Nick Chong · 1 day ago · 2 min read
Market Cap $374,129
24 Volume $498
Circulating Supply 91,676,277 XEL
Total Supply 100,000,000 XEL
Announced June 8, 2017
Elastic is an open-source project that aims to build the first decentralized supercomputer. Elastic has been developed over the last year or so and provides the infrastructure for a decentralized and distributed super computer, designed to carry out arbitrary tasks over the internet. In this context, Elastic is powered by a crypto currency (XEL) and provides a market-based mechanism to buy and sell computational resources.
Consensus Proof of Work (PoW)