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

[dumple]

Seems there's already another older coin with the ticker ELC. It's Elacoin.

See:
https://bitcointalk.org/index.php?topic=766417.80

[1713491875]

1713491875

[1713491875]

1713491875

[1713491875]

1713491875

[Evil-Knievel]

Seems there's already another older coin with the ticker ELC. It's Elacoin.

See:
https://bitcointalk.org/index.php?topic=766417.80

Yes, we have to rethink it then. Thanks for looking that up!

[Evil-Knievel]

Any suggestions for a different "ticker"?

[cryptoheadd]

ELAS?
ELP?

[dumple]

ELSC

Can double as ELaStiC, and also ELastic Super Computer

[Evil-Knievel]

Good ideas :-) We could collect come more and then make a public poll?

[xibeijan]

They both periodically send "proof-of-works" that prove that they are working

This step could mean a significant overhead while performing the POW using ELC because they have to do additional proof of works beyond the one you are interested in.  On the other side of it, the ELC network could be huge.

[Evil-Knievel]

They both periodically send "proof-of-works" that prove that they are working

This step could mean a significant overhead while performing the POW using ELC because they have to do additional proof of works beyond the one you are interested in.  On the other side of it, the ELC network could be huge.

I agree, this comes at a overhead. The reason why we have to do this here is that we have to measure how much everyone has contributed.
People can submit work where they are interested in many many output, but they as well may submit a work which is impossible to be solved (like factor a 256bit number). In both cases we want even and constant payout for other people's contributed computation power, and so they must periodically give some kind of verifiable feedback.

But in order to reduce the overhead, we can make this feedback relatively rare. We would have to think about what (security)implications the timespan between two proof-of-works has.

[Vaccinus]

there will be a pow mining phase? what will be the algo if the answer is yes?

[iSimantri]

XEL 

[YNWA2806]

Evil-Knievel you should put some of the tokens aside for better PR, allocate some for translation to get big markets, make a FB account for statements and allocate some ELC for likes, etc.......

[YNWA2806]

This project is not being heard

[BigBoom3599]

Greed, you've made your point. there's no need to repost it every other day. just leave this thread.

[wosch76]

ELSC

Can double as ELaStiC, and also ELastic Super Computer

I vote for ELastic Super Computer

[xxxgoodgirls]

I'd go for ELA(stic) or ELN(astic etwork).

[cryptoheadd]

XEC sounds good.
or XEL.

[JanDzban]

ELSC

Can double as ELaStiC, and also ELastic Super Computer

I vote for ELastic Super Computer

I like this, but imo better looks 3 letters- ESC

[BigBoom3599]

Maybe we should have a poll to vote for the ticker, so far i've seen: ELSC, ESC, ELA, XEC, XEL, ELC, ELAS and ELP

[nihilnegativum]

I like esc, but it will get lost in search because of all the escrow topics, so xel is better.

[YNWA2806]

Any relation for TAU project? thought of co-operation?