8d02638f4884582ec21e2cc1ad3821db.jpg) (https://ibb.co/7S1DLHC)
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aelf Enterprise v1.0.0 Preview 3 officially Released
(https://i.ibb.co/3sQkTXj/main-qimg-e3b675195d7adddf9b055847ecd2d842.jpg) (https://ibb.co/qnVxDGc)
On Tuesday, 23th of June, aelf Enterprise v1.0.0 Preview 3 was launched. It is a comprehensive commercial blockchain solution, including a fully developed blockchain ecosystem, development suite, and supporting documents for basic applications and services. Preview 3 is optimized in terms of performance, scalability, and user experience. With a more comprehensive commercial blockchain solution, this version can provide a safe, stable, and efficient development environment for developers.
Preview 3 is an enterprise-ready, integrated blockchain solution. The ‘main chain + multi-side chain structure’, ‘cluster’ data center, a parallel computing system, AEDPoS consensus, and a multi-governance model catalyzes the deep integration of various applications with blockchain technology.
The Public Testnet Code has been upgraded to aelf Enterprise v1.0.0 preview 3 and all functions required for Mainnet launch are deployed. Supporting features, such as the Test Android, IOS, and web wallets, in addition to the Testnet Blockchain Explorer will be updated simultaneously. Based on aelf v1.0.0 preview 3, community users can experience the functional modules of aelf’s mainnet.
aelf Enterprise 1.0.0 Preview 3 Version System Integration
1.aelf Enterprise
- aelf v1.0.0 Preview 3
- DevKit v1.0.0 Preview 3
2.aelf External Applications
- aelf Blockchain scanner v0.4.1
- aelf Scanner Mysql plugin v1.0.0 Preview 3
- aelf Explorer v1.0.0 Preview 3
- aelf Wallet v1.0.0 Preview 3
- aelf JS SDK v3.2.34
- aelf-Bridge v0.0.9
- aelf CLI in Nodejs v0.1.43
3.aelf Browser Extension v1.1.1
Detailed Updates
1.aelf Enterprise Updates and Introduction
1.1 aelf v1.0.0 Preview 3
https://github.com/AElfProject/AElf
- Optimized the transaction parallel grouping mechanism to improve the parallel transaction execution efficiency
- Simplified the transaction verification mechanism and improved transaction verification efficiency
- Reconfigured the smart contract unit testing framework to improve unit testing efficiency
- Optimized log configuration scheme
- Optimized the malicious nodes marking mechanism
- Improved DPoS consensus stability
1.2 Devkit v1.0.0 Preview 3
- aelf-boilerplate: https://github.com/AElfProject/aelf-boilerplate
- Developer documents: https://docs.aelf.io/
- New version of developer documentation framework
- Added contract development tutorial module
- Added Consensus, transaction and network protocol modules
2.aelf External Applications Update
2.1 aelf Scanner Mysql plugin v1.0.0 Preview 3
- Fixed reference bug
2.2 aelf explorer v1.0.0 Preview 3
- Added all chain’s data
- Added address details
- Added token list and detailed data
- Contract event and transactions can be viewed in contract details
2.3 aelf wallet v1.0.0 Preview 3
- Fixed bug
2.4 aelf JS SDK 3.2.34
- Fixed bug
2.5 aelf-Bridge 0.0.9
- Added action to smooth the difference of calling contract methods through APP, aelf Explorer Extensions and aelf SDK.
2.6 aelf CLI in Nodejs v0.1.43
- Fixed bug
From here aelf will focus on analyzing exception cases based on the running of aelf Enterprise v1.0.0 Preview 3. At the same time, aelf will do deep and systematic research on block producing efficiency, system stability and performance, storage data structure, and network transmission efficiency optimizations. The team will continue to explore the ecosystem governance model and economic system model designs.
Preview 3 is a crucial display of aelf’s latest technical updates and the R&D achievements of the mainnet. Mainnet preparation has been initiated in accordance with the Mainnet launch Roadmap. More details will be posted in the near future! Aelf will continue to strive for excellence, providing users with high-performance, stable, and reliable blockchain infrastructure.
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🔊 Exciting news! ELF is now available on ZGexchange.
Deposits and withdrawals will be authorized at 14:00 July 3 (GMT+8).
Additionally, ELF will be available for All-Currency Futures from 16:00 July 6 (GMT+8).
(https://i.ibb.co/1McCTys/Eb5g-v-AUEAA-3i-C.jpg) (https://ibb.co/kJZLXb3)
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🔊 Shout out to a new awesome video!
Do you know how to run single-node and multi-node on aelf boilerplate?
Check out this #tutorial from the head of aelf Enterprise Yiqi Zhao! Suggest watching in 1080 HD with popcorn!🍿
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🔊 As one of the leading blockchain projects in Data, Cloud & Communication Services category, aelf has been featured in the Singapore Blockchain Landscape 2020 alongside AWS, IBM Cloud & Microsoft Azure 🎉
https://cointelegraph.com/news/singapores-blockchain-landscape-has-grown-more-than-50-since-last-year
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🔊 We have good news to share with you!
In 24h we will introduce THE FIRST PUBLIC TESTING of aelf blockchain in 2020!
Countdown just started. Stay tuned! 💪💪
(https://i.ibb.co/5MhC1rH/Ec-Uh9za-Uw-AAWRf9.jpg) (https://ibb.co/QbvhJPw)
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🔊 We are thrilled to announce that #aelf First BingoGame Public Test goes live today!
A Party with amazing Prizes! 💰
There are only 40 places available for IOS on a first-come, first-served basis. And unlimited for Android.
Check out all the details 👇
https://medium.com/aelfblockchain/aelfs-first-bingogame-public-testing-in-2020-e9848d281d3e
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🔊 aelf #DevelopmentTeam weekly #update!
✅ We would like to let you guys know that we've been working hard to provide developers a better user experience. 💪💪
(https://i.ibb.co/37qY98T/Ec-Zk-R0-RUc-AAAQw-U.jpg) (https://ibb.co/hyj1Jng)
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🆕 aelf ecosystem team weekly #update!
Our goal: Making the infrastructure of the aelf network easier to use.
Click the image to check the updates ⬇️
(https://i.ibb.co/b71qYtf/Ec-Ztc-WSVc-AAEXV.jpg) (https://ibb.co/Wsnq7CT)
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Comparison of Cross-Chain Solutions - aelf 🆚 Polkadot
(https://i.ibb.co/yX4KWrB/Ecf-KMi-RUMAA-8-I7.jpg) (https://ibb.co/R9jtzq4)
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Did you know how to design a standard consensus interface in a blockchain system?
We challenge you to find the answer from this article!
https://medium.com/aelfblockchain/blockchain-system-consensus-decentralization-684982e57e7f
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Did you know how to design a standard consensus interface in a blockchain system?
We challenge you to find the answer from this article!
https://medium.com/aelfblockchain/blockchain-system-consensus-decentralization-684982e57e7f
What will be our rewards if we get the challenge. i hope you have something interesting to offer. we can solve this puzzle.
i also want to find out if Aelf is still conducting the community giveaway program that requires social activities.
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Mark your calendar! 📅July 14th
Our COO Zhuling Chen will join the #Binance 'Off the Charts' Live Panel! Don't miss it!
Topic: Emerging Applications for Blockchain and Crypto
See you on ⏰ Tuesday 14th July, 19:30 (11:30 AM UTC)
(https://i.ibb.co/0CHWrjr/Ecyk-QL4-Uw-AAHl9h.png) (https://ibb.co/bscyXgX)
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Did you know how to design a standard consensus interface in a blockchain system?
We challenge you to find the answer from this article!
https://medium.com/aelfblockchain/blockchain-system-consensus-decentralization-684982e57e7f
What will be our rewards if we get the challenge. i hope you have something interesting to offer. we can solve this puzzle.
i also want to find out if Aelf is still conducting the community giveaway program that requires social activities.
There is no reward for this article. Also, the Candybox bounty program had been suspended last year.
aelf First BingoGame Public Test went live last week that you can participate in and get some rewards.
Check out all the details 👇
https://medium.com/aelfblockchain/aelfs-first-bingogame-public-testing-in-2020-e9848d281d3e
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#aelffeatures brings you highlights from last week's mentions on the web!
aelf BingoGame, @CoinUp24: http://No link shortners - please include original link/2CoprZ9
Singapore’s Blockchain Landscape, @Cointelegraph: http://No link shortners - please include original link/3iUst89
Hackers Failed to Breach CCTP, @publish0x: http://No link shortners - please include original link/2Dw76cZ
(https://i.ibb.co/ZgHJNcy/Ecz-W6gz-U0-AAzd-Xy.png) (https://ibb.co/1XsnbRH)
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Join us at Binance’s “Off the Charts” virtual conference this Tuesday!
When will Zhuling Chen be speaking: 11:30 AM UTC
We’ll be talking about Emerging Applications of Blockchain and Crypto.
