Bcnex was built and established by young, ambitious tech specialists that have seen the extraordinary value blockchain brought to the world. This resulted in the creation of a promising cryptocurrency trading platform. The challenging journey has earned the team behind Bcnex the reputation of trustworthy experts in blockchain technology. The robust system, security, and the topnotch customer service advanced the platform to the status of one of the best on the leading trading markets.
Today, the aelf (ELF) token is another demonstration of how stable and secure the Bcnex platform is for both partners and users. ELF is now open for deposits with trading pairs including ELF/BTC, ELF/ETH and ELF/USDT.
- Official website: https://www.bcnex.net
- Trading pairs: ELF/BTC, ELF/ETH and ELF/USDT
- Deposit time: 09/09/2019, 16:00 (GMT+7)
- Trading time: 09/09/2019, 17:00 (GMT+7)
- Withdrawal time: 09/09/2019, 17:00 (GMT+7)
About aelf (ELF)
aelf (ELF) is an enterprise-focused blockchain platform powered by cloud computing. Leveraging cloud nodes and parallel processing, aelf is able to achieve secure transactions at scale for commercial use cases. aelf is working with the Innovation Alliance to further drive blockchain adoption. aelf aims to enhance the ecosystem by providing a template and infrastructure for interaction between various side chains.
A Blockchain Operating System
Blockchains have brought us apps, and even app platforms, but not a full-blown operating system like Windows or Linux. Now, Aelf is taking the next step in the evolution of blockchain technology by delivering an operating system designed for blockchains. The team behind the platform is looking to create the “Linux system” of the blockchain ecosystem.
How aelf Works?
The aelf team focused on two main innovations in their search to solve the problems with existing blockchain technology. The first is the creation and use of side chains, and the second is the creation of a new and unique governance system.
aelf plans on segregating smart contracts and other resources by using side chains, which will also help with scalability. Additionally, they will be using a Delegated Proof of Stake consensus method to give more flexible governance.
aelf Side Chains
aelf will have a main chain and multiple side chains for run smart contracts. The main chain acts as the backbone of the entire network and it is also able to interact with each side chain. The side chains are individually dedicated to a specific smart contract, and they cannot interact with each other. Instead, they transmit information by communicating through the main chain.
aelf’s Consensus Method
aelf doesn’t use a traditional Proof of Work or Proof of Stake consensus method because it needs to record information from a variety of side chains as well as the main chain. Instead, the network uses a Delegated Proof of Stake consensus mechanism.
Each aelf token holder can vote on which nodes will become the mining nodes. Then, the mining nodes determine how to distribute mining bonuses to all the other nodes and stakeholders, thus ensuring fairness and transparency.
aelf (ELF) Official Social Media Pages:
Telegram News: https://t.me/Bcnex_News
Telegram Community: https://t.me/Bcnex_Official