AELF (symbol: ELF) Is probably one of the most exciting crypto platform projects in 2018 because of the revolutionary scalable tech they are working on.
To have a quick understanding of what AELF is we can compare it to EOS.
From Aelf's Telegram channel:
Floris-Jan : "Both EOS and AELF have proposed to use parallel processing to handle transactions, but the difference is that EOS only processes in parallel on the main chain, while AELF's parallel processing framework enables parallel processing on all side chains. By doing this, parallel processing will be performed on both the backbone and the sidechains."
Going deeper, Here is an important first interview video with the co-founder Chen Zhuling.
Road Map at a Glance:
Technical Road Map:
Now for some Technical Analysis.
Aelf had decent consolidation lately and seems to be continuing with a delayed wave 5.
I say delayed because usually Wave 4s do not overlap the peak of Wave 1s on Bullish impulses.
However Ive seen a few exceptions.
If you zoom in to the hourly or 30 a clear breakout can be seen indicating a strong reversal. Volume is up as well.
IMO this is a must-own platform crypto for 2018 into 2019 and I'm excited to see development roll out.
Here is a link to their github: https://github.com/AElfProject/AElf
Thanks for tuning in! I look forward to bringing more exciting content to steemit.
