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.

XEL Price Chart

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XEL Details

Market Cap $689,158
Reported Volume 24H

Reported Volume calculates volume from all exchanges with market pairs, but due to factors such as wash trading, it is considered an unreliable metric.

$47
Circulating Supply 91,676,277 XEL
Total Supply 100,000,000 XEL
First Announced June 8, 2017

XEL Technical Details

Consensus Proof of Work (PoW)