Elastic XEL Fundamentals and Technical Info

By making sure that all programmes that run on Elastic are written in Elastic PL, it safeguards the computers of the miners so they can’t be harmed by any of the programs written by the buyers and makes the system safe. While we think that this scheme is perfectly valid and works flawlessly, Elastic tries to get rid of any trust-based factors entirely. In Elastic, the verification of correctly performed work as well as the true amount of invested computational effort is done by the protocol itself. The problem with this approach is the involvement of a central authority. The distribution of Gridcoins can be tampered arbitrarily the moment an attacker gains access to the centralized service.

It has been tested at large events where it handled greater than expected loads with ease; securely processing thousands of transactions for only a few thousandths of a cent. XDai has a proven track record of security and scalability, and it is available for deployment today. While our solution may not be the fastest submitted, it’s still well within the requested benchmarks yet brings the peace of mind of dependability and resilience the competition simply cannot offer. Anna-coulby — Please be very careful as there are fake bitcoin mining/clouding out there, lost my money with 3 seperate scam crypto investment companies and I can… Currencies that are positively correlated with Elastic indicate that the movement of one has a statistically significant weight to lead the other in the same direction.

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. 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. Elastic is a Open Source project aimed to create a decentralized elastic (xel) trustless SuperComputer by utilizing cryptography and blockchain technology. 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.

The language is loosely based on the C programming language incorporating many of the basic operators and functions. There are no FOR, WHILE, or DO loops in Elastic PL in order to ensure that programs will not run indefinitely. The execution and monitoring of arbitrary computational tasks is available via the user’s interaction with the software components. Each component provides a user friendly interface, enabling a straightforward, streamlined journey for the user. The xDai Stable Chain is nearing 2 years in production, with exemplary real-world use cases, an active developer community, and full EVM ecosystem compatibility and interoperability with Ethereum.

elastic (xel)

Still, especially when looking for VMs with special capabilities, Zennet is superior to Elastic. In our vision, people who are in need of large amounts of computation power do not have to rent an expensive, commercial cloud computing solution anymore. Instead, they can submit their tasks to the Elastic Network along with a certain amount of Elastic Coins.

Thus enabling substantially better, more creative results, while saving on time and cost. XEL is the first decentralised super computing platform, adapted to execute any computational task on demand. Elastic is a crypto-currency driven infrastructure for decentralized computation. It is a free, non-commercial and independent open source project with contributors from around the world.

Elastic Basics

In this context, the publisher may specify special requirements, e.g., in terms of hardware capabilities that the provider has to match. After the negotiation is completed, the provider creates a virtual machine and gives the publisher SSH access to it. Gridcoin uses a mechanism termed “Proof-of-Research” to measure the amount of computational contribution of the “miners”. According to this, this mechanism is premised on BOINC, a centralized third-party service. More precisely, “miners” download the BOINC software which provides idle CPU processing power to various projects which likewise are centrally hosted.

The information presented here is for information and educational purposes only and should not be considered an offer or solicitation to invest to IQ Mining or elsewhere. Any investment decisions that you make are solely your responsibility. 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. Over the last day, Elastic has had 0% transparent volume and has been trading on 2 active markets with its highest volume trading pairs being . I see these two as really the major hurdles that the Elastic Project needs to address in the short, medium and long-term vision of their project.

Some traders use different moving averages than the 50-day and 200-day SMAs to define death crosses and golden crosses. However, all definitions include a short-term SMA crossing above or falling below a long-term SMA. The RSI is a very popular technical indicator used to analyze prices of a variety of assets, including Elastic. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Live Elastic (XEL) Price, Historical Chart & Elastic Market Cap

When trying to make a Elastic forecast, many traders also try to monitor the activity of XEL “whales”, which are entities and individuals that control large amounts of XEL. Since the Elastic market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Elastic’s price movements. There is clearly a race to build the very best decentralized supercomputer.

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The size of this portion depends on the amount of work a miner has contributed in relation to the rest of the network. All this happens \behind the scenes” in a process termed mining without the requirement of manual intervention. The so-called miners are then motivated to offer their computational resources in exchange for a portion of those XEL coins. Using XEL 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. XEL is an open source project aiming to disrupt the way computing power is bought and sold in today’s global market.

elastic (xel)

This flying under the radar, will be a key component to their success. This statistic shows the revenue generated by the leading vendors of supercomputers worldwide, in 2015. That year, Hewlett Packard Enterprise generated more than 1.23 billion U.S. dollars from the sale of supercomputers. In total, the supercomputer market, which is part of the larger high-performance computing market, was worth around 3.28 billion U.S. dollars in 2015. It is based on C and has been modified so that such things as endless loops won’t occur. Basically, Elastic PL has been designed so that it can’t harm the machines it runs on.

