ELF aelf Rank #428

aelf is a Layer 1 blockchain network that integrates artificial intelligence into its core design and is built using the C# programming language for efficiency and scalability. Its architecture is multi-layered, incorporating modular Layer 2 ZK Rollup technology intended to deliver low-cost, high-throughput transactions while maintaining a developer-friendly environment for smart contract deployment. The project was introduced publicly in December 2017 at a CoinDesk conference and is operated by a team of Web3 professionals headquartered in Singapore. Funding was raised from institutional backers including Arrington Capital, Draper Dragon, and Galaxy Digital. A testnet launched in 2018, followed by the mainnet in 2020. ELF serves as the native token of the aelf network, where it is used to pay transaction fees, secure the chain, and support on-chain governance. The project positions itself as a smart contract platform bridging Web3 and AI applications, with a focus on the Asian market. ELF is also present within the broader Ethereum and BNB Chain ecosystems.