Hello aelf Community,

Welcome to the November edition of the aelf Monthly Digest! Let's recap what happened in the past month: advancements in aelf’s blockchain technology, highlights ecosystem development, events, and Web3 industry insights.

Technology

aelf Prepares for First Halving Event

aelf's first halving is scheduled to take place on 12 December 2024 7:30am GMT, at an approximate block height of 246500000 on the aelf MainChain. In the first to fourth year of aelf's mainnet operations, each block initially generates 0.125 ELF as a reward. After the upcoming halving cycle, it is expected that each block will generate 0.0625 ELF as a reward.

For more details about aelf's halving, please refer to the aelf Economic and Governance Whitepaper.

aelf Network Update: Cross-Chain Indexing for Inline Transactions

In November, aelf network enabled cross-chain indexing for inline transactions resulting from cross-contract calls. By adding a special character "." to a SendInline cross-chain transfer, an Inline transaction ID is generated, allowing the construction of a Merkle path and enabling cross-chain receipt using the newly created InlineTransaction.

This feature has been deployed on the aelf Testnet, simplifying the cross-chain transfer process for dApps, and further reducing the time spent on cross-chain transactions.

aelfscan Releases Contract Verification and Renewed UI

In November, aelfscan introduced several exciting updates aimed at enhancing user experience and platform transparency:

  • Contract verification feature: A brand-new contract verification feature has been launched, offering comprehensive support for the contract verification process. An added option for displaying source code provides users with greater convenience and confidence. These improvements allow users to directly access contract details and operational specifics, significantly boosting the transparency of on-chain contracts and overall user experience.
  • UI reconstruction and optimisation: aelfscan's user interface has undergone a complete redesign, making it more modern, intuitive, and user-friendly. With the new UI, users can easily find the data and functions they need, improving interaction and overall satisfaction with the Web3 platform.
  • Interface optimisation for faster performance: Key interfaces have been optimised, resulting in a noticeable increase in response speed. Whether performing queries or executing operations, users will now experience a faster and smoother experience. These performance improvements help build greater trust and increase user engagement with aelfscan.

These updates are a direct response to user feedback, showcasing aelfscan's ongoing commitment to delivering higher quality services and enhanced user experiences, with Web3 and AI technology.

Check out aelfscan here.

Ecosystem

ETransfer: Unlocking Greater Interoperability With 'Any Chain' Feature

On 30 November 2024, ETransfer went live with its brand new 'any chain' feature on the mainnet, allowing users to seamlessly transfer USDT and ELF tokens between a wide range of leading blockchains.

With support for USDT transfers across aelf MainChain, aelf dAppChain, Ethereum, BSC, Tron, Polygon, Solana, Avax C-Chain, Arbitrum, Optimism, and Ton, ETransfer is bridging the gap between disparate blockchain ecosystems in the Web3 space.

ELF token transfers are also enabled between Ethereum, BSC, aelf MainChain, and aelf dAppChain.

NFT Forest Branches out With New Telegram Mini App

Big news for nature lovers and NFT enthusiasts: the Forest NFT Marketplace has just launched a brand new Mini App on Telegram, bringing the thrill of their platform right to your fingertips.

With the Forest Telegram Mini App, you can harvest USDT and ELF token rewards by indulging in NFT minting, inviting friends (harvest golden fruits for bigger rewards), and scoring airdrops.

Try it for yourself now.  

AeFinder

AeFinder has undergone several updates in November, featuring key enhancements such as support for Portkey wallet and aelf wallet login. This enhanced user experience and security, as well as the implementation of AOP to handle exceptions, thereby increasing maintainability and scalability.

AetherLink

AetherLink has undergone several functional updates in November, which included off-chain clusters that supported AELF-TON token cross-chain transactions, TON chain Oracle contracts and AELF chain Ramp contracts that supported the receiving and sending of token cross-chain transactions. AethirLink also saw enhancements to the backend service and cross-chain status query capabilities. These system updates significantly improved the performance and functionality of AetherLink.

aelf Ventures Publishes Q4 2024 Report on Telegram Games Trends

What's hot in the world of Telegram Mini App games? aelf Ventures' Q4 2024 research report presents all the answers. Discover the top Telegram Mini App games, secret ingredients that make them successful, and how this emerging space is changing the game for blockchain, Web3, and AI.

Read the full report here.

aelf's Ecosystem, the Facts and Figures

aelf ecosystem map - November 2024

What a bull run this is shaping up to be, with Bitcoin finally hitting the six-digit mark! The aelf ecosystem, similarly, is witnessing a tremendous uptick in activities; monthly active users doubled to 122.3K from October to November, and total asset inflow skyrocketed from 52K to 913K. Total value locked also increased from 9.3M to 14.26M.

