[ANN] [XEL] :: XEL - The Decentralized Supercomputer ::

[trumpman]

I have made a fan account on steemit to promote elastic, I'll try to make regural posts, feel free to support and resteem the posts if you feel like it: https://steemit.com/xel/@xeline/xel-mining-demo-mainnet-video

[mangrooooo]

I have made a fan account on steemit to promote elastic, I'll try to make regural posts, feel free to support and resteem the posts if you feel like it: https://steemit.com/xel/@xeline/xel-mining-demo-mainnet-video

Is this project still alive or dead? No volume, no new exchange, simply nothing.

[trumpman]

Is this project still alive or dead? No volume, no new exchange, simply nothing.

The answer to your question lies just three messages above you. The latest updates (betanet,  revisioned whitepaper, and 2 (yes two!) new websites) got released a month ago. Also have a look at GitHub, it has constantly been updated every couple of weeks for the past year or so... So much for your "simply nothing" bs.

So you are either fudding or too lazy to even scroll up a bit.

As for volume, it's steadily anywhere from 10-50 BTC everyday for the past couples of months. Ok it's not huge but definitely not zero as you claim.

As for the "no new exchanges" thing, instead of complaining why don't you actually prove yourself useful and contact some exchanges asking for XEL to be listed? I bet you are too lazy to do that too so let me help. Here are two forms you can use:
1) https://m.poloniex.com/coinRequest
2) https://yobit.net/en/addcoin/

With enough requests combined with the fact it's a solid project with a working product, XEL has good chances get listed on either of these two exchanges. So go and fill them up instead of being a whiner.

[legday]

I have made a fan account on steemit to promote elastic, I'll try to make regural posts, feel free to support and resteem the posts if you feel like it: https://steemit.com/xel/@xeline/xel-mining-demo-mainnet-video

Is this project still alive or dead? No volume, no new exchange, simply nothing.

Yes project is very active. It is already listed on trex and upbit. New exchanges are not priority right now.

[trumpman]

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

[lda1000]

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

How about sending to genesis block account? Would that work?

http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/

[trumpman]

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

How about sending to genesis block account? Would that work?

http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/

If you ask me I really don't know since I am not the most technical person :p But I would love to have a definite answer to the question

[josegines]

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

Who may want to burn something that has value?

I do not understand, I imagine that everyone will want to have more XEL, but someone wants to get rid of them?

[ttookk]

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

How about sending to genesis block account? Would that work?

http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/

There's a chance that someone has access to the genesis address. Not sure, though.

I tried finding out whether NXT-addresses (which XEL-adresses are based on) use checksums and I didn' find anything, so maybe you could "generate" burn addresses by choosing obviously non-random addresses, like XEL-BURN-ADDR-ESSX-XXXXX, XEL-XXXX-XXXX-XXXX-XXXXX and send the funds there. Not sure if this works, but since you want to burn them anyway, there's no harm in trying I guess. When making an address up, remember that NXT/XEL addresses don't use 0, O, I and 1.

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

Who may want to burn something that has value?

I do not understand, I imagine that everyone will want to have more XEL, but someone wants to get rid of them?

There's a number of reasons, such as showing goodwill, getting rid of "tainted" (i.e. stolen) tokens which can't be returned for whatever reason etc.

Random fun fact: Counterparty used it as a means to distribute tokens to users. This is their burn address:

https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr

(The last six random looking characters are the checksum I meant above)

[trumpman]

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

How about sending to genesis block account? Would that work?

http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/

There's a chance that someone has access to the genesis address. Not sure, though.

I tried finding out whether NXT-addresses (which XEL-adresses are based on) use checksums and I didn' find anything, so maybe you could "generate" burn addresses by choosing obviously non-random addresses, like XEL-BURN-ADDR-ESSX-XXXXX, XEL-XXXX-XXXX-XXXX-XXXXX and send the funds there. Not sure if this works, but since you want to burn them anyway, there's no harm in trying I guess. When making an address up, remember that NXT/XEL addresses don't use 0, O, I and 1.

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

Who may want to burn something that has value?

I do not understand, I imagine that everyone will want to have more XEL, but someone wants to get rid of them?

There's a number of reasons, such as showing goodwill, getting rid of "tainted" (i.e. stolen) tokens which can't be returned for whatever reason etc.

