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

[bspus]

Many are confused about the terminology: What is a bounty fund, what is a pow fund, how are supernodes rewarded, ...

Here a first sketch about the XEL flows during the lifetime of a job! Feel free to do a better one.
I will make a second one not showing the XEL layer, but more the "information" layer (showing how jobs are splitted and what conditions make a bounty a bounty, and a pow a pow).

In the graph you split between useful bounty solutions and useless pow one, with a different fund for each.
It also seems from the text, that miners "decide" to look for bounty solutions instead of useless ones. Is that the case or are they just looking for solutions in general and some happen to be "good" ones.

That would make more sense, otherwise why would the scientist fund useless pow work?

Might be a stupid question, as I still don't understand much about the process

[1713511595]

1713511595

[1713511595]

1713511595

[1713511595]

1713511595

[1713511595]

1713511595

[1713511595]

1713511595

[acoco]

Thanks EK, awesome work !

Aha! Mainnet is ready? Wowww its very very very wonderful news. Thanks Guys.

Mainnet is ready?
#minexcoin.com

[mr.coinzy]

Thanks EK, awesome work !

Aha! Mainnet is ready? Wowww its very very very wonderful news. Thanks Guys.

Mainnet is ready?

No, mainnet is not ready yet.
Having so many great updates is amazing - yet it does not mean mainnet is happening tomorrow... (this amazing system will roll out when ready and testing is over, please be patient).

[provenceday]

Many are confused about the terminology: What is a bounty fund, what is a pow fund, how are supernodes rewarded, ...

Here a first sketch about the XEL flows during the lifetime of a job! Feel free to do a better one.
I will make a second one not showing the XEL layer, but more the "information" layer (showing how jobs are splitted and what conditions make a bounty a bounty, and a pow a pow).

the diagram is awesome.

[BTCspace]

11   Golem Golem   70,495 BTC   0.00008597 BTC   820,000,000 GNT *   1,297 BTC   5.00%   


golem is worth 70000BTC... that's crazy.




i just hope elastic can worth 100000 BTC.

since elastic is better than golem.

[Bgjjj2016]

Elastic will blow all of them away. I really didn't expect EK will add so many thing before the release, and I'm sure Elastic will grow even more later on. I'm sticking to my price target of 0.1 BTC per 1 XEL in less than two years !

[bspus]

i just hope elastic can worth 100000 BTC.

since elastic is better than golem.

Plenty of examples in history where the winner is the first rather than the best.

But golem does not work yet, it's just traded for now, unless I'm mistaken.

There is still no general purpose decentralized computer like elastic that is functioning. So still time to be the first.

[schnötzel]

Hope someone comes up with some Elastic merchandise. From the day I order, I would run around in Elastic jackets waiving Elastic flags out of the windows of my car with a huge Elastic sticker attached to the trunk.

Now, back to work  

If people are interested I can do a shirt / hat order with 1-2 colors and a logo. But first, I will need access to the transparent .psd / vector logo files if someone has them floating around.  Then I can produce a few samples and see which ones people like.

Edit: Oh shizz i just realized my account turned hero! 

Congratulations ;-) Welcome to the Hero Club.

Logo Raw-PSD: https://github.com/OrdinaryDude/elastic-core/tree/master/logo-raw

Is this the new "official" logo?

[Bgjjj2016]

i just hope elastic can worth 100000 BTC.

since elastic is better than golem.

Plenty of examples in history where the winner is the first rather than the best.

But golem does not work yet, it's just traded for now, unless I'm mistaken.

There is still no general purpose decentralized computer like elastic that is functioning. So still time to be the first.

Good point. Hope we go live soon. We have to be the First 

[chinadaye]

i just hope elastic can worth 100000 BTC.

since elastic is better than golem.

Plenty of examples in history where the winner is the first rather than the best.

But golem does not work yet, it's just traded for now, unless I'm mistaken.