Which of these dApps are you on the most?

Events

November AMAs: aelf Checks in With Zesh Apps, Pastel Network, and PoP Planet  

aelf Talks AI and SocialFi in an AMA With Zesh Apps

aelf blockchain recently joined forces with Zesh Apps, an AI-driven GrowthFi platform for Web3 communities,  for an insightful AMA titled 'Web3 to the Moon: The Future of AI and SocialFi'. The Web3-AI discussion highlighted the crucial role of collaborations as blockchain firms navigate the AI landscape, emphasising the need for Web3 companies to pool resources and expertise to catch up to centralised giants like OpenAI.

Listen to it here.

aelf and Pastel Network Explore How AI Boosts Blockchain

In another insightful AMA, aelf joined Pastel Network, a layer 1 blockchain built for NFT applications, to delve into 'The Future of AI & Blockchain'. The discussion kicked off with aelf's views on how AI can contribute to blockchain technology and Web3 adoption. Key topics included AI's potential to simplify complex Web3 interactions, enhance user experiences in dApps, and improve the security and scalability of AI blockchain projects.

Listen to it here.

aelf Pops the Lid off Meme-Fueled Web3 Growth with PoP Planet

aelf joined PoP Planet, a Web3 SocialFi protocol, for an AMA exploring the power of memes in Web3 marketing, aptly titled 'Riding the Meme Wave: Premium Recruitment for Social Meme Campaigns'. The discussion centered on the unique challenges and opportunities of Web3 marketing, comparing community-driven approaches with traditional Web2 strategies.

Listen to it here.

Winners Nab iPhone 16 Max Pro and USDT in aelf dAppChain Giveaway

The aelf dAppChain release, an instrumental update that enhanced user experience for our dApp users, was punctuated by a 'Chain(ge) Is Here' giveaway on X from 11 to 24 November 2024.

We'd like to take this chance to congratulate all the winners!

Industry Insights

The dust has settled on another historic US election, and with the new president-elect taking office, the crypto market has been on a tear.

Bitcoin soared to its all-time high to graze the $100,000 mark, and altcoins, too, went parabolic. But what does this political shift truly mean for the future of blockchain and crypto? This month, we delve into predictions of the potential implications of the new presidency, explore the surging popularity of Telegram Mini Apps (some even with an election twist!), and seeing that there is likely to be surging transactional activities given the airdrops and crypto price fuels, we equip you with the knowledge to navigate the world of blockchain explorers.

1. Decentralised Insurance: How Web3 and AI Are Disrupting the Industry

Mishaps are stressful enough as it is, and the process of insurance claims tends to add to it. Can a decentralised insurance model, powered by blockchain technology and AI, truly restore trust among consumers by circumventing long waiting times, inflated premiums, and imperfect information?

Read the scoop.

2. Quick Guide: How to Create Your Own Telegram Mini App

Serious gamers and casual players are streaming into Telegram Mini App games. If you've got a money-maker of an idea to play to Telegram's 950 million strong user base, you can create a Mini App with just a laptop and WiFi, and without a Web3, AI or coding background.

Follow the steps and get started.

3. What Will Happen to Blockchain, Crypto, and AI Under Trump's Second Presidency Term?

The Web3 and crypto market went on a rocket-fueled run as expected, ever since Donald Trump pipped Kamala Harris to start his second run at the White House.

Discover aelf's predictions for what lies ahead for the blockchain and crypto industry

4. What Are Blockchain Explorers, and How to Best Use Them

Blockchain prides itself on transparency, and that brings us to blockchain explorers—an essential tool that lets anyone check public on-chain data of a blockchain network.

Uncover how they work in Web3, AI's role in the future of blockchain explorers, and top tips on how to get the best out of these explorers.

5. What is PayFi, and How Does It Solve Nagging Problems in Traditional Finance?

First introduced and popularised by Solana, PayFi, or Payment Finance, integrates blockchain technology to facilitate real-time settlement of transactions, especially in speculative trading and various financial applications.

It aims to vanquish issues in traditional finance such as cross-border transactions or payments invoicing, through lower costs, enhanced liquidity, and more.

Learn more about PayFi, through the lens of aelf Ventures.

*Disclaimer: The information provided on this blog does not constitute investment advice, financial advice, trading advice, or any other form of professional advice. Aelf makes no guarantees or warranties about the accuracy, completeness, or timeliness of the information on this blog. You should not make any investment decisions based solely on the information provided on this blog. You should always consult with a qualified financial or legal advisor before making any investment decisions.

About aelf

aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration and modular Layer 2 ZK Rollup technology, ensuring an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and advancing Web3 and AI technology adoption.

For more information about aelf, please refer to our Whitepaper V2.0.

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