[ANN][XEL] Elastic Project - The Decentralized Supercomputer

[BTCspace]

I guess we can end this now, right? Let them try to do their thing. Will probably take them some time.

Yeah, classic buzzword bingo. I think we can close this chapter, this is nothing serious in my humble opinion.
I mean, if they get millions of dollars, then I will lose faith in mankind, but after all ... who cares?

i hope they can get billions of dollars. i don't care ppl get screwed....lol

money burnt and ppl will finally find gold here.

who cares.


let's get XEL rock.

that's the point.

[1714768161]

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[Bgjjj2016]

We haven't even gone live and the so called competition is already badmouthing us. This is a great news folks. Hold on to your seats tight ! 

[Tradingriver]

what the Elastic project lacks is structure!

- everyone with skin in the game should try to help shape Elastic up!

Not many source are out to learn or understand about Elastic, I would think if we
can make it better, the price will be higher.

Ask yourself. If you do not understand anything would you understand in GOLEM oder Elastic?

I think the answer at the moment is clear, because one of the projects has so much more information available the other will be ignored.

[clivemy]

We deploy website with @cyberhacker.
http://www.elastic.pw

I need more Content for publish, I opened a news&contents&articles url list on xel talk forum: https://talk.elasticexplorer.org/t/xel-elastic-project-news-url/120/1

Good job guys , thank you !

Looks so good!!!!

EK, we need more content.  just let us know what we should add

Maybe someone could prepare some questions so all devs can start replying them one by one! I guess this would get things started pretty quickly, if people can just start replying one by one without having to make thoughts about a storyline.

What can Elastic do that the other super computers (Golem, etc.) can't?

Kick Ass!!

It's hard to describe.
Technically, other Supercomputers such as Golem have great use cases (or one use case should I say?) that we currently cannot cover at all ... Blender Rendering for example. If they manage to get their infrastructure stable and safe, they will be able to offer at least one use case that we can't - not now at least.

Elastic works different: We do not have one specific use case, instead the use case has to be coded by the users in Elastic's own programming language - Elastic PL. It is similar to C but with limited functionality so it can be guaranteed that Elastic code can be executed on other machines without causing any harm. Ther language has been discussed about for a very long time and many brilliant heads have helped designing it. You can write a program in Elastic PL and others can be sure that if executed, no exploits, no endless loops, no data leakage or anything else may happen.

So while our Elastic Baby is more flexible in designing tasks, is does not perform that good for one partucular use case that other systems are tailored for. It's sort of a trade off between flexibility and performance / doability. But: If you want to do 6 different tasks you need 6 different "Coins" if you pursue the other coin's approaches. Elastic can do them all ;-) Please keep in mind, that due to the nature "mining" work, some use cases are not yet possible - only tasks which explore a search space can be done now, and not "stupid" tasks which are divided into multiple packages (like rendering divides a large image into many smaller tiles).

But I am sure that Elastic PL will get better over time: Since we have a "flexible" system built and designed this way from ground up to allow "user configurable tasks" - we are as far as I now the only ones that offer this - we are basically limitless concerning our imagination.

Please correct me if I'm wrong. Please ask if something is unclear. And please write that more beautifully - I suck at writing.

@EK

You say that currently Elastic can only deal with tasks that explore a search space.  I don't understand this term.

Can you give an example?

[BTCspace]

We haven't even gone live and the so called competition is already badmouthing us. This is a great news folks. Hold on to your seats tight ! 

these guys are crazy.

[irukandji]

Can't waaaaaaaaitttttttt!!!! 

xel is better than IEX and Golem

In what way is it better?

Thanks

[BTCspace]

Can't waaaaaaaaitttttttt!!!! 

xel is better than IEX and Golem

In what way is it better?

Thanks

xel is almost ready

and all other 2 project are in prototype or in paper.

[Evil-Knievel]

Can't waaaaaaaaitttttttt!!!! 

xel is better than IEX and Golem

In what way is it better?

Thanks

xel is almost ready

and all other 2 project are in prototype or in paper.

And they use external infrastructure that they can't control: Python implementations in Docker based Virtual Machines, some Peer-to-Peer Networks to store files, Ethereum as the main chain! Too much complexity in my eyes, too many points of failure, too complex to fully test.

[bubbletea789]

yes. we have been almost ready for months!  

[tomkat]

EK: could you please explain how blacklisting works, and how the blockchain is being built?
I mean, if majority of nodes run 1.0.7 version and then a new one comes out, then I guess the first new-version node does not blacklist all other (older nodes) immediately, right? Do we wait until majority (51%???) of nodes upgrade to newest version? Is there a risk of having governance problems like we can see in Bitcoin now?

