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.}

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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.}