Register for free here: https://www.binance.com/en/anniversary-3
(https://i.ibb.co/wrJF6z7/Ec2u-Ag-UVAAAul-ZU.png) (https://ibb.co/mFvVzc0)
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Something amazing will start from here: 0x91517330816d4727edc7c3f5ae4cc5bef02ec70f 🧩
(https://i.ibb.co/mNnVYTF/Eczwe-Uc-Uc-AY3-CHn.jpg) (https://ibb.co/2Zz1LhY)
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BinanceTurns3 Panel Discussion Part 1:
Our COO Zhuling Chen shared his idea about blockchain adoption and how aelf made it in Binance's panel discussion. Check out the highlights:
(https://i.ibb.co/pRmH2XZ/11.jpg) (https://ibb.co/CMrjB0v)
(https://i.ibb.co/0DHTJDH/22.jpg) (https://ibb.co/6njzsnj)
(https://i.ibb.co/sVYk3hK/33.jpg) (https://ibb.co/qrQX1zN)
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BinanceTurns3 Panel Discussion Part 2:
Our COO Zhuling Chen shared his idea about blockchain adoption and how aelf made it in Binance's panel discussion. Check out the highlights:
(https://i.ibb.co/68N6ByP/11.jpg) (https://ibb.co/5k2qF18)
(https://i.ibb.co/DVSzhZN/22.jpg) (https://ibb.co/f1Pqfsb)
(https://i.ibb.co/KL3Z4HP/33.jpg) (https://ibb.co/k9WnbF7)
(https://i.ibb.co/mNRTDHZ/44.jpg) (https://ibb.co/Bnf3zgW)
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➡️ aelf Enterprise Weekly #Update!
We would like to let you guys know that we've been working hard to give developers a better user experience.
(https://i.ibb.co/YNJw79x/Ec99fqi-U8-AAyli-V.jpg) (https://ibb.co/51CwWDP)
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aelf Mainnet's R&D Team Weekly #Update!
Our goal: Making the infrastructure of the aelf network easier to use.
Click the picture below and check out the updates ⬇️
(https://i.ibb.co/QNKBxK2/1.jpg) (https://ibb.co/1qmV4mD)
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aelf’s Hacker Bounty Phase 2 Kicks Off
(https://i.ibb.co/NT7GKQm/2.jpg) (https://ibb.co/PDtVg39)
On May 29th, aelf launched phase 1 of the Hacker Bounty with a reward of 88,888 ELF based on the Cross-Chain Transfer Protocol (CCTP). Phase 1 concluded on June 5th, with no successful attempts at hacking the CCTP, leaving the bounty unclaimed.
Phase 2 of the Hacker Bounty will go live on July 16th. The bounty for phase 2 has been increased to 1,000,000 ELF. The program is co-hosted by aelf and CertiK, a blockchain security company. The co-organizers are DVP, a decentralized vulnerability platform, and SlowMist Technology, a blockchain security company. PeckShield, another blockchain security company, will be the vulnerability assessment partner. The event will be covered by dozens of leading media outlets around the world and is expected to draw white hat hackers and cyber-security enthusiasts from all over the world.
During the program, users who retweet the event will also have the opportunity to share out 8,888 ELF and win 52 ELF every day. Hackers participating in the program are required to find vulnerabilities in the underlying technology based on the logic implementation method of ELF token locking and swap. Sign up now and take on the challenge!
The aelf Foundation is hosting this program to show how secure aelf’s lock-in contract and Cross-Chain Transfer Protocol (CCTP) are while also enabling users to have a better understanding of the CCTP, which was launched in May 2020. The event will be posted as a Bounty Program on the aelf DAO to ensure transparency throughout. The draft of the program has been discussed in the saelf governed Telegram community and the bounty was set at 1 million ELF by the community members.
Date
July 16th 2020 20:00 — August 5th 2020 12:00 (GMT +8)
Rules
- Participants can sign up as individuals or teams — there’s no limit on the team size.
- The Bounty Program is about finding vulnerabilities in the Cross-Chain Transfer Protocol (CCTP), so those on the Ethereum Network or aelf will not count.
- At 12:00 pm (GMT +8) on July 16th, the aelf Foundation will lock 1 million ELF in the lock-in contract.
- At 12:00 pm (GMT +8) on July 27th, a Merkle tree will be generated.
- At 12:00 pm (GMT +8) on August 5th, 1 million ELF test tokens will be swapped to the aelf testnet via the Cross-Chain Transfer Protocol (CCTP).
- Participants who are able to hack the CCTP and swap the ELF test tokens to their own account addresses during the event will be rewarded with the equivalent amount of ERC20 ELF tokens.
- The aelf Foundation will retrieve the bounty if no hackers managed to breach aelf’s CCTP by the end of the event.
Lock-in Contract Information
Ethereum Mainnet:
- Ethereum mainnet lock-in contract address: 0x91517330816d4727edc7c3f5ae4cc5bef02ec70f
- Merkle Tree generation contract address: 0x76562bD67452359b68fACbfa2d0cc9c1999F566C
aelf Testnet：
- Side-chain token mapping contract address: RXcxgSXuagn8RrvhQAV81Z652EEYSwR6JLnqHYJ5UVpEptW8Y
- Contract Explorer: https://explorer-test-side01.aelf.io/contract?#https%3A%2F%2Fexplorer-test-side01.aelf.io%2Fviewer%2Faddress.html%23%2Fcontract%2FRXcxgSXuagn8RrvhQAV81Z652EEYSwR6JLnqHYJ5UVpEptW8Y (https://explorer-test-side01.aelf.io/contract?#https%3A%2F%2Fexplorer-test-side01.aelf.io%2Fviewer%2Faddress.html%23%2Fcontract%2FRXcxgSXuagn8RrvhQAV81Z652EEYSwR6JLnqHYJ5UVpEptW8Y)
- Contract code on GitHub：https://github.com/AElfProject/aelf-boilerplate/tree/token-swap/chain/contract/AElf.Contracts.TokenSwapContract (https://github.com/AElfProject/aelf-boilerplate/tree/token-swap/chain/contract/AElf.Contracts.TokenSwapContract)
How to Collect the Bounty
- For Chinese users: contact DaYuTongXue (WeChat ID: a439714) on WeChat
- For English users: contact Itsu Ace (@Itsu_Ace) on Telegram
Hacking Proof
Participants need to show their hacking proof to the aelf team after they have hacked the Cross-Chain Transfer Protocol (CCTP).
The following information needs to be provided as the hacking proof:
- Code for the hacking process
- A document which explains the hacking process
- Self-introduction
- ELF wallet address
Retweet to Win ELF
- Simply retweet the event and you will have the opportunity to share out 8,888 ELF.
- If no one is able to hack the CCTP before the deadline (August 5th), then all the retweeters (keep the retweet until the end of the event) will share out the 8,888 ELF!
We’d like to invite white hats, technology enthusiasts, and master hackers to participate in the Hacker Bounty Program and we hope the program will give you an in-depth understanding of the Cross-Chain Transfer Protocol (CCTP). Any feedback or suggestions on how to improve the aelf ecosystem are also welcomed!
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#MondayMotivation
Guess what Zhuling is doing now?
💬Tip: He might be promoting aelf and blockchain with a big tech company.
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Aelf advocate Itsu Ace was invited by Alibaba Cloud to attend the Meeting for 'blockchain development'. 🎉
They discussed how to ensure blockchain nodes run stably and how to deal with attacks by the black industry to protect user interests.
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How did aelf Enterprise help businesses run more efficiently amid the COVID19 pandemic?
Click below 👇 index to start reading!
https://medium.com/predict/the-remote-economy-is-now-thriving-see-how-blockchain-is-leading-the-way-8d3186347741
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🔊Our COO Chen Zhuling gave a talk on "Emerging Applications of Blockchain and Crypto" at #Binance 'Off the Charts' Live Panel!
If you didn't watch it live, watch it here!
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😄A Surprise for allers
▶️This is not even 1% of the it!
🔜Please Stay Tuned! &
https://twitter.com/aelfblockchain/status/1286273571107479552
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aelf will hold an AMA with Itsu Ace on Twitter
5 winners will be selected to share out the rewards!
⏰ 31 July, 5pm-6pm(GMT +8)
Tasks:
1️⃣ Watch the video
2️⃣ Like&Retweet https://twitter.com/aelfblockchain/status/1287935951730126855
3️⃣ Comment with your questions, tag @3 friends, include the hashtag #aelfHackerAMA
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Mark your calendar 📅 👉July 29!
📖Learn how BLOCKCHAIN fit into your business
Digitalization Journey with Huawei Cloud
Also find us at the https://rebrand.ly/partnerpage
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HUAWEI CLOUD ☁️ X #AELF
Premir on Cloud-Powered Blockchain Solutions available now! 🎬
Learn how blockchain fits into your business digitalization Journey.👣
More stories from here onwards! Let's go! 👫
&feature
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aelf Officially Partners up with DVP
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The hacker bounty phase 2 was officially launched on July 16 with a bounty of up to 1,000,000 ELF. Now halfway through the competition, the bounty is still unclaimed.
