binance
Rank 1302
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Avg. Price
$ 0.0034444492 USD
24hr Change
-5%
Mkt. Cap
$ 315,774.279
Vol. 24H
XEL 338.152 ($ 1.165)
Low/High 24h
$ 0.0034444492 / $ 0.0037163794
Total Coins
$ 91.68 M
Last Trade
XEL 186.152 ( $ 0.6411922586) / BitTrex
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Description

Elastic is an open-source project that provides the infastructure for a decentralized supercomputer. r, designed to carry out arbitrary tasks over the internet. 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.

Elastic offers potential buyers a large parallel computation cluster composed of many CPUs and GPUs supplied by the miners. The network is  powered by its own PoW cryptocurrency (XEL) and provides a market-based mechanism to buy and sell computational resources.