[unvoid]

https://talk.elasticexplorer.org/

[poon4]

we need some document to know how to use pl language to create task.

[xtester]

Hi guys. I am working on a new OP for the project and appreciate some feedback. After we have enough feedback and revise the post, I offer to create a new bitcointalk OP for elastic and maintain it up to date with all the information we need. As soon as we have it revised and created, I propose moving the bitcointalk discussion there, so we can have control over the OP.

Let me know what important information needs to be added to the post.

P.S. Picked one of the proposed logos for demonstration.

Important Links
Website | Forum | Github | Whitepaper | Blockchain Explorer | Faucet | Twitter Soon | Slack

What is Elastic?

Elastic is an open-source project, aiming to build the first decentralized supercomputer. Elastic Coin provides the infrastructure for a decentralized and distributed computation of arbitrary tasks over the in-ternet. 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. The so-called miners are then motivated to offer their computational resources in exchange for a portion of those XEL 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 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. All at a fair and market-driven price.


Roadmap

Note: All presented dates are tentative; hence they could, and most likely will, be subject to further changes.

- Testnet         - Launched
- Mainnet       - Soon
- Applications - TBA
- Exchanges    - TBA
- Foundation  - TBA


Important Developers and Contributors

Evil-Knievel - Elastic Core Server, Elastic Wallet, SuperNode Integration    
https://bitcointalk.org/index.php?action=profile;u=159191

coralreefer - ElasticPL Parser, ElasticPL Interpreter, Miner      
https://bitcointalk.org/index.php?action=profile;u=320483

unvoid - Forum, Debugging, Testserver, Faucet        
https://bitcointalk.org/index.php?action=profile;u=98343


Donation Period & Coin Distribution

The donation period for Elastic lasted from 29 February 2016 to 19 August 2016, amounting to ~710 BTC.
The total supply of Elastic is 100 Million XEL and 100% of the supply will be distributed to donation contributors.

[cryptodv]

Nice, but the tokens are called XEL now, not ELC.

[xtester]

Nice, but the tokens are called XEL now, not ELC.

Updated, thanks.

[by rallier]

Hi guys. I am working on a new OP for the project and appreciate some feedback. After we have enough feedback and revise the post, I offer to create a new bitcointalk OP for elastic and maintain it up to date with all the information we need. As soon as we have it revised and created, I propose moving the bitcointalk discussion there, so we can have control over the OP.

Let me know what important information needs to be added to the post.

P.S. Picked one of the proposed logos for demonstration.

Important Links
Website | Forum | Github | Whitepaper | Blockchain Explorer | Faucet | Twitter Soon | Slack

What is Elastic?

Elastic is an open-source project, aiming to build the first decentralized supercomputer. Elastic Coin provides the infrastructure for a decentralized and distributed computation of arbitrary tasks over the in-ternet. 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. The so-called miners are then motivated to offer their computational resources in exchange for a portion of those XEL 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 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. All at a fair and market-driven price.


Roadmap

Note: All presented dates are tentative; hence they could, and most likely will, be subject to further changes.

- Testnet         - Launched
- Mainnet       - Soon
- Applications - TBA
- Exchanges    - TBA
- Foundation  - TBA

Important Developers and Contributors

Evil-Knievel - coding the client, Elastic Language, etc.      
https://bitcointalk.org/index.php?action=profile;u=159191

unvoid - forum, debugging, testserver, faucet, etc.        
https://bitcointalk.org/index.php?action=profile;u=98343

coralreefer - coding the miner, design suggestions      
https://bitcointalk.org/index.php?action=profile;u=320483

Donation Period & Coin Distribution

The donation period for Elastic lasted from 29 February 2016 to 19 August 2016, amounting to ~710 BTC.
The total supply of Elastic is 100 Million ELC.

If you want to mention website, you can use elastic.pw

[xtester]

If you want to mention website, you can use elastic.pw

Done.

[dumple]

If you want to mention website, you can use elastic.pw

Done.

Under Donation Period & Coin Distribution, add in that 100% of the coins will be distributed to donators/investors. I think that fact adds a lot of good will to the coin, shows it's truly a community project, and is a descendant of Bitcoin's original decentralized philosophy.

[syclone]

Is the supply still 100 million or did a lot of the coin get burned / reduced? 

[mr.coinzy]

Is the supply still 100 million or did a lot of the coin get burned / reduced? 

Supply = 100 million