Zhuling Chen, the co-founder of Aelf, has revealed that he is looking to develop a consumer-friendly blockchain operating system with high reliability. He made this revelation during an interview with CCN as he explains the way Aelf is aiming to change the blockchain infrastructure,
Aelf looking at blockchain in a new light
Aelf is a unique project that received funding via a privately offered ICO. This has enabled it to remain neutral regarding regulatory issues even though its tokens can be purchased on numerous crypto exchanges.
Some proponents view it similarly to NEO and Ethereum, but it differs from the two in the way the blockchain was designed. Ethereum’s blockchain design sees everything contained in the main blockchain. However, Aelf is aiming to work differently by having a multi-chain architecture, wherein private and public sidechains can operate their nodes while they can also rely on the Aelf nodes to take care of their transaction powers. Aelf claims that this move would enable them to have high availability and an incredibly high transaction-per-second capacity.
Chen during the interview stated that: “We want to be a very powerful smart contract platform from a public blockchain point of view. What we fundamentally believe is that if we have thousands of applications in the future, they should not be put on one blockchain, because that just gets messy and it’s just, and none of the applications have the guarantee of their performance. That’s why for Aelf, the first thing we did is to establish a multi-chain structure.”
Tokenized projects that require blockchain features would find great benefits operating on Aelf. Chen pointed out that the company is now looking to offer nodes as service. This nodes will be available for rent and will be offered to companies that cannot scale fast enough regarding infrastructure and make their sidechain transactions faster. Aelf is also looking at cross-chain communication to other application.
One feature that seems to excite people is the potential to make use of a shred userbase. It would enable identities to be transferred between sidechains the same way Google Play store’s authentication for Android games works.
Aelf will be composed of both public and private blockchains. The platform would enable companies to launch blockchains that they can have full control over while also leveraging the standardized technology and the services offered by Aelf.
Not every project should be on the blockchain
Over the past year and a half, blockchain technology has received massive attention. Projects were built on the technology as companies look to take advantage of the hype around it. However, it is now clear that not everything deserves to be on the blockchain. Chen pointed out that there are some key cases where blockchain works and there are some areas where it doesn’t. He is of the view that the most important blockchain-use indicator is the value of information that a project replicates, stores, or moves.
He stated that “Definitely blockchain is not for everything. Sometimes blockchain could be more expensive to run compared to a centralized system. I tend to think a centralized system is better for information flow. So you can replicate information at any speed you like, regardless if the information is valuable or not. But blockchain, on the other hand, only needs to take the valuable stuff. That’s why we’re looking at virtually high valuable information that should be put on the blockchain, which allows multiple parties to work in a more efficient and trustless environment.”
dApps to determine future of blockchain
The decentralized applications are expected to play a huge role in determining the future of blockchain. The overall necessity of blockchain services will depend on the dApp market as the services will be accessed more via mobile phones than computers.
Finney smartphone was recently launched by Sirin Labs, and the blockchain operating system it has might play a role in bringing forth a resurgent era for the blockchain. A mobile environment which can reliably handle cryptocurrency in a secure manner is something that the crypto world is missing. Even though the high price of Finney is an obstacle at the moment, some phones would emerge that would make use of the OS. When that happens, dApps from Aelf, Ethereum, NEO, and others would be available on numerous mobile phones.
Chen is of the view that Aelf network would become successful in one or two amazing dApps, with the company looking at projects that could make that happen even though they are yet to list the specifications needed. Aelf is still a young project in its testnet phase, but they are already putting in hard work to ensure that it becomes a huge success.
Chen stated that “Ultimately the user experience should be that they actually don’t feel any differences whether they’re using Aelf or using some other services, just based on the app, right? So we do hope that there will be a more universal wallet that does the conversions and storage for them automatically, so they don’t have to use Metamask or equivalent or manage it themselves. I feel that Kyber is sort of doing that already, allowing token-to-token swaps.
It is worthy to note that at the moment Aelf enables smart contracts to be written in C#, which is one of the most popular programming languages in the world. They are working on making that feature available on other programming languages including Python. Chen stated that “We share the same view as NEO in regards to mass adoption.”
The main network is expected to be launched by March next year, and there are high expectations on the platform even before then.