Aelf is a blockchain-based cloud computing network that focuses on smart contracts.
Aelf will allow businesses to create and deploy smart contracts which can run on its own sidechain, providing an increased performance and scalability since projects are deployed off the main network rather than on the network. Sidechains will work in parallel to the main blockchain and interact with the main chain to validate transactions.
It was launched on 21 December 2017 by Ma Haobao, who is also the CEO of Hoopox. The team is backed by a strong advisory board which includes Michael Arrington (CEO of TechCrunch and founding partner of FGB Capital).
According to the developers, Aelf aims to unleash the blockchain’s potential into mass applications and industries. The team is focused on developing aelf to improve other chains in the ecosystem by providing a template and infrastructure for interaction between the sidechains.