The Elastic 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. These will be released to a greater audience , via the large exchanges and then the buyers purchase them from there to pay for their computational task. XEL’s super computing system can assist in the transition from physical, prototype based product design to computational , prototype-based product design.

Real-time and historical data visualizations with custom dashboards were implemented in collaboration with Splunk. Through this joint effort, we were able to demonstrate a solution that is not only fast but efficient and inexpensive, on a tried and true network that’s in use at this very moment. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice.

This idea then was improved by a number of very bright members of the Elastic community. At the moment, we have a very precise idea of how Elastic should be built to ensure reliability, robustness and security. The Elastic programming language allows Elastic job authors to express complex algorithms to be solved for bounties, paid for with XEL.

What is the Elastic death cross and golden cross?

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. This includes for example the verifiable computation part, the prunability of the blockchain, or the security of the blockchain in terms of a certain type of attacks. Elastic Project is one of those platforms, which is entirely decentralized. It is an open source project with contributors from around the world. In fact, Elastic Project was started with a vague idea on Bitcointalk that interested me, which I have then pursued and learnt more once I was involved.

  • The most recent Death Cross in the Bitcoin market happened 435 days ago, on Dec 01, 2021.
  • In April 2017, “Lannister” one the programmers for the Elastic Project left the project and as a result ICO funds were also missing.
  • Elastic is an open-source project that aims to build the first decentralized supercomputer.
  • Some traders try to identify candlestick patterns when making a cryptocurrency price prediction to try and get an edge over the competition.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. It’s a decentralized supercomputer- participants in the network are essentially sharing computing power. We do not want to build a peer-to-peer market where users may betray each other, mitigating malicious behavior only by using trust-based reputation systems! From our perspective, this system is not ideal as it adds some overhead in terms of manual responsibility for monitoring the honesty.

Now, there is not project road map that is publicly visible nor readily available. In addition, as the members of this project are not paid, it is a challenge to keep a road map as that would construe stringent timeframes for a free workforce. However, I have been told that now that there are funds a road map is being put in place over the next month. It seems that in investigating the Elastic project a potential major challenge is gaining the “right” mass user adoption.

This is achieved thanks to the proprietary ElasticPL programming language. The system offers trustless access to computational resources at any time and from any location, while keeping privacy and anonymity. As an open-source project, Elastic serves as a decentralized computation infrastructure, and https://cryptolisting.org/ is powered by its own Proof-of-Work cryptocurrency, XEL. As a result, Elastic miners have the motivation to trade their own computational resources for some of said XEL tokens. Elastic Coin constitutes a market that matches buyers and sellers of computational resources according to economic criteria.

Elastic Blockchain Data

According to this these entities are termed requester nodes, these nodes that announce computing tasks, and compute nodes, nodes that perform computations. As of now, the computation tasks are limited to rendering tasks using blender. Nevertheless, However, Golem seems to be just a “peer-to-peer market” for computational resources and not a cryptographically secure protocol to ensure the correct distribution of, and payment for computational power. Elastic Coin provides the infrastructure for a decentralized and distributed computation of arbitrary tasks over the internet. In this context, Elastic Coin is built on-top of a crypto currency and provides a market-based mechanism to buy and sell computational resources. Buyers, those who need computational resources, model their problem using Elastic Coin’s software development kit and broadcast it, along with a certain amount of XEL coins, to the network.

As no technology is infallible nor is any project nor crypto/blockchain technology. So while Elastic is more flexible in designing tasks, it does not perform better for one particular use case over other systems. With other super computer models, If you want to do 6 different tasks you need 6 separate use cases.

Elastic Predictions for years 2023, 2024 and 2025 Based on Tech Growth

Take advantage of XEL’s network massive power resources and execute any computational task, while avoiding the cost of deploying cloud services or purchasing your own hardware. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. The Elastic price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days.

Moreover, the provider has to verify himself that the VM is actually doing what it is supposed to do and not, e.g., performing the calculations erroneously. According to privacy, the SSH access may expose the IP address to the provider. Thanks to self programmable tasks, the XEL platform offers a highly flexible system. Therefore, anyone can program unique use cases with XEL’s own programming language .

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