The hacker bounty program is co-hosted by aelf and CertiK, a blockchain security company. The co-organizers are DVP, a decentralized vulnerability platform, and SlowMist Technology, a blockchain security company. PeckShield, another blockchain security company, is the vulnerability assessment partner. The event is covered by dozens of leading media outlets around the world.
Currently, security is the lifeblood of blockchain companies, whether it is Smart Contract Code Auditing, Node Hardening, or Penetration Testing. In particular, given the “tamper-proof” feature of smart contracts, the bugs that are inevitable in the codes are easily exploited by hackers. Since the blockchain network is decentralized, a single security vulnerability on a blockchain node may cause thousands of nodes to be attacked.
In recent years, there have been quite a few security incidents in the news, causing huge asset losses and extremely negative impact. These incidents concern all aspects of the blockchain industry, including exchanges, mining pools, wallets, smart contracts, etc. Among them, exchanges, investment wallets and other platforms which are close to users have become a focal point with frequent security incidents. It is obvious that the vulnerabilities are undermining the safety of hundreds of millions of digital assets, posing a daunting threat and challenge to the entire blockchain security ecosystem.
The decentralized vulnerability platform (DVP) was developed to solve this issue. Connecting blockchain companies, security companies and white hat hackers from all over the world, the platform aims to use blockchain technology to create anonymized security community scenarios and the consensus that decentralization and vulnerability are mining. Decentralization means that white hats and security engineers around the world can get involved in finding vulnerabilities, and this service is accessible to every blockchain company on the planet. Vulnerability mining represents an automated reward payment system for blockchain companies and white hats. Companies are required to specify the assets converge to be audited and the reward criteria, and stake the deposits into the contract. White hats can submit information about blockchain-related vulnerabilities and threats, and check the vulnerability review and claim progress at any time. They will be rewarded accordingly once their information are adopted.
aelf has officially entered into partnership with DVP. As the co-organizer of the aelf hacker bounty phase 2, DVP will continue to ensure aelf’s security and help it build a better blockchain ecosystem. This hacker bounty has also drawn the attention of many hackers, white hats, and security enthusiasts.
aelf invited hackers and white hats worldwide to participate in the bounty program is to verify the security of the Cross-Chain Transfer Protocol (CCTP) and lock-in contracts, thus ensuring the security of users’ information and assets, and enhancing vulnerability early warning and emergency response mechanisms. At the same time, the program helps users fully understand the mechanism of cross-chain transfer and helps us receive feedback from the community, so that we can continue to optimize the underlying technology, and build a more secure blockchain network ecosystem.
On July 27, aelf has generated the Merkle Tree according to the Merkle Proof process. Now users can obtain the required data on Merkle Proof and enable the swapping function after recording the Merkle tree root data (the root hash value of the Merkle tree) on the aelf network, the swapping feature can be start. At present, there is nearly a week before the end of hacker bounty program. Do not miss it, hackers!
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Hacker Bounty AMA Recap
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Last Friday ( July 31, 2020), aelf hosted an AMA about hacker bounty and CCTP on Twitter, featuring aelf’s dev advocate, Ace. Below is a transcript of the questions and answers.
Q1: Why aelf Committed to Establishing a Unified Cross-Chain Protocol? And what does it take for increased use-cases and value of your Cross-Chain protocol?
Ace: The protocol is a standard for various user cases, business and scenarios, and with it, aelf can build the whole ecosystem based on the standard, mitigating the cost of designing different cross-chain methods in face of different type of scenarios. We will try to develop more and more popular and real-problem solving dapps on aelf blockchain, better develop many dapps of different type of scenarios.
Q2: What is the uniqueness and what is the purpose of the CCTP protocol, what problems does it solve and what is it applicable to?
Ace: It can support any kind of cross-chain asset transferring services whether the chains are mutually compatible or not. It can be used to transfer money value between different chains, transfer asset between these chains, and prove if an asset’s ownership exists. We can use it to any scenarios described above, for example some financial business
Q3: How does protocol achieves cross-chain transfers between independent blockchain systems?
Ace:: aelf use merkle proof to ensure the elf erc20 token is really locked and transfer equal value of elf token to the same user on aelf blockchain.
Q4: Whether the standard protocol of cross chain transfer of aelf has been attacked and destroyed in this hacker reward offering activity, and will it also be used in the main network mapping? I’m still looking forward to it.
Ace: Till now no one could ever do that, and the CCTP is absolute used for mainnet, otherwise all we have done would make no sense.
Q5: What is the main difference between aelf’s CCTP and other projects multi-chain protocol?
Ace: We use purely smart contracts to achieve this, all of these are on smart contract level. and in these contracts, we use index and merkle proof to relate contracts on two chains
Q6: What blockchains will CCTP first support?
Ace: As you see, we have supported the ETH, and any developer can use any other blockchain projects’s code to create more cross-chain functions with aelf.
Q7: Does team any partnerships or collaborations with other blockchains to use CCTP?
Ace: We don’t need such cooperation. CCTP, as a open-source protocol,is implemented by smart contracts, if another blockchain projects support smart contracts, they are all in CCTP’s territory.
Q8: BTC Relay belongs to the early side chain technology. Link the ETH network to the BTC network to enable users to verify BTC transactions on the ETH. When will ELF be able to conduct ETH and BTC network cross-chain transactions?
Ace: We will do this in nearly future.
Q9: Polkadot USES relay-chain technology, but at present it is mainly ETH. How is THE CCTP of aelf different from it?
Ace: We don’t need any relay-chain, we use smart contract to do cross-chain transferring.
Q10: What are the advantages?
Ace: We have own parallel execution mechanism, so we don’t need some parachain. Then we don’t need additional middle-layer chain. And we can do cross-chain with any other blockchain not only ETH.
Q11: When will a true AELF network cross chain be achieved without the ETH network?
Ace: We will always communicate with ETH to make data in both chains flowing between each other, we are not dependent on Ether. So at the very beginning aelf can operate normally without other chain’s aid.
Q12: Other public chain projects also have cross chain technology. What are the advantages of aelf wide face transfer standard protocol?
Ace: There are lots of projects using a middle man, which is centralized or partially centralized, but aelf cross-chain designation don’t rely on any middle-man of this type, we just need to build smart contracts on both chains and can easily achieve that, phew!
Q13: What applications will aelf cross chain technology have in the future?
Ace: Any application concerning about trust and decentralized need, because aelf is a fundamental platform and infrastructure.
Q14: Can you only transfer assets across chains?
Ace: We can transfer assets both cross-chain and in our own chain.
Q15: When will the Demo of aelf cross-chain asset trading be landed and announced to the community?
Ace: We are still planning and will broadcast the release date in the future.
Q16: Have you currently formed alliances with other projects to start implementing the CCTP protocol? If yes, in which projects is this protocol currently being used?
A16: We don’t need such cooperation. CCTP, as a open-source protocol, is implemented by smart contracts, if another blockchain projects support smart contracts, they are all in CCTP’s territory.
Q17: How will you handle the waiting times for confirmation of each transfer, is it possible that with the cross chain it will be faster or on the contrary it will be slower but safer?
Ace: That is partially related to the confirmation duration on other blockchain interoperate with aelf, say, Ether, if Ether do not accelerate its confirmation time, we could not be much faster although we optimize the speed of this on aelf blockchain, but of course, it is much safer.
Q18: Will the cross-chain you want to work with allow for effective cross-platform transactions or is there a risk that user assets will be lost?
Ace: As long as the counterpart chain support smart contract, especially token contract, the CCTP is really effective and extremely secure once the ownership is relayed on aelf chain.
Q19: Is any more powerful security system better then CCTP in the present blockchain system?
Ace: Our focus and understanding are different. We are exploring for this industry, and our technology is already the top of the industry.
Q20: What is the difference between CCTP and PoW or PoS? Why is the CCTP protocol so much more secure?
Ace: They have no correlation with each other, the CCTP are in essence smart contracts working together, and PoS and PoW are economically incentivising consensus to keep the whole distribution system behave the same.
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One Year after the Public Chain Takeoff, the New Era of Blockchain 3.0 has Arrived
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Everyone said that 2019 is the year public blockchains took off, and 2020 will be the first year blockchain began to achieve business adoption. Although the coronavirus pandemic continues to wreak havoc on all walks of life worldwide, the blockchain industry is making great strides forward.
In just a few years, the blockchain sector has developed from 1.0 to 3.0, and each upgrade has brought about some changes in the world. As we all know, blockchain 1.0 generally refers to cryptocurrency centered around Bitcoin. Blockchain 2.0 is public chains represented by Ethereum, which can develop smart contracts. In the era of blockchain 3.0, people think that thousands of blockchains can coexist and interoperate.
