Cryptocurrency Elastic $XEL Gains 63% In the Past 24 Hours


Crypto currency Elastic has risen 63% in the past day.

It is trading at 0.00000313 BTC or about 0.632 WAX.

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. 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 network is powered by its own PoW cryptocurrency (XEL) and provides a market-based mechanism to buy and sell computational resources.

It can be traded on BitTrex and Upbit cryptocurrency exchanges.

What are your thoughts on Elastic and its outlook for the future?
Leave your thoughts on Elastic in the comments below.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!