aelf Price (ELF)

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$0.5744-0.78%1D

Price of aelf (ELF) today

As of the latest data, aelf (ELF) is currently priced at $0.5744 with a market capitalization of $406.31M. The 24-hour trading volume stands at $18.62M, The circulating supply of aelf is approximately 726.54M. The cryptocurrency has seen a -0.78% decrease in value over the past 24 hours.

About aelf (ELF)

This asset is known as aelf, with the symbol ELF. It is a blockchain project with a focus on scalability and performance. The technology associated with aelf includes features such as side chains and a unique governance system. The asset's main use case is to provide a platform for building decentralized applications (dApps) that can scale effectively and securely.

Aelf's technology allows for high transaction throughput and customizable consensus mechanisms, making it suitable for enterprise use cases. The project also emphasizes interoperability, enabling communication between different blockchains. The asset's whitepaper provides detailed information on its technical design and vision for the future of blockchain technology.

With a strong presence on social media platforms like Twitter, aelf aims to engage with the community and keep stakeholders informed about project updates. The asset's website offers resources for developers and users interested in exploring its capabilities. Overall, aelf is positioned as a versatile blockchain solution with a focus on scalability, performance, and interoperability.

How does aelf work?

aelf (ELF) is a decentralized blockchain platform that enables peer-to-peer transactions through its underlying blockchain technology. It utilizes a unique consensus mechanism called Delegated Proof of Stake (DPoS) to achieve high scalability and efficiency. aelf is designed to be a multi-chain system, allowing for parallel processing of transactions and smart contracts, which enhances its performance and flexibility. This platform offers unique features such as customizable side chains, cross-chain communication, and self-evolving governance, making it suitable for a wide range of use cases including decentralized applications, tokenization of assets, supply chain management, and more. By leveraging its decentralized nature and innovative technology, aelf aims to revolutionize traditional financial systems by providing a secure, efficient, and transparent platform for various industries to build and deploy decentralized applications.

How to keep your aelf (ELF) safe?

To keep your aelf (ELF) safe, consider using hardware wallets like Ledger for enhanced security. These wallets store your private keys offline, making it harder for hackers to access your funds. Additionally, trusted platforms like OKX and Binance offer advanced security features such as two-factor authentication and encryption to protect your assets. By utilizing these secure options, you can safeguard your aelf tokens and trade with peace of mind.

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Frequently asked questions about aelf (ELF)