What is the mission of aelf?
To become the go-to choice for Web2 to 3
development
What is Web3?
Web3 refers to the third generation of the
internet, which emphasises decentralisation and
user empowerment. It is built on blockchain
technology and aims to create a more open,
transparent, and user-centric internet
experience. Web3 envisions a future where
individuals have greater control over their
data, digital assets, and online interactions.
It enables peer-to-peer transactions,
decentralised applications (DApps), and the use
of smart contracts to facilitate trust and
collaboration without relying on intermediaries.
How to get started on aelf?
To get started on aelf, you can follow these
steps:
1. Obtain ELF tokens: ELF is the native token of
the aelf blockchain.
2. Set up a wallet: Choose a wallet that
supports ELF tokens and provides compatibility
with the aelf blockchain such as Portkey.
3. Store your ELF tokens: Transfer the acquired
ELF tokens to your chosen wallet and ensure you
keep your wallet credentials secure.
4. Explore aelf ecosystem: Visit the aelf
website, explore their documentation, and learn
more about the features, use cases, and projects
built on the aelf blockchain.
5. Participate in aelf community: Engage with
the aelf community through their official
channels such as social media platforms, forums,
or Telegram groups. This will allow you to
connect with other users, developers, and
enthusiasts, and stay updated on the latest
developments within the aelf ecosystem.
What is ELF?
ELF is the native cryptocurrency of the aelf
blockchain. It serves as a utility token within
the aelf ecosystem, enabling various
functionalities. ELF tokens can be used to pay
for transaction fees, participate in governance,
and access services within the aelf network.
Additionally, ELF tokens can be staked to earn
rewards and participate in consensus mechanisms
on the aelf blockchain.
What is sidechain?
A sidechain is a separate blockchain that
operates alongside and interoperates with a
primary blockchain, often referred to as the
main chain or parent chain.
Sidechains allow for the transfer of assets or
data from the main chain to the sidechain and
vice versa, providing scalability, flexibility,
and specialised functionalities. Sidechains
offer several advantages, such as:
1. Scalability: By offloading some transactions
and data to sidechains, the main chain's
capacity and performance can be improved.
2. Interoperability: Sidechains can establish
interoperability with the main chain, enabling
the transfer of assets or data between chains
and facilitating cross-chain interactions.