In the past two years, people have had high expectations of many public chains. However, some of the so-called “blockchain 3.0” projects have either shown slow progress or failed to live up to the expectations after their mainnet went live. People then began to expect to see a killer DApp achieving wide adoption of blockchain. At the same time, as the underlying technology for blockchain connectivity, multi-chain structure and cross-chain technology have become an important part of ‘blockchain 3.0’.
aelf and other Web 3.0 projects can be seen as the underlying technology providers for the Internet of Value. On the aelf blockchain, whether it is valuable information or digital currency, everything can be connected and shared, which is where the magic of cross-chain technology lies.
If the consensus mechanism is the core competitiveness of blockchain, then the cross-chain technology is the key to realizing the Internet of Value for blockchain, particularly for alliance chains and private chains. It is the key to preventing different blockchains from being isolated islands and serves as a bridge connecting blockchain and the outside world.
Cross-chain technology is designed to prevent blockchain from being isolated islands of data
At present, although these public chain projects have seen their performance improved, none of them is able to build the much-anticipated “underlying blockchain highway’ singlehandedly. In particular, driven by the prevailing view that each public chain should be an independent ecosystem, public chains today have become isolated islands of data with different architectures incompatible systems, which poses real difficulty to DApp developers.
The cross-chain technology, as the name suggests, is aimed to realize asset circulation, information exchange and application collaboration between different blockchain platforms. It can be likened to a bridge linking different public chains, which can help realize data transmission between different blockchain networks and greatly reduce transmission costs.
It is obvious that the demand for cross-chain technology is very urgent in today’s blockchain world.
Cross-chain communication can be divided into homogeneous and heterogeneous cross-chain according to different underlying blockchain technology platforms. Cross-chain interaction between homogeneous chains is simple, since their security mechanisms, consensus algorithms, network topology, block generation verification logic are consistent. Cross-chain interaction between heterogeneous chains is quite different. For example, Bitcoin uses PoW algorithm while the alliance chain Fabric uses traditional deterministic consensus algorithm, and its block form and deterministic guarantee mechanism are very different. Since designing a direct cross-chain communication mechanism is not easy, cross-chain interaction between heterogeneous chains generally requires third-party services.
aelf is doubling down on heterogeneous cross-chain research
At present, cross-chain technology mainly includes notary schemes, hash-locking, side chains or relays, and distributed private key control. aelf uses the side chain or relay scheme.
aelf’s cross-chain logic is ‘main chain + side chain’, with an emphasis on ‘one chain, one scenario’, where each side chain can be a scenario, such as a DApp, or a DeFi app. aelf’s cross-chain architecture is centered around the main chain.
In the cross-chain process, aelf achieves intercommunication between different chains via indexing. An index is the transfer of data from one chain to another in a defined structure. The cross-chain index has two steps: parent chain indexing child chain and child chain indexing parent chain.
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* The parent chain requests data from the child-chain and the data are then sent from the child chain to the parent chain.
* The parent chain processes all the child chain’s index data, generating a Merkle tree, and stores it on the chain. The child chain block has been indexed by the parent chain, and must wait for the data to be confirmed by the network.
The above steps include the whole process of the parent chain indexing the child chain’s block and the child chain re-indexing the parent chain’s block. It’s worth noting that only irreversible blocks can be indexed by other chains.
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As a result, aelf does not need a Hub or a relay chain and is more of a decentralized cross-chain model. This is because communication between different chains does not necessarily require the permission of the aelf’s only main chain each time. The multi-layer child chains under the side chain can also communicate with each other with the index of the upper-layer parent chain and without the main chain getting involved.
On the premise of decentralization, aelf established that only confirmed blocks can be indexed, because only irreversible data can be trusted to ensure the network’s security. aelf also has its own solution for communicating with the Ethereum ecosystem, which can be interfaced with the Ethereum and other blockchain systems via adapters, making it compatible with existing mainstream ecosystems.
It can be seen that aelf has done a great job in homogeneous cross-chain technology, whereas some public chain projects have yet to pull it off. aelf has also begun to develop heterogeneous cross-chain technology, which will allow external chains such as Bitcoin and Ethereum to lock tokens into smart contracts and generate ccorresponding tokens on the aelf chain through contracts to achieve cross-chain communication. It is clear that aelf has taken the lead in cross-chain development.
While it’s still too early to talk about blockchain 3.0 and most projects are still trying to figure out where the underlying technologies are heading, solving the scalability issue public chains are facing today through the cross-chain technology has become the general trend. Cross-chain technology can realize communication between different chains, greatly improve blockchain’s ability to transfer value, and promote the development of IoT and cloud computing. On the other hand, without cross-chain technology, all kinds of blockchain platforms information will just be isolated islands of data, putting a significant limit on the applications of blockchain platforms.
We believe that the cross-chain mechanisms will greatly increase the value of blockchain and usher in a new era of blockchain development. With strong technical prowess and the ability to achieve commercial application, aelf will continue to explore the cross chain technology and provide strong technical support for the rapid and steady development of the industry!
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aelf is proud to play a leading role in the review of IEEEorg 's Digital Asset Identification standards for blockchain, with our CEO Haobo Ma being Chair of the DAIWG (Digital Asset Identification Working Group).
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aelf Hacker Bounty phase 2 has concluded and no one was able to hack CCTP! The security of the CCTP (Cross-Chain Transfer Protocol) has been proven impenetrable. 💪💪
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What is the CCTP?
CCTP is Cross-Chain Transfer Protocol.
☑️Solve cross-chain issues, such as usability, scalability & security.
☑️Realize cross-chain transfer between incompatible & independent blockchain systems.
☑️Support asset transfer between different blockchain systems.
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✏️Sign up for the aelf Hacker Bounty Writing Contest. Let's see how good you are at #blogging. Ledger
💰Win a prize of up to 888 ELF = 88 USD
⏰7th August - 16th August
You have 9 days to sign up & submit your articles.
✅ Topic: The Future of aelf Cross-Chain Transfer Protocol
1️⃣ You can submit more than one article, but the content must be original.
2️⃣ Explain your understanding of the CCTP or its role in blockchain security & future application in aelf-eco.
💥How to Submit:
1️⃣ Publish your article(s) on at least 2 platforms, for example, tech blogs, forums, Medium, Twitter, etc.
2️⃣ Submit this form with the article link: : https://docs.google.com/forms/d/e/1FAIpQLSeHs34I9iQr41F9oKnIQfKMmmp28M0EWZ0HwBvRkFPceZqShA/viewform?usp=sf_link
⚠️ We will review all submissions & announce the winners at the end of the event.
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A Beginner’s Guide to Understanding the aelf WhitePaper (Part 1)
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What is a blockchain?
In the Bingo game DApp demo, we’ve already talked about the aelf real random number generator, which can generate unpredictable random numbers between 0 and 255, making it a useful tool. The interaction logic of this DApp’s backend is very much the same as that of blockchain smart contract. But this DApp is so simple that it doesn’t really show what aelf is capable of. In fact, aelf’s got an awful lot more in its arsenal. When it comes to supporting enterprise-level applications, this is where aelf comes in. For someone who is new to aelf, the best way to aquaint yourself with aelf’s technology is to read the aelf technical whitepaper.
If you have read the whitepaper of some blockchain projects, you might find them difficult to understand or even make no sense. As a result, readers (not speculators) are often at a loss as to what these projects are trying to do. Unfortunately, many projects often assume their readers are all experts and can understand the whitepapers with no difficulty. In reality, most blockchain projects are much more complex than Bitcoin. Therefore, if readers only know how Bitcoin works, they still cannot understand these projects’ whitepapers. If you want to draw potential developers to your platform, it is necessary to provide a beginner’s guide to understanding your whitepaper.
That’s why we have prepared this guide. But before reading this guide, you can quickly go through our website, read our slogan, watch the promo video on the homepage, download the whitepaper and before long, you may find something you cannot understand. Don’t worry, let’s start with aelf’s slogan:
Aelf, a Decentralized Cloud Computing Blockchain Network
Cloud computing is the most fundamental feature driving the entire aelf blockchain ecosystem. Running data intensive computation on multiple computers is obviously more cost-effective than on one mainframe computer. Suppose these computers are assembled in a huge building called data center, say thousands of computers, with professional maintenance by a company, say, Amazon, then these data centers are called a cloud, such as Amazon Web Services (AWS).
Having said that, it is still hard for a beginner to understand why cloud computing gives aelf an indispensable edge. This is because most people, including some in the blockchain sector, don’t have a sound knowledge of some of blockchain’s key concepts. As a result, it is difficult for them to move on to the more complex technology, let alone analyze the pros and cons of a blockchain project and its potentials. As far as I know, I think it is necessary to set the record straight on two important blockchain concepts.
What is a blockchain?
This is nonsense! We all know blockchain is a tamper-proof distributed ledger or database technology, as any professional would explain to you. You most probably have memorized this definition by heart and would rattle it off whenever someone asks you what blockchain is. The truth is, this definition is very misleading. Blockchain is not a new invention, nor does it have any magical features (for example: the magical tamper-proof feature). In this sense, it is different from the magical stuff in an alchemist’s furnace. Instead of viewing blockchain as a ledger or database, it is better to see it as a distributed system. So what is a distributed system?
