aelf, the next generation cloud computing blockchain network, has announced TechCrunch and Arrington XRP Capital founder Michael Arrington has joined the company as a senior advisor.
“Named one of the most powerful people on the Internet, Michael is a highly respected Silicon Valley businessman and pioneer, having spearheaded projects and companies that have shaped mainstream tech culture,” aelf co-founder Zhuling Chen said.
“Few people match his breadth of knowledge, insight, and level of experience, making him an invaluable asset in scaling the aelf network through strategic partnerships and expansion into new and flourishing markets.”
Best known as the founder of startup and technology news publication TechCrunch, Mr. Arrington recently established the first hedge fund to be valued in cryptocurrency instead of dollars or euros, Arrington XRP Capital. The fund is valued in Ripple’s XRP cryptocurrency, a major rival to Bitcoin, at $100 million USD and was established to manage long-term investments in crypto and blockchain-based assets.
“There are two types of projects in the blockchain space, those that simply use the existing technology to build platforms and products, and those that actually develop the state of the art in blockchain and build next-generation technology,” Mr. Arrington said.
“The aelf blockchain network is groundbreaking technology. Incubated in the most prominent regional innovation hub in the world – Asia – and backed by the most recognized powerhouse crypto and blockchain hedge fund in the region, I’m coming on board with aelf with great confidence and excitement.
“As blockchain use increases exponentially, resolving scalability and congestion issues is a number one priority for enterprises and consumers that many in the community are trying to tackle. aelf’s complex and technologically rigorous vision for next-generation sidechain technology is far superior to anything else in the market. I look forward to helping aelf achieve global reach and ignite the large-scale commercial adoption of its architecture.”
The aelf platform is a decentralized cloud computing blockchain network built with state-of-the-art design principles and technology. The network will serve as a multi-functional, customizable operating system designed to meet the requirements of various complex commercial business scenarios.
The aelf network seeks to become the “Linux system of the blockchain community”; a highly-efficient platform that enables developers to tailor the system to their needs. The aelf network will also incorporate cross-chain interactions with mainstream blockchains, including Bitcoin and Ethereum, to enhance scalability and optimize the speed of the network. A consensus protocol will be integrated into the aelf network, enabling users to vote on future protocol updates and feature developments.