Elastic

_{Decentralized Super Computer} 

Summary

_{Elastic is an open-source project that aims to build the first decentralized supercomputer}

_{Elastic is a platform where community can rent out their unused computing power to other community members and the elastic coin will be used to buy and sell computing power at a fair markert driven price.}

_{Those who need computational resources, model their problem using Elastic’s programming language (Elastic PL) and broadcast it on the network, along with a certain amount of XEL coins.}

_{The Elastic miners are then motivated to offer their computational resources in exchange for a portion of those XEL coins. The size of their reward depends on the amount of work a miner has contributed in relation to the rest of the miners that have also participated in the task. Using XEL as the driving force, Elastic offers potential buyers a large parallel computation cluster composed of many CPUs and GPUs supplied by the miners.}

_source

Information


_{* Note that all data is static of date of article.
Symbol : XEL
Date Listed: 24 June 2017
Age : 7 months
Listed Start Price : $0.778723
All time High : $1.32
Current Price : $0.734552
All time Low : $0.111285
Market Cap : $35 694 693
Circulating Supply: 88 155 288 XEL
Total Supply : 100 000 000 XEL
Minable : Yes
Mining Algorithm: PoW
Website : www.elastic.pw
Lifetime Price Percentage : -5,67 %
Rating :}

Pros & Cons


Pros	Cons
Still very young project product still being develop which means a lot of growth potential.	Not unique competing against Golem.
Low 8 figure Coin supply	Use own created programming language (Elastic PL), not communally used programming language
Affordable computing power to the masses	Anonymous Team
Miners(node owners) get rewards to offer their computational resources	No Roadmap, website under-construction
Supercomputer market was estimated to be worth around $3.5 billion in 2016	Departure of Key Project Member

Team

_{The team at Elastic has chosen at this time to remain anonymous.}

Rewards

_{Elastic “miners” (node owners) can then offer their computational resources for a share of the offering elastic coins, and their reward will depend on the amount of work each miner has to contribute in relation to the other contributing miners who are participating in solving the problem. This allows individuals and companies to purchase computational power supplied by a range of GPUs and CPUs using elastic coins.}

Community

	Twitter	Reddit	Slack	YouTube	Github
Members	9 751	944	1 938	449	1
Last	2017/12/23	2018/01/06	NA	2017/10/11	2017/10/30
Links

Trends

Elastic


Elastic vs smaller competitors

 

Elastic vs Golem & smaller competitors

 

Markets

Market	Pair
Bittrex	XEL/BTC
Heat Wallet	XEL/BTC
Heat Wallet	XEL/HEAT

News

_{New WebSite is coming soon source}

_{Elastic will strive to create meaningful collaborations with real value, and these will be announced when relevant in due time source}

_{Elastic will strive to create meaningful collaborations with real value, and these will be announced when relevant in due time source}

Everything depends upon execution; having just a vision is no solution - Stephen Sondheim