A distributed system is a large number of interconnected computers, which makes it a peer-to-peer system. It was invented around 1960, long before the advent of Internet. There are already a lot of well-known distributed-system-based softwares, such as Bit-torrent and Netflix. In these softwares, people can upload the files on their computers to the P2P network and anyone can download them. But a distributed system can do much more. In the distributed system discipline, people have to solve a big problem, that is, everyone (every node) in the P2P network need to make an unanimous decision no matter what information they receive, and this unanimous decision is what we call a consensus, and this problem is called the Byzantine General Problem.
Say there are three Byzantine generals wanting to attack the same fortress, and they are at three different locations, they could only rely on couriers to send messages. In this situation, any general can only make a decision based on the other two generals’ messages. If one general wants to attack, he let couriers send the “attack” message to the other two generals, so do the other two generals. If the generals are all loyal, each of them should receive “attack, attack” coming from other two generals, and all three generals would attack the fortress. But if one of them is a traitor, he could send one general “attack” and send the other “retreat”, this other general will receive “attack, retreat”, if he follows majority rule, he will not make a decision because the votes on attack and retreat are the same. At the same time, the other general will attack, and the result is that these three generals will not reach a consensus on attack.
The generals are just like the nodes of a distributed system (i.e. blockchain). There are at least two points worth noting: first, all massages (transactions), have to be sent to the other generals (nodes) to keep them informed; second, all the nodes have to reach a consensus.
The first point means that it takes time for sending a message to all the nodes in a huge network, the second means that after a new block has been broadcast to the entire network, there should be a mechanism for all the nodes to agree on this block (a package of messages or logs), and it also takes time.
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A Beginner’s Guide to Understanding the aelf WhitePaper (Part 2)
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If you have read the whitepaper of some blockchain projects, you might find them difficult to understand or even make no sense. As a result, readers (not speculators) are often at a loss as to what these projects are trying to do. Unfortunately, many projects often assume their readers are all experts and can understand the whitepapers with no difficulty. In reality, most blockchain projects are much more complex than Bitcoin. Therefore, if readers only know how Bitcoin works, they still cannot understand these projects’ whitepapers. If you want to draw potential developers to your platform, it is necessary to provide a beginner’s guide to understanding your whitepaper.
Yesterday we talked about what is the blockchain, today we would like to introduce the smart contract.
What is a smart contract?
The definition of smart contract in many books, articles and videos is very misleading from a developer’s point of view. They often explain that smart contract is a new generation of legal contract, deed, or proof of ownership, etc., and since they is code-based, smart contracts are highly intelligent. But this definition is only for those working in finance or other sectors who do not know computer science and coding. They need only to know that smart contract is very powerful, and that’s enough (in some sense, this is all very well). But what is smart contract exactly?
In fact, smart contract is neither smart nor is it a contract, it is just a string of code. So why do people call it smart contract rather than a more intuitive name? That’s because it has been called smart contract all along, and programmers are too lazy to change the name. Smart contracts, like Python or Java codes, are written in a high-level language, and compiled into bytecode to be run as opcode on a virtual machine. You might already know things like JVM and Python-VM, or EVM on the Ethereum blockchain. For the aelf project, smart contracts are written in C#, and they are run on the .NET framework after being compiled.
Calling the execution of a smart contract is in some sense similar to making an http request: In a traditional requesting process, you type in a URL to tell the remote server to send you back some data (html, css, javascripts, etc.), or tell the server to execute some server-side programs which could be written in Java to change some states of the server. The same is true for smart contracts. Just like a request, we send a transaction to the target contract address, whether it costs cryptocurrency or not. When the contract receives the calling request from the transaction, it will execute some specific functions in the smart contract code, depending on the parameters in your transaction. If there is enough gas, the executing result will change this smart contract’s state, send you the data of the result, or send you cryptocurrency.
However, in comparison to the instant response from a remote server after an http request, the execution of a smart contract will take some time after you send a transaction. As I have mentioned in the Bingo game article, when you send a transaction, the transaction will be broadcast to as many nodes as possible, and every mining node will include it into its candidate block. After a while, when one mining node produces a new block, it will broadcast this block to other nodes, of course, this block is confirmed. This process will take some time, and for most real applications only producing one new block cannot guarantee the safety and validity of the transaction, so more blocks should be concatenated consecutively after this block. On the aelf blockchain, at least 8 new blocks should be generated after the production of the block containing the transaction. Of course, if one block containing this transaction is finally packaged by a mining node, when satisfying a certain consensus condition, the target smart contract is then executed on a full node (full node can be a mining node, or vice versa). But with more and more blocks being generated after this block, it will be virtually impossible to tamper with the execution result of this smart contract by forking to another chain.
In the Bingo game example, the “bet” button is such a method in our smart contract. When we place a bet, a transaction is sent to the contract. After one block is packaged, the method is executed and thus the contract will know how much you want to bet. In order to let the contract know your bet amount and to avoid anyone tampering with your bet amount, you have to wait until 8 subsequent new blocks are produced. So how long does it take? As is shown in the last article or in the demo video, it takes about 30 seconds. In fact, no one knows exactly how long does it take to generate 8 blocks, but we know that after 30s more than 8 blocks must have been already produced.
Having explained these two basic concepts, it is much easier to understand any blockchain projects, including aelf. No matter how sophisticated the technologies a blockchain project applies, they will all be based on these two concepts.
In the next article, we will dive into the aelf blockchain whitepaper to demystify all the important features of this enterprise-level project! To be continued.
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The launch of BancorV2 has generated lots of buzz in the last few days.
aelf Resource Token is based on Bancor, which ensures the instant exchange between resource token and ELF.
In the future, aelf will also launch its own DEX and build a decentralized lending platform.
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A breakdown of the aelf blockchain whitepaper — Part 1
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Why cloud computing is a must
We have already mentioned that cloud computing is a key feature. For Bingo Game, the aelf team only deployed 2 simple smart contracts (compile a C# file into intermediate code and upload it onto the aelf blockchain by creating a transaction with a special contract). Anyone can compile C# contracts and deploy them on the blockchain so that other people can invoke the contract to do whatever they want, say, developing a DApp. If only a few people are using the aelf blockchain, then it does not really matter. However, for any enterprise-level scenarios, this blockchain architecture is a recipe for disaster, just think of the torrent of data flowing in a supply chain. Under such circumstances, the number of deployed contracts will be in the MILLIONS, and if they are invoked by a lot of people, the transactions and contract code executions can easily soar to BILLIONS! As mentioned, a full node or mining node (also “block producer”) executes contract opcode under the dotnet framework, if we give millions of contracts for this node to execute, it will take so long a time that no application can handle. Try to imagine if there are 2,500,000 contracts queuing up to be executed by a single computer before your contract is executed, it would be so frustrating! For a common blockchain, this is called “network congestion”.
It is therefore easy to see why a cloud computing solution comes in handy. Instead of using a run-of-the-mill computer as a full node, why not use a super-computer?
Why not run in parallel?
In addition to cloud computing, nodes can also run smart contract code in parallel on the aelf blockchain. Before aelf, smart contracts on all blockchains are executed in a single-threaded way, like the event loop of the Javascript engine. But the aelf team, excelling at C#, found that the C# infrastructure can support parallel execution, so they applied this feature to the design of the aelf blockchain architecture. Combined with some designing patterns, the aelf team finally designed this mechanism, ushering in a new era of blockchain nodes with parallel execution.
For example, suppose there are 1,000 tasks to be executed (transactions or contracts), the aelf system will first check if these tasks change the same value simultaneously, if they do, then they will be executed in sequence because we don’t want these tasks to conflict with one another during parallel execution. If they don’t, then these non-conflicting tasks can be executed in parallel where they are divided into several groups according to whether they conflict with each other. So the result will be, say, 4 groups: [200 tasks, 300 tasks, 250 tasks, 250 tasks], and the overall execution speed will roughly be 4 times faster.
Just like Marvel superheroes assembled together to fight Thanos, aelf combined cloud computing and parallel processing to make sure any enterprise-level use cases have a seamless experience. Now let’s dive deeper into the technical stuff..
Delegated Proof of Stake (DPoS) and aelf Delegated Proof of Stake (AEDPoS)
As mentioned in “What is a blockchain” in the last article, in a distributed system, it always takes time for a transaction or a block to be broadcast to every node when there is a large number of nodes involved. We know that in the Bitcoin system, only mining nodes are responsible for producing new blocks, so why not reduce the number of mining nodes as much as possible? As a result, the Delegate Proof of Stake(DPoS) consensus mechanism came along. Proof of Stake is a variety of consensus algorithms that use something (for example, the token amount) as stake to package new blocks, the higher the stake, the likelier this new block will be confirmed. In DPoS, there aren’t so many mining nodes (strictly speaking, there is no mining concept in PoS, rather, they are called validating nodes), because we simply delegate a very few validation nodes to produce blocks and broadcast them to other delegated nodes. Clearly, DPoS solved the problem of long broadcast time in the blockchain distributed system. However, since there are only a few validating nodes at play, how can we prevent these nodes from plotting with each other to manipulate the whole chain and undermine the decentralized principle? That’s why all types of DPoS have a strict voting mechanism to ensure these elected delegates act fairly and transparently.
