Topic: 【ANN】aelf Token(ELF) Launch Report - page 3. (Read 19710 times)

As a remember about the launch of our Testnet!!!!!!!!
There is an articleshared by another user some days ago,  that makes reference to a comparison between EOS and aelf...
It shows the way EOS screwed up the launch of its network, while aelf did it incredibly well.
and this takign in mind that EOS's fundraising achieved $800Mn (ICO) while aelf barely reached $15Mn (private round).

Why Open Source is Crucial for Blockchain Technology: https://www.publish0x.com/sals-articles/why-open-source-is-crucial-for-blockchain-technology-xzyzxg

How many times have you heard about cross chains interactions? dont worry.. we will teach you what is all this about

How to Launch or not launch a Mainnet/Testnet? https://www.publish0x.com/nibu-p-rajoo/how-to-launch-or-not-launch-a-mainnettestnet-xjwgd

The Dapper Weekly Series: The unbiased dApp review from Aelf Blockchain: https://www.publish0x.com/nibu-p-rajoo/the-dapper-weekly-series-the-unbiased-dapp-review-from-aelf-blockchain-xrmdm

Here you got the song chosen as "song of the week" by aelf.. enjoy

https://youtu.be/iEINM8Xnnzk

Episode 5 of The Dapper Weekly felt like I was looking at twitch... decentralized! @OfficialDLive Who else can you bring to the world of Blockchain?

https://t.co/x623P8wuZL

Larimer uses the example of a radio station to illustrate the resilience of DPoS to attacks. On this radio station, anyone can broadcast (mine a block), and everyone must decide if they want to listen to these broadcasts (verify the block.)

With PoW, those who broadcast the loudest, or use the greatest hash power, have control of the network. This is especially true with mining pools which can become large enough to gain a 51% share of overall hash rate. Furthering this analogy, PoS awards those with the most money to stake with the greatest proportion of airtime.

Alternatively, DPoS gives each stakeholder a vote in who runs the radio transmitter. Unlike a pure PoS model, DPoS allows voters to elect the transmitters (nodes), giving everyone the opportunity for equal airtime. Under this system, nodes which act against the interests of the network can be voted out by the token holders, who have a vested interest in the future of the network.

Looking back at aelf again, they have taken this a step further with a performance upgrade which doubles as an extra security measure. Every node in the ecosystem is a cluster node, made up of many anonymous and remote workers all around the world. This makes it even more difficult to attempt an attack based upon accessing the equipment on the system.

While there is not yet any perfect consensus mechanism, DPoS provides a robust deterrent to bad actors. In a similar way to representative democracies in government, a node can only become a node, and remain a node, with the approval of a voting majority. Like the Byzantine generals, if a node is perceived as traitorous, then the token holders will exercise the power of their votes and remove it

How DPoS Achieves Both Scalability and Resilience




In DPoS, nodes are elected by token holders. In the case of aelf, the number of nodes is determined by the formula 2N+1, where N starts at 8 and increases by 1 each year. So, the first year there are 17 nodes, the second year 19 nodes and so on. This formula limits the number of delegated nodes, unlike in PoW where any untrusted node may join at will.

By incrementally increasing the number of nodes each year, this formula also allows for increases in the volume of transactions passing through the aelf network. Thus, DPoS provides a more scalable consensus mechanism than PoW.

However, some critics believe that , limiting the number of nodes under DPoS increases centralization and risks the rule of plutocracy. Dan Larimer, the inventor of the DPoS, disagrees, pointing out that these critics miss a crucial point — delegation decentralizes the control of the network to all of the token holders, which, in turn, provides a more effective means of preventing centralization.

Regarding our consensus mechanism.. have you ever heard about the Byzantyne generals problem?



Because blockchain networks depend on consensus between many nodes in the network, they have no single “point of attack,” in contrast to centralized systems which rely on servers. As a result, they’re generally considered more resilient to traditional hacking, but even in a decentralized computing environment, bad actors can still band together to bring down the system, a dilemma that programmers have been confronting for the past four decades.

First described in a 1982 paper, the “Byzantine Generals Problem” describes a city under siege from multiple divisions of the Byzantine army, each led by a different general. To launch a successful raid, the generals must coordinate their attacks simultaneously, but each division is camped in a different location surrounding the city, and the generals can only communicate with one another via messengers.

The problem is that some of the generals may have different ideas about when to attack or retreat, and no one general can be sure that the others are all loyal. There may be one or more traitors. Each general also needs his lieutenants to implement instructions.

Therefore, the army needs an algorithm that fulfills two conditions:

1. All loyal generals agree to implement the same plan, and;

2. Any traitors cannot “trick” loyal members into adopting a bad plan.

In a previous post, we outlined why the flaws with proof of work (PoW) and proof of stake (PoS) led aelf to choose a different consensus model. The DPoS model aligns closely with our philosophy that the token holders should have the greatest right in the future of the system, and that token holders’ interests are linked with the destiny of aelf.

In this post, we will look at a further benefit of using the DPoS consensus model — namely, how DPoS coordinates trusted nodes in order to defend against the risk of a “51% attack.”

But what are these attacks, and how do they come about in the first place?

In order to maintain the transparency of the ELF token distribution, we want to share the detailed ELF token distribution based on the Distribution Ratio and allocation as shown on the aelf official website:



Foundation (12% locked, for aelf ecosystem, support aelf marketing, and sustain the development of aelf project):
0xae3F5961937CB0171F127075A99550978b31ACA1

Foundation (13% unlocked, but still in the following address):
0x384Cc0b3a514216627F7054B30ea4e7d5F54EEa9

Marketing/Bounty Program (6% locked, for market expansion and promote the activeness of the community):
0xEA1bb5B01bFE95e0cff237C9b9126526CB12a768

Market/Bounty Program (1% unlocked, but still in the following address):
0xd3199DB5B7d94596546276c4A63D3dF6b84854f7

Advisors/Partnership (2.5% locked):
0xC7a6c4d547C1b1098Eb3C01F1dd3f25E1d4c4FE4

Advisor/Partnership (4.5% unlocked, but still in the following address):
0xA4aE4e009E9Ec51A4B01Dfb700674E3CC0e8E49B

Team (4% locked):
0xffe79ac093e5aafD35B5e118c58dbcEe06250749

Team (12% unlocked, but still in the following address):
0xfE1539ac28816D9792D56Bc9AD745dAAD4CFDd47

A preview of the success and adoption of aelf worldwide..

Here you got our last development related report..

https://medium.com/aelfblockchain/aelf-development-progress-report-april-15th-21st-6e5abe375d36

It's nice to see this level of transparency and activity within the aelf team. This is one of the more promising projects coming out of east Asia with the venture capital behind it and its plan to scale with the use of sidechains.

Hey all! For the next Episode of The Dapper Weekly I'm giving you the power! Over the next week vote and share this post to choose the dapp you want me to review!

https://twitter.com/mappopk_crypto/status/1118383176873840640

Meanwhile you can enjoy our Dapper Weekly

https://www.youtube.com/playlist?list=PLWwGyR_VeFMyrNqRLpK4oK-Oc5vDe-qoP

Thanks team for being so dedicated and hardworking for another working weekend. The number of code commits has exceeded 10,000!

https://twitter.com/HaoboMa_aelf/status/1119554854433636353

As you can see, the ranking of aelf didnt just climb ... in last instance, it did not just has multiplied x2 during last month, but has grown much more.

Want to know the differences between STO and ICO? aelf exmplains it to you

Aelf was presnt in the Orange Demo Day that took place in Taipei, Taiwan's capital.