I hope that he will come back to us even without funds incognito with another account. It’s not like “he took all the funds and run away” because before disappearing he rewarded some of community members with some BTC for their work. If you think that we’ve incorrectly blocked you or you would like to discuss
easier ways to get the data you want, please file a ticket here.
- This network performs arbitrary tasks online, and allows users requiring computational resources to model problems utilizing the Elastic program language, known as Elastic PL.
- The infrastructure is powered by a cryptocurrency, called elastic (XEL), which allows individuals to buy and sell computational resources.
- This is something that would make any investor somewhat skeptical about whether the team can really pull this project off.
- Elastic (XEL) is attracting a lot of attention in the cryptocurrency space right now.
- CoinCheckup provides live cryptocurrency prices and charts, listed by crypto market cap.
The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Bitcoin price topped $35,000 on Thursday and Friday before pulling back slightly as hype over BlackRock’s bitcoin spot exchange-traded fund (ETF) application reached fever pitch. Bitcoin price has recorded significant gains over the past week, jumping to its highest level since May 2022. For the latter, you need a strong sales and marketing department, which the project currently does not have not does it have the funding to set one up.
Elastic (XEL) Could Just Be Getting Started
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.
- If you’re supplying an alternate User-Agent string,
try changing back to default as that can sometimes result in a block. - 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.
- Anyone interested in trying Elastic can access a big parallel computation cluster consisting of a high number of GPUs and CPUs provided by Elastic’s miners.
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.
What is Elastic?
The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. Instead of using a central point of authority, XEL uses blockchain technology to form the consensus, and uses a special consensus-based protocol for work distribution, verification, and collection. Future developments on top of the existing platform are possible in a modular way. For instance, it will be possible for developers to implement smart contracts on top of Elastic VM (Virtual Machine) in the future. The execution and monitoring of arbitrary computational tasks is available via the user’s interaction with the software components.
The XEL initiative
The so-called miners are then motivated to offer their computational resources in exchange for a portion of those ELC coins. The size of this portion depends on the amount of work a miner has contributed in relation to the rest of the network. Using ELC as the driving force, Elastic Coin offers potential buyers a large parallel computation cluster composed of many CPUs, GPUs, FPGAs and other devices supplied by the miners.
And as most people know donations are just that, donations without strings nor conditions attached, and that unfortunately includes a rogue contributor to the project disappearing and the funds as well. The distribution of Gridcoins (GRC) can be tampered arbitrarily the moment an attacker gains access to the centralized service. If the latter service dies, so does Gridcoin unless an update is rolled out which moves the Proof-of-Research mechanism to a different service. A leading figure in Elastic’s team with the pseudonym Lannister left the project, which has led to inaccessibility of the project’s ICO funds and scam accusations on the BitcoinTalk Forum to increase. The Elastic Project is an open source project that aims to develop the first secure, trustless, decentralized, programmable supercomputer.
XEL Markets
According to privacy, the SSH access (if not used via a VPN or TOR) may expose the IP address (and so the own identity) to the provider. These will be released to a greater audience (or at least a part of them will), via the large exchanges and then the buyers purchase them from there to pay for their computational task. To make more sense of this new asset class, BTCManager regularly highlights new cryptoassets to gauge whether or not they could potentially turn into profitable investments for its holders. In this article, you will be introduced to the Elastic Project and its native currency the elastic coin, which carries the ticker XEL.
I see the Elastic Project potentially embracing a social entrepreneur approach which may add even more greater appeal to gaining the mass user adoption that would be necessary to take this project to where the Elastic community wants it to go. The Elastic https://cryptolisting.org/blog/the-best-method-to-mine-cryptocurrency Project is a cryptocurrency driven infrastructure for decentralized computation. Elastic PL will get better over time with the flexibility that Elastic PL provides. The system is built and designed this way from ground up to allow user configurable tasks.
Elastic Converter
It creates a complex platform that can execute a vast array of tasks in need of Computational resources; all is done in a P2P distributed way inside of the Elastic platform. Elastic offers a versatile and flexible system by enabling self programmable tasks instead of hardcoded use cases. Elastic is an open-source project that provides the infastructure for a decentralized supercomputer. 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. Elastic has been in development over a year and provides the infrastructure for a decentralized supercomputer that can carry out computationally heavy tasks over the Internet. The infrastructure is powered by a cryptocurrency, called elastic (XEL), which allows individuals to buy and sell computational resources.