In fact, DPoS stems from the EOS blockchain project. In DPoS’s design, there are at least three types of nodes: block producer (BP, or less strictly, mining node), candidate node and common node. The candidate node is a block producer (BP) candidate who applies for the role via a smart contract. Theoretically, any common node with sufficient computing power (in aelf, we recommend a computer with at least a 8-core CPU, 8GB of RAM and 500GB SSD) can be a candidate node. In practice, only a small fraction of them can be real BP through voting by other common nodes. On the financial side, a typical blockchain project which chose DPoS as its consensus mechanism always rewards nodes with some tokens if they vote for candidates, thus encouraging participation. The voting mechanism is essentially a smart contract with voting methods that request voting node’s address, who it votes for and how many tokens they want to stake (the higher the stake, the greater the vote weight). In aelf, we don’t know how many common nodes can become candidate nodes, but only the 17 candidate nodes with the most votes can become a BP.
With some special techniques, aelf has upgraded DPoS to the unique AEDPoS (aelf DPoS). The creators have drafted a specific suite of round-based block production mechanism. If you look this up in the whitepaper you’ll see lots of mathematical expressions, but don’t worry, the core concept behind it is quite simple and straightforward.
Before explaining, let me remind you of two things: First, the real random number generation method (we’ll talk about this in details in the next articles). This method can not only generate a random number, but also shuffle a collection (say, a list), which makes the process impossible to be predicted, manipulated and plotted. Second, the Byzantine General Problem. Let’s have a quick recap of this problem: formally proposed by Lamport et. al in 1982, the Byzantine General Problem imagines a three-generals scenario, as was mentioned in the last article, if anyone of the three is a traitor who wants to alter the message, it is impossible for the three of them (the whole system) to reach consensus. Based on this observation, Lamport deduced that in the case of 3n nodes (n is a countable number) in the system, if there are at least n nodes who are traitors, the whole system can never reach a consensus. So in many other articles, you can always see the following statement:
If there are f evil nodes, there should be at least 3f+1 nodes for the distributed system to be useful.
In aelf’s DPoS, if the aelf main/test net is launched, the default setting is 2N+1 BPs, in the first year N=8, and N increases by 1 every year. There are 17 BPs at the very beginning. If 13 (no more than 5 BPs corrupt the network) of them behave normally, all the BPs will finally reach a consensus. Under this condition, aelf defines a round in which every BP packages blocks sequentially, and after that, aelf randomly picks a BP to package blocks. After this round, we shuffle the BP list, and repeat this process. The key is that the block production sequence is random enough to prevent BPs from plotting with each other. Of course, there are other designs involved, but we don’t need to know them to understand how AEDPoS works.
Like common DPoS, the BP list is always changing based on their votes. A common node can vote for BPs and candidates at any time (the aelf blockchain now supports this feature), and the aelf system will check the ranking every month, those who are at the bottom will be replaced by candidate nodes with higher rankings.
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📢🔥 ATTENTION, please!
aelf Wallet is now available on Android and iOS!
Click the link 🔗 to download and try it out!
Android: http://d.alphaqr.com/aelfwalletandroid
IOS: https://testflight.apple.com/join/TclFysmO
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A breakdown of the aelf blockchain whitepaper — Part 2
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Breaking down the aelf side-chain
Cloud computing, parallel processing, and AEDPoS have greatly improved the execution performance of any kind of smart contract, but when they are applied to enterprise-level scenarios, new problems crop up. To begin with, in software design, it is a rather bad idea to program all the methods in the same class. We always write a series of classes to inherit a base class, in order to decouple the functionalities and make the class extensible whenever needed. The same also applies to blockchain design. Second, since all the data and transactions are accessible to anyone through a blockchain explorer, if we put the smart contract and data of different enterprises or government sectors on a single blockchain, then everyone can see them, which means there will be no data privacy. Although there are encryption techniques which can mask data, such as zero knowledge proof, it is always better to put the data of different enterprises on different blockchains.
Based on these considerations, long before other projects even realized it, aelf proposed that side-chain technology should be applied to this scenario. Unfortunately, for someone who is new to blockchain, it is almost impossible to understand how side-chain works. Side-chain is not what it literally means, it is not subordinate to the main chain. On the contrary, a side chain is a blockchain distributed system with the same functions and nodes as a main chain (say, the aelf blockchain). As mentioned above, we can put the data of different enterprises on different blockchains. This means we can build many blockchains, and work magic (of course not magic in its literal sense) to make these chains connect to the aelf main chain (in fact, we can call any of these blockchains a main chain and the rest side chains). Currently, the most popular method of connecting any two blockchains, which we also call cross-chain, is using a middle-man. When we want to use bitcoin to play a decentralized game on Ethereum, we need to send a transaction with some amount of bitcoin to a locking bitcoin address, then the middle-man will exchange the locked BTC for ETH at a certain exchange rate and allocate to you the equivalent amount of ETH on Ethereum, which you can use for playing games.
But in aelf, we use a metadata indexing method, which is more straightforward. Unlike other projects who built on the blockchains of those already successful projects (such as Ethereum or the HyperLedger fabric framework for consortium blockchains), the aelf team has writen all the code and build the infrastructure from scratch. From the beginning, the aelf team has defined how the data structure of a blockchain, a block, a transaction etc. should look like in C#. In an aelf blockchain data structure, there is an attribute called blockchain ID, which is a unique hash; and in block data structure, there are several attributes called blockchain ID , Merkle tree root and related side chain block list. There is also one more important thing: all of aelf’s data structures are serialized and stored in Redis (a popular key-value pair database system), so is the side chain information. As a result, as the aelf main chain is growing with block production by BPs, other side chains can send transactions to cross-chain contracts, which then execute the related code to connect to the main chain’s network port and request the main chain to index the side chain block and pay the indexing fee.
The core issue here is how to index a side chain: when a main chain (the block data structure on the main chain, or the data records with main chain ID in Redis), receives a request from a side chain, it adds the side chain’s block head data structure to the related side chain block list, which means theoretically we have indexed or related a side chain. We have mentioned that there is also a blockchain ID in each block, this attribute allows a main chain to index blocks from different side chains. When a user on a main chain wants to access data on a side chain or vise versa, they just need to find the target block on the main chain and its related side chain block list, and then find the target block on the side chain via key indexing.
As we will explain later, blockchains for different application scenarios generate blocks at different speeds. Under such circumstances, a chain with slower speed might index many blocks from a chain that produces blocks faster. This method can be applied to scenarios such as forking.
In practice, we can build any number of blockchains, and relate it via indexing to the aelf main chain, with a specific category of smart contracts running on each of them. For example, we can allow only banking-related smart contracts deployed on a specific blockchain, and e-commerce smart contracts on another. Our whitepaper summarizes it best:
One chain, one contract.
Moreover, the indexing method can make many blockchains into a hierarchical tree structure, the root being the so-called main chain. That’s because a related blockchain can then again index another blockchain as its side chain, and the process can keep going on. Logically, this is in perfect accordance with hierarchical taxonomy, for example, the financial sector has many subcategories, such as banking, lending, investment and insurance, and under investment banking, there are venture capital, investment bank etc… Each subcategory is supported by an indexed blockchain.
So how do these blockchains collaborate in a distributed system? First we need to be know that any node in a distributed system is just a software instance running on your computer, or a process. In TCP/IP, a node is allocated a port number, so we can run any number of this type of instances on a computer. However, each instance has its own port number: we can run several blockchain nodes, one IPFS node, one bit-torrent node and etc. simultaneously. In aelf, you should first start a main chain instance, and then you can build and run a side chain instance. Transactions broadcast on the side chain are collected by the BP nodes (block production nodes) on the main chain. When smart contracts deployed on the side chain is triggered, the BP and full nodes on the main chain will run them.
Aelf — a blockchain based operating system
To perfect the design of our software system, aelf made the system extensible, flexible and pluggable. Just as there are thousands of Linux OS with only one Linux kernel. As Ethereum Founder Vitalik Buterin has explained, Ethereum can be seen as a world computer because there are lots of smart contracts running on it, and the contract execution results are consistent in all the distributed systems around the world. This idea is also embedded in aelf’s system and we call it a “blockchain infrastructure operating system”, or a distributed operating system.
