AELF Potential Blockchain 3.0; Announces Testnet Result

AELF Potential Blockchain 3.0; Announces Testnet Result

Cryptocurrency
August 22, 2018 by Ramaa Mohan
8727
The newest competitor in the decentralised applications platform, AELF has come back with results of its testnet launch. AELF is an incubatory platform for decentralised applications that aims to be the “Linux System” of the cryptocurrency and blockchain industry. Just over a month ago, the company announced that they were launching it’s very first testnet.
aelf blockchain

The newest competitor in the decentralised applications platform, AELF has come back with results of its testnet launch. AELF is an incubatory platform for decentralised applications that aims to be the “Linux System” of the cryptocurrency and blockchain industry.

Just over a month ago, the company announced that they were launching it’s very first testnet. A couple of weeks after the announcement, on the 30th of June the testnet was launched successfully. With just over a month’s function, the company has come back with the transactions per second rate and other results based on the data and performance over the last month.

 

The Testnet

The announcement of the testnet’s launch happened mid-June and two weeks later, on the 30th of June the platform switched to its testnet. The AELF coding is completely unique, crafted from scratch without any influence from another chain. AELF is Blockchain 3.0 The new features that AELF added to its testnet were the following;

 

 

  • Multi-node Peer-to-Peer Communication
  • Basic Decentralised Proof-of-Stake Consensus
  • Smart Contract Functionalities
  • Enhanced Parallel Processing Capabilities
  • Cluster-based Management Configuration

 

 

The switch to the testnet happened on Beijing time and was carried out seamlessly. The testnet, after its launch, was open to the public for stress testing and the results did not disappoint.

 

TPS Testnet Results

 

Now, almost a month later, AELF’s dev-team has released its first batch of compiled results based on the performance of the network, data collected by it and the acquired feedback. The company along with the unmatched capabilities of the dev-team has managed to achieve, in the first iteration of their testnet, 15,000 Transactions Per Second (TPS).

 

Although the testnet has achieved 15,000 TPS in its first iteration, the dev team wants more. And has been continuously making changes in the testnet to enhance its performance. The TPS that the testnet has achieved is no easy feat and is taking the blockchain further down the road towards larger adoption.

 

The co-founder and current COO of AELF, Zhuling Chen,  went on record to say that,

“We have hit 15,000 TPS, and this is just the beginning. Imagine where we will be in 6 or 12 months’ time!”

“The Aelf coding is completely unique, crafted from scratch without any influence from another Chain. Aelf is Blockchain 3.0” Said Liam Robertson

The TPS rate is a direct reflection on the unique combination of technologies that the AELF blockchain currently works on. The AELF blockchain works on a combination of the cluster-node computing environment assisted by the use of parallel processing algorithms. And the TPS achieved by the first iteration of the testnet only goes to prove that true scalability is achievable using these methods.

 

The testnet launch of the AELF blockchain was a very big milestone that the company had set for itself in the third quarter of this year and is safe to say that it has been successfully achieved. And it also implied now that greater things are expected of the company as it gears up for its mainnet launch in the first quarter of 2019.

Read most XMAX – A New Vision for Blockchain Development

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