ælf aspires to be the next generation Blockchain technology with scalability and self governance. It adopts an innovative approach to tackle three key challenges of current Blockchain technology: 1. Scalability; 2. Resource segregation; 3. Governance. The company in charge of ælf development has been funded by top tier VCs, such as China Growth Capital, Draper Dragon, WeX Fintech, Taoshi Capital, Danhua Capital, and Albatross Venture, and FBG Capital. ælf unlocks scalable distributed computing power · enables nodes to run on clusters, significantlyimproving the performance of each node based on its computing power · analyzes transaction dependency with an innovative parallel processing scheduler, letting nodes to process independenttransactions in parallel · adopts DPoS on Main Chain to leverage highcomputing power from specialized mining nodes ælf segregates resources to independent side chains · adopts a multi-chain structure, with one SmartContract running on one Side Chain, without interference · uses Merkle Tree root to index side Chains on MainChain ælf adopts a democratic voting process to determine software updates and new features · grants voting rights to token holders based on stake · registers voting results in immutable smart contracts