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What is Elastic (XEL)?

May 10, 2018 By admin_coin

What is Elastic Crypto Currency?
What is Elastic Crypto Currency?
A brief description of Elastic.
The Decentralized Supercomputer

Elastic Video

Unfortunately we don’t have this data available.

The purpose of Elastic 

Programming language, Unclear website, missing examples and usecases

Elastic Abstract

Elastic Coin provides the infrastructure for a decentralized and distributed computation of arbitrary tasks over the internet. In this context, Elastic Coin is built on-top of a crypto currency and provides a market-based mechanism to buy and sell computational resources. Buyers, those who need computational resources, model their problem using Elastic Coin’s software development kit and broadcast it, along with a certain amount of ELC coins, to the network. The so-called miners are then motivated to offer their computational resources in exchange for a portion of those ELC coins. The size of this portion depends on the amount of work a miner has contributed in relation to the rest of the network. Using ELC as the driving force, Elastic Coin offers potential buyers a large parallel computation cluster composed of many CPUs, GPUs, FPGAs and other devices supplied by the miners. All at a fair and market-driven price.

More information can be found in the Elastic whitepaper https://github.com/elastic-project/whitepaper

Other Elastic facts

  • Trading symbol: XEL
  • Governance: Decentralized
  • Open source: Yes
  • Product status: Fully working product
  • Consensus method: Proof of work
  • Emmission rate: Company will decide
  • Transactions per second:  Unfortunately we don’t have this data available.
  • Total Supply: 100,000,000
  • Release date: 2017-06-08

Usefull Elastic links

  • Elastic’s Website
  • Elastic pricing data & fundamental Elastic information
  • Elastic’s Website
  • Elastic official blog
  • Elastic’s Bitcointalk Forum
  • Elastic’s Reddit Forum
  • Elastic’s block explorer
  • Elastic’s Alexa site stats
  • Elastic’s official forum: Unfortunately we don’t have this data available.
  • Elastic’s Github code repository:
    https://github.com/elastic-project/core-client
  • Elastic’s roadmap:
    Unfortunately we don’t have this data available.
  • Elastic’s team page: Unfortunately we don’t have this data available.
  • Elastic’s whitepaper: https://github.com/elastic-project/whitepaper

Filed Under: Elastic Tagged With: Altcoin, Crypto, Currency, What is?, XEL

Other questions related to this cryptocurrency:

  • Is Elastic (XEL) Centralized, Decentralized or Semi-Centralized?
  • What is the Consensus method of Elastic (XEL)?
  • All available information on the Elastic (XEL) ICO
  • How can I contact the Elastic (cryptocurrency) team?
  • Where to find Historical trading info and past performance on Elastic (crypto)?
  • Where can I find fundamental analysis of Elastic (XEL)?
  • Who is leading Elastic (XEL) crypto?
  • How to buy Elastic (XEL) cryptocurrency?
  • What is Elastic (XEL)?

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