Elastic is an open-source project that provides the infastructure forÂ aÂ decentralized supercomputer.Â r, designed to carry out arbitrary tasks over the internet.Â Those Â who need Â computational Â resources, model their problem using Elasticâs 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 networkÂ is Â powered by its own PoW cryptocurrency (XEL) and provides a market-based mechanism to buy and sell computational resources.
Elastic (XEL) Features
Technology Specifics for Elastic (XEL)
Elastic (XEL) uses the N/A algorithm and relies on the PoW proof type.