Just like any OS, aelf has a kernel and a shell. In fact, aelf’s kernel is not something like a Linux kernel, it is just an analogy. There is a special concept in aelf’s kernel called the minimum viable blockchain system, which defines the most fundamental aspect of a blockchain. If a developer wants to create a new blockchain system or a new blockchain project, he does’t have to start from scratch, instead, he can directly extend and customize using the aelf blockchain open-source code. The technologies described above are all included in the minimum viable blockchain system. With these, anyone can customize:
- Block property: block data structure, block packaging speed, transaction data structure, etc.
- Consensus type: AEDPoS is used by default, but you can also use incentive consensus, like PoW and PoS. And you can also use the consensus of traditional distributed systems, like PoS and Practical Byzantine Fault Tolerance, or PBFT. In fact, the f evil nodes of 3f+1 nodes are the upper limit for any distributed system to reach a consensus, which is called the Byzantine Fault Tolerance, or BFT. In order to do this, there is a specific algorithm, but in 1999, a much more efficient algorithm to reach this consensus came along, that is the PBFT. In scenarios like private blockchain or consortium blockchain where there is no need for a incentive model, PBFT will be a good option.
- Smart contract collection: In aelf, there are many predefined smart contracts that can be used directly by other contracts, such as token contract, cross-chain contract (also called CCTP, or cross chain transfer protocol), consensus contract, organization voting contracts, etc. Of course, you can also create your own contract with a brand new implementation logic.
- Others.
Summary
So this is our breakdown of the aelf blockchain whitepaper. In previous articles, we first introduced two basic concepts which are often misinterpreted by other articles. After helping you get these two concepts straight, we then introduced aelf’s vast arsenal of powerful technology. If these articles helped you understand the aelf blockchain better, then I have reached my goal. But I must advise you to read the whitepaper for a more detailed explanation. With all this knowledge at your disposal, I believe you will be much more comfortable developing DApps on aelf.
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📢AMA Announcement 🔥
❗️Dear community members, aelf will hold a Live AMA with aelf COO @czhuling on Telegram https://t.me/aelfblockchain! Come and talk about DeFi with @czhuling!
Time: August 28, 5pm - 6pm (GMT + 8)
Research the aelf project and prepare some good questions!
(Users who do not follow the rules below will not be able to share out the prize pool.)
1️⃣Twitter Session (15 Questions)
2️⃣Live Session (10 Questions)
Rules :
1️⃣Join the aelf community on Telegram https://t.me/aelfblockchain
2️⃣Follow us on Twitter @aelfblockchain https://twitter.com/aelfblockchain
3️⃣Like, Retweet & Tag 3 Friends and Comment With Your Questions https://twitter.com/aelfblockchain/status/1298199934781411328
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What is AMM (automated market maker)?
AMM, short for automated market maker, is an innovative trading model derived from Defi projects. Unlike the traditional order book transaction model, AMM decentralized market makers and automated trading process.
Everyone can put token into the liquidity pool, become a small market maker, and then enjoy the profits from trading pair service fees. Funds in the liquidity pool are controlled by decentralized open source contracts, and AMM transaction data are all on the chain.
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aelf is Testing AESwap Internally
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In 2020, Ethereum’s DeFi ecosystem saw exponential growth and DEX (decentralized exchange) boomed. Against this backdrop, aelf officially launched AESwap, a decentralized trading platform.
AESwap is a smart contract protocol based on the aelf network, which adopts the constant product market maker (CPMM) model. No need for pre-mining and financing is a distinct feature of the project. Once it goes live, the product will offer free access to users around the world and help all people to participate in the open financial market. The follow-up funds will be managed by the aelf DAO Management Committee to ensure the project runs securely and efficiently.
AESwap is the first DeFi project based on the aelf network, with complete DeFi supporting infrastructure, including cross-chain assets, interoperability solutions, stablecoin, etc. AWSwap aims to be the world’s leading automatic trading platform and offer a more efficient, convenient and secure DeFi product than Uniswap. The mobile version of AESwap integrates the templates of aelf account management, which makes it easier to learn and get started and is more user-friendly.
The mobile version of AESwap (Closed Beta) has completed phase 1 of feature development and will be available for public testing soon. The desktop version is still under development. AESwap Phase 1 mainly provides two major features, one is that market makers make money by adding liquidity to trading pairs and they can also create trading pairs. The other is that token holders can exchange one token for another token by paying a 0.3% transaction fee, which will be used as the market makers’ commission. The protocol does not charge any commission.
AESwap Highlights:
Performance: Low transaction fee, fast trading without delay
Security: Self-developed based on the aelf network, High Security
User-friendly: Ease of use, available on both mobile and desktop
Profit: Achieve asset interoperability with adequate liquidity
At present, compared with many DEX, the biggest advantage of AESwap is “Transaction Speed”. Although Ethereum currently has the most popular DeFi ecosystem, it cannot handle high transaction throughput and fully support the expanding DeFi ecosystem until the Ethereum network adds layer 2 or upgrades to 2.0.
The underlying public chain of AESwap is the aelf network, so there will be no network congestion. Aelf adopts the main-side chain structure, which uses one chain for one specific scenario and thus can truly realize resource isolation, ensure transaction efficiency and avoid high gas fees. At the same time, under the premise of the main chain security, the side-chain and the main-chain can share security. Moreover, AESwap is independently developed by the aelf team, and its security is guaranteed. Recently, YAM’s collapse due to the existence of loopholes in the smart contract has caused a great stir, so contract security is also very important.
Aeswap liquidity pool uses a constant product market maker model to execute transactions, abandons the concept of limit order book, and can automatically adjust the exchange rate according to the available liquidity. Therefore, it can achieve fast trading and ensure the persistence of capital flow. Constant product can be regarded as an inverse proportional function x * y = K. No matter how x and y change, K is always a constant value. In AESwap transactions, the product of the tokens’ number in the liquidity pool is constant before and after a transaction, that is, the product before the purchase = the product after the purchase.
Because Ethereum platform has issued the largest number of cryptocurrency assets, the exchange’s value would be significantly reduced if it could not access these assets and the original ETH. aelf also takes this into account, so it will provide a set of interoperability solutions with other public chains’ tokens. AESwap will support the migration of Ethereum token. By reducing the cost of user migration, users can easily migrate to the aelf platform by using Ethereum token instead of purchasing or exchanging other aelf tokens to ensure sufficient liquidity and reduce the risk.
As the infrastructure of aelf ecosystem, AESwap is the basic tool to realize token trading. In the future, aelf will lay out other derivatives applications based on AESwap, form a stable financial system, and promote the prosperity of other APP and related token. In addition, AESwap can also be connected with other APP on aelf DeFi ecosystem to promote each other. In the future, the aelf will launch the AESwap public testing. Please stay tuned!
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📢We are thrilled to announce that AESwap Internal Testing goes live today!
The internal testing is only open to members of the saelf governed community.
⏰ 4th September - 10th September
Download AESwap🔗:
iOS: https://testflight.apple.com/join/tpHwB5t9
Android: http://d.firim.info/anaelfMarketMaker
Rules:
1️⃣Only available for members of the saelf governed community.
2️⃣Please fill in the form to collect test tokens. Apply for AESwap Test Token (https://docs.google.com/forms/d/e/1FAIpQLSfbQd1KEJQqxGXZ01dvQirN4rAg4mQ7HHl62-lSjPEkMhAlPQ/viewform?usp=sf_link)
3️⃣Share your feedback in the saelf governed community.
Once we optimise the app, the public testing will start soon.🤟
☑️AESwap does not charge any transaction fees (Gas fees). Only 0.3% commission is used for token swap. Currently, the protocol does not charge commission.
☑️Anyone can become a liquidity provider in AESwap, whoever adds liquidity to the pool can get profits from the transaction.
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Introducing Sashimi, a Fair Version of Sushi, with No Team Shares, No Pre-mine and a Cross Chain Swap Ecosystem!
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Following the release of AESwap, a decentralized trading platform and the first DeFi project on aelf network on August 28, aelf is launching SashimiSwap, its version of SushiSwap today!
What is SashimiSwap?
SashimiSwap is a new SushiSwap project developed by aelf. Like other types of swap products, it adopts the model of automatic market maker(AMM). However, SashimiSwap is not a fork of Sushiswap, thus the two do not share liquidity. Once launched, anyone can participate in staking and mining on SashimiSwap! As an “upgraded & simplified SUSHI”, SashimiSwap is very easy to get started with and offers a smooth mining experience and high yield.
SashimiSwap gives liquidity providers on UniSwap an opportunity to earn SASHIMI tokens. UniSwap’s liquidity providers can stake some of their LP tokens and start earning SASHIMI tokens at block height 10,833,000 (around 10:00 am on September 10, SGT). We use the same token allocation mechanism as Sushi, with a 10x bonus (end height 10,933,000) for the first 100,000 blocks, which means we’ll release 1,000 SASHIMI tokens in each of the first 100,000 blocks. After 100,000 blocks, each block will release 100 SASHIMI tokens.