There is still no general purpose decentralized computer like elastic that is functioning. So still time to be the first.

Good point. Hope we go live soon. We have to be the First 

+1  All the items after the first ranking can only be followers

[Selsonblue]

Hope someone comes up with some Elastic merchandise. From the day I order, I would run around in Elastic jackets waiving Elastic flags out of the windows of my car with a huge Elastic sticker attached to the trunk.

Now, back to work  

If people are interested I can do a shirt / hat order with 1-2 colors and a logo. But first, I will need access to the transparent .psd / vector logo files if someone has them floating around.  Then I can produce a few samples and see which ones people like.

Edit: Oh shizz i just realized my account turned hero! 

Congratulations ;-) Welcome to the Hero Club.

Logo Raw-PSD: https://github.com/OrdinaryDude/elastic-core/tree/master/logo-raw

Is this the new "official" logo?

Seems the logo conversation moved over to the elastic forums without a clear selection.

If you want to vote on the logo, or submit a logo, lets keep that conversation over there, and we can hold a formal vote.

https://talk.elasticexplorer.org/t/logos-for-elastic/54

[elelegzet]

i just hope elastic can worth 100000 BTC.

since elastic is better than golem.

Plenty of examples in history where the winner is the first rather than the best.

But golem does not work yet, it's just traded for now, unless I'm mistaken.

There is still no general purpose decentralized computer like elastic that is functioning. So still time to be the first.

 It's still pretty important to attract promiscuous investors capital early on. In this regard I would prefer to see XEL tradable as early as possible to stake out our positions.

[Naokia980]

i just hope elastic can worth 100000 BTC.

since elastic is better than golem.

Plenty of examples in history where the winner is the first rather than the best.

But golem does not work yet, it's just traded for now, unless I'm mistaken.

There is still no general purpose decentralized computer like elastic that is functioning. So still time to be the first.

 It's still pretty important to attract promiscuous investors capital early on. In this regard I would prefer to see XEL tradable as early as possible to stake out our positions.

What kind of tools you use for taking out positions?

[cybterpunk]

i just hope elastic can worth 100000 BTC.

since elastic is better than golem.

Plenty of examples in history where the winner is the first rather than the best.

But golem does not work yet, it's just traded for now, unless I'm mistaken.

There is still no general purpose decentralized computer like elastic that is functioning. So still time to be the first.

 It's still pretty important to attract promiscuous investors capital early on. In this regard I would prefer to see XEL tradable as early as possible to stake out our positions.

that's a good point too.

i can feel this is the best altcoin market right now.

maybe 3 months later, the winter is coming. just like 2014....

[welsonlee]

I do not think that high prices reflect the value of xel, should allow more people to participate in the development of the elastic, and the formation of a good ecology, this is the true value of xel, with real value, but also worry about the price?

[unvoid]

0.1 BTC for your logo and satisfaction that XEL is using your design.

https://talk.elasticexplorer.org/t/logos-for-elastic/54/11

[Jenny Moll]

i just hope elastic can worth 100000 BTC.

since elastic is better than golem.

Plenty of examples in history where the winner is the first rather than the best.

But golem does not work yet, it's just traded for now, unless I'm mistaken.

There is still no general purpose decentralized computer like elastic that is functioning. So still time to be the first.

 It's still pretty important to attract promiscuous investors capital early on. In this regard I would prefer to see XEL tradable as early as possible to stake out our positions.

that's a good point too.

i can feel this is the best altcoin market right now.

maybe 3 months later, the winter is coming. just like 2014....

At that time, there is no price advantage.Perhaps the winter of competing coins.

[george888055]

I still can't open your website and there is less information in the thread .
can somebody tell me where i can buy the coin?

[devking]

I still can't open your website and there is less information in the thread .
can somebody tell me where i can buy the coin?

Only after mainnet launch. New website is under progress.

[unvoid]

cosmetic change but it was irritating for so long that news feed was pointing to NXT sites.

So I fixed it.