## What is ELF? Everything about the Aelf project



**What is the Aelf platform?**

Aelf is a highly scalable decentralized blockchain system designed to handle large transaction volumes through a multi-chain parallel architecture. Unlike traditional blockchains, Aelf is not just a simple network but also an optimized computing platform for a wide range of commercial applications.

**Three standout technologies of Aelf**

This platform develops three main features that set it apart:

First, **scalability through computing clusters**—nodes can operate across multiple computers, increasing the overall network processing capacity.

Second, **resource isolation for each smart contract**—each smart contract is treated as a "private chain," preventing one application from slowing down the entire system.

Third, **decentralized governance mechanism**—holders of ELF tokens have voting rights for important system decisions.

**What is the ELF token used for?**

The ELF token has two main functions. First, **paying system fees**—all activities on Aelf, such as deploying smart contracts, running applications, system upgrades, or cross-chain transactions, require ELF fees.

Second, **voting and governance rights**—the community uses ELF to vote on mining nodes, approve new features, and decide Aelf’s development direction. This ensures the system remains democratic and transparent.

In summary, Aelf combines high processing capacity, security, and community governance, creating a promising blockchain platform for large-scale applications.
ELF-8.23%
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