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

[oem]

These are some very good topic ideas for the beginning.
Alright, we need fluent English writers with superb spelling and grammar and a deep understanding of the topic they chose.

I suggest a bounty of 0.0001074 BTC per word which is far higher than the average and not too shabby by most people’s measures. The rewarded word count is capped at 700 words per article.

Articles will be reviewed by several community members in this thread before it is accepted and published. You agree that your article is published under the GNU Free Documentation License v1.3.

Writers are solely responsible to determinate what, if any, taxes apply to their bounties.

Applications are now accepted on a first-come, first-serve basis. Picking multiple topics at once is allowed.

https://www.schneier.com/blog/archives/2015/05/detecting_quant.html

Is elastic project able to handle TCP reset / packet insertion attacks? My traffic is blocked by my ISP / government - can't use elastic.

[Sam123]

EK,
I was wondering if you had the chance to look at Tau Chain project ?
Maybe some collaboration with Ohad. Maybe build Elastic on top of Tau. Any though?
Thanks

[TheDR]

Probably best to keep this independent. The model is you farm Elastic by solving computational problems setup by Elastic holders.

[techwriterjoe]

Yea, maybe a pool/list of possible topics/titles.

My first suggestion for some topics:

0. What is Elastic Project - How does it work, easily explained (Crossrefs to What is Proof of Stake / Proof of Work)
Maybe with a level of detail as here: https://bitcoin.org/en/how-it-works

1. Elastic Project - The technical Details (Maybe we do this at the end)


2. What are private and public keys?

Now in detail:
3. How to extract private keys from Blockchain.info
4. How to extract private keys from HIVE
5. How to extract private keys from Breadwallet
6. How to extract private keys from ...


7. How to redeem Elastic Coins from the genesis block (crossref heavily to point(s) before)
(Not the exact process, but some background info - Genesisblock credits different public keys,
to redeem you need the according private keys. The wallet will add a convenient way to do it.)

8. What is Proof of Stake and its problems

9. What is Proof of Work and its problems

10. How are XEL created?
(Here, a short article explaining the difference between mining and a genesis block)

11. Technical Parameters (Maybe we do this at the end)
(Coins in circulation, block time, etc.)

12. Will Elastic Coins fall in a deflationary spiral?
(Talk differencies between Bitcoin and XEL, and talk about some economy basics)

13. Is Elastic Project vulnerable to quantum computing?
Some quantum talk :-)

I'll take topic 2.

[regexlove]

Lannister can you publish Comparisons(/Separation)
to other concepts & technologies?
- makes it easy to zoom in to the core differences
what parts are analog to what part of other cryptos or not.
elastic VS gridcoin,
elastic VS ....
              ....

[Selsonblue]

I am very interested in the project and I am willing to generate some articles on various technical topics for you, or graphics / workflows to outline processes. Eager to help out, looking for a bit of direction with the immediate needs first. 

Any sig. campaign planned yet?

[ImI]

Any sig. campaign planned yet?

i hope not

[wackytacky]

The Elastic website says 27% of XEL has been distributed.  How can I check my balance?

If you know your public key, you can check this file here (watch out for multiple entries):
https://raw.githubusercontent.com/elastic-project/genesis-block/master/genesis-block.json

So basically what i understand is, the coins are allotted accordingly to the people who has donated. One will be able to redeem them only n only once the crowdsale ends which will happen when certain blocks complete in BTC which i guess is some 3.5 months after
Am i correct?

[Evil-Knievel]

elastic VS gridcoin

Elastic vs. Gridcoin has been covered multiple times here already.
The key difference is that Gridcoin is centralized, it relies on a centrally hosted service (BOINC???) that does the work distribution. Then, manually, coins are distributed once a week (or some other time interval) depending on the work contributed.
If the central service is turned off, so is grid coin. If the person who distributed the coins performs Houdinis magic disappearance act, grid coin is gone as well.

Elastic is entirely different. It does exactly that without a central entity. All at the protocol level. There is nobody who could disappear or be turned off. Besides, Elastic allows ANYONE to submit work, not just a handful of people.
The decentralization of course requires very complex algorithms that ensure that people who claim that they have done work can be actually verified that they did so ... all without much cost and (as we are talking arbitrary code here) all totally secure for the network participants.

I think we could should add that point to the Knowledge Base as multiple people have already asked that. Any volunteers?  

[Evil-Knievel]

I am very interested in the project and I am willing to generate some articles on various technical topics for you, or graphics / workflows to outline processes. Eager to help out, looking for a bit of direction with the immediate needs first.  

Any sig. campaign planned yet?

I love the first part ;-) If you have any ideas I would just do it, and if you need your time to be compensated just shoot Lannister a PM and work something out. Great to see you on board.

For the second part: I hope there will never ever ever ever be a signature campaign    Even though Lannister obviously has a Elastic signature, which for my taste is a "borderline case" 

[bitcoinrocks]

Will a placeholder token be issued to ICO participants before the actual XEL coin is up and running later in the year or is the JSON file all we have until then?

[Lannister]

Will a placeholder token be issued to ICO participants before the actual XEL coin is up and running

Unfortunately, due to legal reasons, no such things are planned!

[coralreefer]

Will a placeholder token be issued to ICO participants before the actual XEL coin is up and running

Unfortunately, due to legal reasons, no such things are planned!

I'm actually glad to hear that.  These tokens offered before the actual coin launch just get used for manipulation to make a quick buck.  To me, that's not what XEL is about.

[ImI]

hi,

there will be 5mio XEL and thats it, right?

[Evil-Knievel]

there will be 5mio XEL and thats it, right?

Yes, no other coins will ever be put into (or taken from) circulation.

[HomoHenning]

#2 questions

(1) when I will get the coins
(2) when it will be tradable in an exchange

thanks

[TheDR]

By the end of the year and or possibly later.

[gtzanap]

By the end of the year and or possibly later.

Why, have you any reason to believe the project will be delayed?

Coins should be available as soon as the project and wallet are launched, probably late summer. Exchange who knows, but I guess not long after.

[HomoHenning]

working coin is scheduled for 31.5. and not late summer

[Evil-Knievel]

working coin is scheduled for 31.5. and not late summer

You skipped the second part of the sentence   A working coin with the verifiable computation part missing. Getting this missing part to work reliably will be a very tough and challenging task. And after all is done, we will have to go through a sufficiently large testing phase to make sure everything works flawlessly.