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.

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)