ELF seeks to be a Decentralized Cloud Computing Blockchain Network, with lead investors such as ALPHABIT "one of the biggest names in Crypto". According to PRNEWSWIRE.COM
The CEO of ALPHABIT was quoted with this as his statement about the project. "I think we are witnessing a turning point in the Blockchain industry," Roberston said.
"AELF is a new generation of scalable Blockchain computing network, using multi-chain structure and parallel processing to solve issues around efficiency, transaction throughput, and governance."
He added: "I think this is the perfect storm of high efficiency, flexibility, adaptability, and compatibility - one Blockchain to bind them, one chain to rule them all, so to speak."