And the most important part is…
In the early stage, the 10 liquidity pools that can participate in mining are: ETH-USDT, USDC-ETH, DAI-ETH, YFI-ETH, LEND-ETH, LINK-ETH, SNX-ETH, ELF-ETH, WBTC-ETH, SASHIMI-ETH.
Unlike SushiSwap, which distributes 10% of its funding each time to the founding team for development, future iterations, audits, etc. SashimiSwap did away with such “development funds”. SashimiSwap charges a 0.3% transaction fee, of which 0.25% will be used to reward users for adding liquidity. After the aelf mainnet is launched, the remaining 0.05% will be sent to SASHIMI DAO contract, which will all be used for community governance.
SashimiSwap is committed to creating a fairer and more transparent DEX platform. It is already connected to Uniswap and will be connected to AESwap soon. The aelf team will continue to focus on R & D, achieve asset swap between SashimiSwap and AESwap via CCTP and other ways, thus creating a permissionless and decentralized cross-chain DEX.
Aelf is committed to making SashimiSwap a fairer and more transparent DEX platform. Now we are connected to Uniswap, and we will connect it to AESwap soon. The aelf team will continue to focus on R & D, achieve asset swap between SashimiSwap and AESwap via CCTP and other ways, thus creating a permissionless and decentralized cross-chain DEX.
The mobile version of AESwap (Closed Beta) has completed phase 1 of feature development, and the internal testing is ongoing within the saelf governed community. The public testing will be available starting September 11.
What features does AESwap provide?
1. Market makers can make profit by adding liquidity to trading pairs.
2. Allow market makers to create trading pairs.
3. Users can swap one token for another.
4. Users can withdraw their shares from the liquidity pool any time.
5. Users do not need to register an account. They can log in using the account of aelf Wallet, web wallet and aelf Explorer Extensions.
Learn how to use AESwap in this video:
After the mainnet launch, SashimiSwap and AESwap will be integrated. Users can swap and stake tokens on the aelf network, which can reduce gas fees and ease the issue of network congestion on Ethereum and prevent unexpected losses.
It’s pretty exciting to see decentralized and community-governed products like SashimiSwap which require no pre-mining, no investors, and no funds for the dev team. Various new fair launch products are considered as the future trend of DAO, as well as a new form of financing.
Missed Sushi? No worries, you are in for a Sashimi treat! Try out SashimiSwap now and give us your feedback!
SashimiSwap Website: https://sashimi.cool/farms
SashimiSwap Community (Telegram): https://t.me/SashimiSwap
SashimiSwap Community (Discord): https://discord.gg/zTdmUkb
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#aelf101 Click the image to check out:
1️⃣ What is multi-signature address?
2️⃣ What is Oracle?
(https://i.ibb.co/QbcfHW1/2.jpg) (https://ibb.co/M2hs1z3)
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💥Good news! #Binance has opened BEP20 (Binance Smart Chain) deposits and withdrawals for $ELF! Check out more 👉
https://www.binance.com/en/support/announcement/ca94b7a6751b4b2b9451f7a3ceb8dbce
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aelf Enterprise v1.0.0 RC 1 Officially Released
(https://i.ibb.co/Sd6w8zp/photo-2020-10-16-13-01-14.jpg) (https://ibb.co/4YFRGHx)
On October 16th, aelf Enterprise v1.0.0 RC 1 has been launched. It is an upgraded version of aelf Enterprise V1.0.0 Preview 3, including a complete blockchain ecosystem, development suite, and developer documents for basic applications and services. aelf Enterprise v1.0.0 RC 1 has been optimized in node management, contract implementation, configuration contract, performance, scalability, and user experience. With a more comprehensive commercial blockchain solution, this version can provide a safe, stable, and efficient development environment for developers.
In addition, aelf Enterprise v1.0.0 RC 1 focuses on the user experience of developers, by making it easier to get started with. It has also added new access interfaces for developers, making it easier to use and offering a more user-friendly experience on DApp development.
aelf Enterprise v1.0.0 RC 1 is an enterprise-ready integrated blockchain solution. The ‘main chain + multi-side chain structure’, ‘cluster’ data center, parallel computing system, AEDPoS consensus, and multi-governance model can facilitate the deep integration of various applications with blockchain technology. The Public Testnet Code has been upgraded to aelf Enterprise v1.0.0 RC 1 and all functions required for Mainnet launch have been deployed. Supporting features, such as the test wallet for Android, iOS, and Testnet, in addition to the Testnet Blockchain Explorer will be upgraded at the same time.
The aelf Public Testnet has achieved all the functions planned for the Mainnet launch. Based on aelf Enterprise v1.0.0 RC 1, community users can try out the functional modules of aelf’s Mainnet right now. It is worth mentioning that the aelf Public Testnet has been running smoothly. aelf Enterprise 1.0.0 RC 1 will be the version for code auditing in near future. After the code audit is completed and the vulnerabilities found are fixed, the Mainnet will be gradually launched with this version according to Mainnet launch roadmap.
▋ aelf Enterprise v1.0.0 RC 1 System Integration
1. aelf Enterprise
- aelf v1.0.0 RC 1
- DevKit v1.0.0 RC 1
2. aelf External Applications
- aelf Blockchain Scanner v0.4.1
- aelf Scanner Mysql plugin v1.0.0 RC 1
- aelf Explorer v1.0.0 RC 1
- aelf Wallet v1.0.0 RC 1
- aelf JS SDK v3.2.34
- aelf-Bridge v0.0.9
- aelf CLI in Nodejs v0.1.43
3. aelf Browser Extension v1.1.3
▋ What’s New
1.What’s new about aelf Enterprise
1.1 aelf v1.0.0 RC 1
https://github.com/AElfProject/AElf
- Optimised node management and discovery in network layer.
- Optimized contract execution step plan.
- Configuration contract is decoupled and optimized.
- Added contract execution restriction management.
- Simplified transaction result error information of Web API.
1.2 Devkit v1.0.0 RC 1
- aelf-boilerplate: https://github.com/AElfProject/aelf-boilerplate
- Developer documentation: https://docs.aelf.io/
2.aelf External Applications Update
2.1 aelf Scanner Mysql plugin v1.0.0 RC 1
- Adjusted compatibility
2.2 aelf explorer v1.0.0 RC 1
- Fixed some bugs
- Adjusted the logic of extension login
2.3 aelf wallet v1.0.0 RC 1
- Fixed some bugs
3.aelf Browser Extension v1.1.3
- Removed redundant permission operation to make it easier for developers to get started.
- Added new unlock pop-up window to offer a more user-friendly experience on Extensions’ DApp development.
- Added new interface for developers to get new versions.
From now on, aelf will focus on analyzing exception cases based on the running of aelf Enterprise v1.0.0 RC 1. At the same time, aelf will carry out deep and systematic research on system stability, performance and security. The team will continue to explore the heterogeneous cross-chain communication and economic system designs.
aelf Enterprise v1.0.0 RC 1 is a full display of aelf’s latest technical updates and the R&D achievements of the mainnet. Mainnet preparation has been going on in accordance with the Mainnet launch Roadmap. More details will be published in the near future! Aelf will continue to strive for excellence, providing users with high-performance, stable, and reliable blockchain infrastructure.
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aelf Will Launch Mainnet on 10th December
(https://i.ibb.co/0Z02L8R/E0.jpg) (https://ibb.co/4MbtL9n)
On June 30, 2018, the aelf testnet was launched. Now it has been running smoothly for more than two years. During this period, aelf has hosted various initiatives to encourage users to participate in product testing and share with us their valuable opinions. At the same time, the aelf team has been constantly improving and enriching the technology, aiming to provide users with a high-performance, user-friendly, and reliable large-scale commercial blockchain infrastructure.
Since the release of the aelf mainnet launch roadmap, much progress has been made. Now, the aelf public testnet has achieved all the features required for the mainnet launch. The official release of aelf Enterprise 1.0.0 RC 1 and the successful conclusion of the aelf Public Testnet Code Audit Bounty Program also mean we are one step closer to the mainnet launch.
To advance the mainnet launch process, we have updated the aelf mainnet launch roadmap. According to the roadmap, our next major milestone is: launching the aelf mainnet on December 10!
Overall Roadmap
(https://i.ibb.co/mc9Yt01/E1.png) (https://ibb.co/VqghDxr)
Phase I
(https://i.ibb.co/Qnjz2FQ/E2.png) (https://ibb.co/gwFH5M9)
Phase II
(https://i.ibb.co/N7jffB4/E3.png) (https://ibb.co/6NPGGCd)
Phase III
(https://i.ibb.co/7tznJx7/E4.png) (https://ibb.co/TMT4BDz)
Phase IV
(https://i.ibb.co/FDJk4fL/E5.png) (https://ibb.co/vjmC4r6)
Phase V
(https://i.ibb.co/ZVyXjMV/E6.png) (https://ibb.co/qdbjSrd)
aelf will launch the mainnet following the steps in the above roadmap. The realization of each stage would not be possible without the strong support of the community. Let’s work together to ensure the successful launch of the aelf mainnet.