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

[ik_do]

I want to take part in the crowdsale, would a fresh wallet with multibitHD be a good wallet to use to send?

[1714171302]

1714171302

[1714171302]

1714171302

[altcoinrich]

Could you explain that what does it calculate or solve during mining(doing calculating/solving algorithms or math questions) since it is a supercomputer.

[Evil-Knievel]

Could you explain that what does it calculate or solve during mining(doing calculating/solving algorithms or math questions) since it is a supercomputer.

Well, it solves the user provided proof-of-work algorithms. They can be anything and they are programmed in elastic's own programming language ElasticPL.
One example it to use ElasticPL to mine other blocks (of different cryptocurencies).

Mining Bitcoin block #0 (the genesis block) could be done this way:
(Note: m[22] is the nonce which is meant to be found, the rest is the blockheader and some mandatory ElasticPL overhead)

Code:

input 3;
m[3]=16777216;
m[4]=0;
m[5]=0;
m[6]=0;
m[7]=0;
m[8]=0;
m[9]=0;
m[10]=0;
m[11]=0;
m[12]=1000599037;
m[13]=2054886066;
m[14]=2059873342;
m[15]=1735823201;
m[16]=2143820739;
m[17]=2290766130;
m[18]=983546026;
m[19]=1260281418;
m[20]=699096905;
m[21]=4294901789;
m[22]=m[1];
SHA256 3 80;
SHA256 3 32;
verify (m[10]==0);

The "bounty submissions" are defined by the last line, so the scientist only gets solutions meeting this criteria,
and the POW hash is more complicated and involes the state and the random input to get unique hash value which must meet a certain target value.

[bobmarley650]

last 1300 blocks, I am happy to be the one of 450 investors.

[cyberhacker]

hi guys.

what do you think about Golem?  http://golemproject.net/

and this is my post about comparision.

http://btc12.com/2016/08/11/golemsupercomputer/

[bobmarley650]

Poll

http://www.polljunkie.com/poll/pjbtqp/xel-elastic-coin-supply

5M won 

[bobmarley650]

I've tried to sign up to XEL forum, but registration was disabled.

The forum will be active at the same date with the mainnet?

[bubbletea789]

the genesis block record has stopped updating for 4 days?

[unvoid]

the genesis block record has stopped updating for 4 days?

@Lannister can't you just install supervisor (if script is running in linux env) to automatically boot up script if it crashes?

[Evil-Knievel]

I will shoot him a bitmessage right now.

[Evil-Knievel]

Hackathon Announcement

Before starting a generalized bug bounty program, I thought it might be a good idea to start a

HACKATHON

Where certain functions of elastic (and only those) will be tested.
I would suggest that the procedure is as follows:

- Every 4 days a different feature will be tested with a specific goal (such as: "create a custom transaction which is able to exploit the automatic refund process in order to refund more than it should").
- Along with a task a Github commit hash will be published which has to be used to perform the attack.
- The first one who manages to provide a working proof-of-concept code gets a reward of 2 BTC.

What do you think? Is it a good idea? The codebase right now has one more little bug in the automatic work cancellation procedure, so we cannot start right away. I will push a fix very soon this weekend, and then we could begin. I would also suggest to use a separate thread for this. Also I would need Lannisters approval if he agrees since he will have to do the payouts.


You should setup elastic AFTER I have pushed the fix, here is a video tutorial on how to do it along with some explanations on how elastic works and on how to set it up properly.

[samantadegrenet]

hi guys.

what do you think about Golem?  http://golemproject.net/

and this is my post about comparision.

http://btc12.com/2016/08/11/golemsupercomputer/

so many good project lately!

[bobmarley650]

459 People donated so far, this project reminds me NXT ICO.

[m4nki]

Until when does the ICO approximately last (not in blocks but in calendar time)?

Thank you!

[bobmarley650]

Until when does the ICO approximately last (not in blocks but in calendar time)?

Thank you!

Generally 8 minutes for 1 block, 8*852 blocks = 6816 mins

6816 mins/ 1440 = 4.73 days

[ImI]

Until when does the ICO approximately last (not in blocks but in calendar time)?

Thank you!

Generally 8 minutes for 1 block, 8*852 blocks = 6816 mins

6816 mins/ 1440 = 4.73 days

10min per block

equals around 6 days

[m4nki]

Awesome, thank you!

[me1507]

Total coin 5 M right ?

what will happen to unsold ICO ?
i see only 70 % XEL claimed by donation.

[ttookk]

Total coin 5 M right ?

what will happen to unsold ICO ?
i see only 70 % XEL claimed by donation.

They will be proportionally distributed amongst investors.

[Mallyx]

Hello,

this ICO has been added on https://www.ico-list.com/ !

Thanks for contacting me if some details are wrong.