Blockchain technology is finding use cases in various sectors around the world. Scalability and extensibility are two essential factors for commercial adoption. aelf is a decentralized cloud computing blockchain network aiming to provide a multi-chain parallel-processing system with self-evolving governance and cross-chain communication.
aelf is building a blockchain infrastructure that would support the blooming field while also connecting existing ecosystems such as Bitcoin and Ethereum.
In an interview with Haobo Ma, CEO of aelf we talked about the platform, the ‘Top of Oasis’ hackathon, aelf’s ecosystem, its roadmap, and much more.
1. How does aelf establish itself as a user-friendly blockchain system?
aelf offers a one-stop solution with tough tactics that breaks the two industrial bottlenecks – performance and cross-chain function.
First, aelf Enterprise has approached 35k TPS on a single sidechain under a testing environment. And its service fee is fixed at $0.1. So, users could enjoy its high performance at a low price.
Second, aelf versatile oracle helps retrieve off-chain data and bridge the two-way communication among projects.
Third, with our development capability, we also developed different Defi projects so that our users could have a more diversified experience with us. is a blockchain network empowered by cloud computing. We innovated on our multi-level sidechain structure, enabling unlimited scalability to lead the decentralized future. We developed aelf Enterprise, aelf mainnet, aelf oracle, and diversified DeFi protocols.
2. According to you, what is the future of the Metaverse with regard to the crypto space?
Before going any further about the industry, I would like to share some of my experiences as a lifelong gamer. The emerging of decentralized games, or GameFi now, overturned a long-stabilized hierarchy between game companies and gamers. In traditional games, of any kind, game companies have the access to their users data, or properties, to a certain extent, by which the game companies are indeed manipulating their users, forcing gamers to behave in the way they want. Metaverse, however, creates a different game world that is built on true democracy.
After this, let’s walk through crypto’s involvement in the metaverse in two phases. First, in the short term, we are hoping that the actions we take in the games that belong to the Meta-universe could make some difference in the real world. I believe this is the reason that GameFi bloomed at this stage – when NFT became a widespread concept to the major popular while the public blockchains have developed advance enough to support the smooth run of Game finances without crashes. With the financial system that is built on cryptocurrencies, gamers are now able to earn real-world money by playing games. This is where we are now. And I believe we will be here for a while.
In the future, when it comes to a world like a Matrix or like Cyberpunk where everyone lives a cyber life and the game becomes the actual world you live in, then it’s the crypto world! I’m saying this not only because I’m an insider, it’s based on the fact that there’s nothing in the world that could embed transparency and privacy at the same time. And that’s the two core features that the meta-universe is built on.
3. Tell us more about the ‘Top of OASIS’ hackathon on the aelf platform?
We’ve prepared a total of $680,000 prized to stimulate the landing of outstanding projects on aelf. Apart from the grand prizes like quadratic funding worth $100,000, aelf also prepares a seed fund to promote the quick landing of GameFi projects. The seed fund worth $500k serves for the increasing demand of GameFi enthusiasts as well as aelf development vision.
So far we have received willing contacts of 60 individuals/teams from the United States of America, Singapore, Britain, Canada, China, India, Japan, Turkey, Spain, etc. And as we are seeing in the submission page, we can already see three projects that have been ready.
4. How does the aelf ecosystem plan to benefit from the hackathon? What is the vision behind it?
The Top of OASIS Hackathon supports early-stage projects and ideas from open source developer communities, allowing both community members and organizations to participate in funding developer projects and blockchain ventures. The aim of the hackathon is to enlarge while increasing the diversity of aelf developer community that will help projects grow and eventually join the aelf ecosystem.
5. What are the prizes offered by aelf for its ‘Top of OASIS’ hackathon?
As mentioned before we got the prizes pool that is worth $680,000 in total. Details could be seen in the attached picture.
6. Community engagement is an important part of a platform’s growth. Apart from the hackathon, how is aelf engaging its community of users?
We value the engagement from the community very much. There is a very profitable incentive mechanism on aelf mainnet. Since the mainnet migration, mainnet ELF holders could stake their tokens to vote for their preferred nodes that run the aelf mainnet. ELF holders can receive a weekly Citizen Welfare by staking their token assets to vote for the candidate nodes. The Citizen Welfare scales 75% of the main chain dividend pool.
7. Tell us more about what lies ahead on the aelf roadmap?
In the coming 2022, we will focus on our tech and ecology simultaneously. For the ecology, we will hold another two hackathon events, the tension of which will be even bigger than this one. As the hackathon events move on, we will start the auction of sidechains. So far we have one sharing sidechain and multiple exclusive sidechains. We will open the auctioning of the exclusive sidechains depending on the on-chain situations of aelf ecology. Technical-wise, we will upgrade multiple versions of aelf mainnet, making it more and more advanced.
For more information on aelf, please check out their official website.
Disclaimer: This is a paid post and should not be treated as news/advice.