Grin GRIN to aelf ELF Exchange

Crypto Pair Details: GRIN to ELF

Grin GRIN

Grin coin is a private & lightweight open source project based on the mimblewimble blockchain implementation. MimbleWimble is a lightweight blockchain protocol proposed by anonymous author that goes by the name Tom Elvis Jedusor (inspired by Harry Potter) in July 2016. Since then, the proposal has gained a huge following among Bitcoin and privacy advocates. Unlike bitcoin or ethereum, there are no addresses in Grin. In order to transact using Grin, both wallets must communicate with each other online with the results broadcasted to the network. Another key different is that transaction history (sender, receiver, amount) will not be recorded on the blockchain. Due to the removal of these information from the transaction, the data size remains small and that keeps the blockchain lightweight. New nodes can easily join the network without having to download a large blockchain. Grin coin was launched without an ICO, fundraising, or pre-mine. Developers around the world contribute openly with the goal to ensure the coin distribution remains as fair as possible. There are 2 popular wallets widely available to interact with the Grin network. Grin core wallet: https://www.coingecko.com/buzz/how-to-use-grin-wallet-to-send-receive-grin-coins Wallet713: https://www.coingecko.com/buzz/how-to-use-grin-wallet713-to-send-and-receive-grin-coin-step-by-step-guide The consensus algorithm used by Grin is the Cuckoo Cycle proof-of-work based. There are 2 hashing algorithms involved with Grin. Cuckoo-29 is meant for GPU mining while Cuckoo-31 is meant fo ASIC mining. This is a deliberate design to encourage miners to eventually move into ASIC mining for efficiency while keeping it fair at the beginning of the launch. Grin coin has launched its mainnet on 15th January 2019 and is now available for mining and trading.

aelf ELF

Aelf is the versatile business blockchain platform powered by cloud computing and the central nervous system for businesses, transforming the way they deliver their services. By laying out the fundamental blockchain infrastructure, Aelf enables businesses to focus on building up their own dapps on their own chains with minimum effort. Acting as the master key, Aelf unlocks the potential for inter-business communication and collaboration using cross-chain efficiency. Incorporating modern technologies such as cloud nodes and parallel processing, Aelf is the blockchain system that achieves secure transactions at commercial scale. Aelf is one of the cryptocurrencies that is attracting crypto enthusiasts following its massive commercial adoption initiative. The coin seems to be leading on the technology front with higher blockchain efficiency, which is why it's also anticipated to be the Linux of Blockchains. aelf is an operating system for blockchains which can be customized by their respective users. Its cryptocurrency is denoted by the symbol ELF, with a total supply of 250 million ELF. It was launched on 21 December, 2017 on multiple exchanges in China without any ICO and instead got private investors on board. This ensured better compliance as KYC was done for all investors with most of them being accredited, with a good track record in token investment. Aelf was developed by Ma Haobao, who is also the CEO of Hoopox. The team is backed by a strong advisory board which includes Michael Arrington (CEO of TechCrunch and founding partner of FGB Capital). The team says it is working on unleashing the blockchain’s potential into mass applications and industries. aelf is now working with Innovation Alliance for increasing the acceptability of blockchain technology which will ultimately increase adoption of aelf’s blockchain. The team is focussed to develop aelf to improve other chains in the ecosystem by providing a template and infrastructure for interaction between the sidechains. Aelf also has a rewards system – Candy. With the Candy rewards system, you earn points, convertible for ELF, by accomplishing simple, daily tasks. Tasks include liking and replying to aelf tweets, inviting people to the Telegram channel, and other promotional activities. ELF are currently ERC20 tokens. As such, you can store them in any wallet with ERC20 support like MyEtherWallet or Exodus. The Ledger Nano S is also a great option if you’re interested in additional security. Aelf is a relatively new competitor in the dapp platform race but already has solid support from large investment capital firms. The project is utilizing resource separation through side chains and a unique governance model to build an entire blockchain operating system.

SOURCE: COINGECKO

instantcryptocurrencyexchange Statistics

Instant Cryptocurrency Exchange Platform