Aelf Blockchain Network Upgrades

Published on: 31.12.2022
Aelf Blockchain Network Upgrade

Aelf Blockchain Network upgrades v1.2.2 was announced. Aelf has been running steadily for months since it completed Mainnet migration in September 2021. During this period, aelf passed multiple milestones including Mainnet token swap, node election, and hackathons, and further promoted its development towards cloud-native, providing a solid foundation for its ecosystem upgrade.

This upgrade focuses on the optimization of developer experience and user experience, enhancing multiple aspects including vote transfer, contract upgrade, and deployment, transaction fee exemption, etc.

Through this released, all the production nodes and full nodes will be required to upgrade to the latest version or its mirror version.

Aelf Blockchain Launches Aelf DAO

Currently, Aelf blockchain announced that aelf DAO was founded, transforming aelf’s governance structure and future ecosystem growth towards deeper decentralization. This also marks a key milestone on Aelf’s road toward serving as an excellent one-stop solution for Web3 DApps.

The initiative to establish aelf DAO was raised by aelf’s block producers (BPs) and its hackathon participants. This DAO will be comprised of Aelf’s stakeholders. To be more specific, roles include Mainnet ELF token holders, BPs, and ecosystem projects. All these parties will complement each other, perfecting Aelf’s governance mechanism and ecosystem growth.

Furthermore, aelf is an excellent one-stop solution for Web3 DApps, built upon a cloud-native, high-performance, next-gen blockchain system. With its various infrastructures and developer tools that underpin Web3, applications in aelf ecosystem can run in a secure, fast, smooth, and cost-efficient manner.

With its well-developed infrastructures for Web3 applications like DeFi and Metaverse, aelf provides Web3 users and developers with a fast, smooth, low-cost experience, as well as lowering the bar.

Aelf is a high-performance, cloud-native, layer-1 blockchain network with its Mainnet nodes running on different cloud-computing data centers. It also provides a high-speed running environment for smart contracts. It also enables the execution of contracts in parallel and smart contract microservitization running on server clusters.

Its MainChain and multi-SideChains architecture supports efficient indexing within the network and guarantees almost unlimited scalability. Moreover, the built-in cross-chain design facilitates ultra-fast interaction of data.

The innovative hybrid of shared SideChain and exclusive SideChain greatly lowers the cost for developers and users and further enhances the overall network performance.

ABOUT Aelf Blockchain

Aelf is an excellent one-stop solution for Web3 DApps, built upon a cloud-native, high-performance, next-gen blockchain system. With its various infrastructures and developer tools that underpin Web3, applications in aelf ecosystem can run in a secure, fast, smooth, and cost-efficient manner.

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