The blockchain has experienced periods of exponential growth since the initial days of bitcoin. As a result, many businesses are quickly turning away from traditional network architecture, instead favoring blockchain-based network architecture.
Unfortunately, today’s blockchains lack the capability and efficiency to function as a versatile operating system and support the multiple applications needed in a commercial setting. Looking at the current landscape, Bitcoin, the pioneering design, offers many similarities to an application. In comparison, Ethereum continues to demonstrate many characteristics of an Operating System, such as the ability to program smart contracts and the provisions of a programming language. But, insufficient system interfaces and lack of customization in some modules suggest that limits on the commercial application of Blockchain technology still exist.
Currently, there are two widely accepted trends to improve the capacity of Ethereum. One trend requires a group embedding an EVM engine. Unfortunately, EVM is not strong enough to support parallel transactions. Another group finished the EIP 1559 upgrade on Ethereum in August, trying to reduce gas fees.
To address these concerns, the team behind aelf has developed an open-source blockchain network powered by the cloud and designed as a multi-level sidechain structure, enabling unlimited scalability on the road to a decentralized future. With this platform, users can gain access to a single solution to break industrial bottlenecks, including performance and cross-chain functionality. When considering performance, the platform has set up each node in the network as its own cloud computing center.