Random fun fact: Counterparty used it as a means to distribute tokens to users. This is their burn address:

https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr

(The last six random looking characters are the checksum I meant above)

So if I use the method you describe nobody will be able to claim those funds making them 100 % inaccessible, right?

[Alohaboy?!]

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

How about sending to genesis block account? Would that work?

http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/

There's a chance that someone has access to the genesis address. Not sure, though.

I tried finding out whether NXT-addresses (which XEL-adresses are based on) use checksums and I didn' find anything, so maybe you could "generate" burn addresses by choosing obviously non-random addresses, like XEL-BURN-ADDR-ESSX-XXXXX, XEL-XXXX-XXXX-XXXX-XXXXX and send the funds there. Not sure if this works, but since you want to burn them anyway, there's no harm in trying I guess. When making an address up, remember that NXT/XEL addresses don't use 0, O, I and 1.

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

Who may want to burn something that has value?

I do not understand, I imagine that everyone will want to have more XEL, but someone wants to get rid of them?

There's a number of reasons, such as showing goodwill, getting rid of "tainted" (i.e. stolen) tokens which can't be returned for whatever reason etc.

Random fun fact: Counterparty used it as a means to distribute tokens to users. This is their burn address:

https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr

(The last six random looking characters are the checksum I meant above)

So if I use the method you describe nobody will be able to claim those funds making them 100 % inaccessible, right?

It us actually a really good question to create an address where nobody has had ever access to it. Maybe the genesis account might be the best option to go since no one should be able to actually use this address for personal reasons. But I might be wrong. But this would be a quite simple to answer question for EK I guess

[Deepfoelife]

I didnt follow this topic for a while but still holding some... so whats new with the Elastic project? Is the site still under development waiting for the new crypto-market bull run to start?

[ttookk]

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

How about sending to genesis block account? Would that work?

http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/

There's a chance that someone has access to the genesis address. Not sure, though.

I tried finding out whether NXT-addresses (which XEL-adresses are based on) use checksums and I didn' find anything, so maybe you could "generate" burn addresses by choosing obviously non-random addresses, like XEL-BURN-ADDR-ESSX-XXXXX, XEL-XXXX-XXXX-XXXX-XXXXX and send the funds there. Not sure if this works, but since you want to burn them anyway, there's no harm in trying I guess. When making an address up, remember that NXT/XEL addresses don't use 0, O, I and 1.

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

Who may want to burn something that has value?

I do not understand, I imagine that everyone will want to have more XEL, but someone wants to get rid of them?

There's a number of reasons, such as showing goodwill, getting rid of "tainted" (i.e. stolen) tokens which can't be returned for whatever reason etc.

Random fun fact: Counterparty used it as a means to distribute tokens to users. This is their burn address:

https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr

(The last six random looking characters are the checksum I meant above)

So if I use the method you describe nobody will be able to claim those funds making them 100 % inaccessible, right?

Well, apart from the fact that there is no such thing as 100%, pretty much.

There are two widely recognized ways of "burning" coins, both include sending them to provably unspendable addresses. "Provably unspendable" means that the addresses themselves show that there is close to zero chance that anyone knows the associated private key by looking extremely deliberate. Basically, if someone is able to find the associated private key to a burn address, you can assume that they can find any key for any wallet on the chain.

I've pointed out the first method above.

The second method is not much different, but instead of the address itself, the public key is used. The public key is the key directly derived from the private key. Addresses are usually generated by taking a private key, performing cryptographic hashing on it to generate the public key. Then, cryptographic hashing is used on the public key to generate the address. XEL is no different in that regard. To generate a "burn address", you take a sufficiently non-random public key (all zeros is common) and generate an address out of it. This is a little more tricky and the address still looks random at first glance, which is why I'd prefer the first way.

[trumpman]

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

How about sending to genesis block account? Would that work?

http://elasticexplorer.org/address/XEL-H22F-GBXY-4BXS-6S4VQ/

There's a chance that someone has access to the genesis address. Not sure, though.

I tried finding out whether NXT-addresses (which XEL-adresses are based on) use checksums and I didn' find anything, so maybe you could "generate" burn addresses by choosing obviously non-random addresses, like XEL-BURN-ADDR-ESSX-XXXXX, XEL-XXXX-XXXX-XXXX-XXXXX and send the funds there. Not sure if this works, but since you want to burn them anyway, there's no harm in trying I guess. When making an address up, remember that NXT/XEL addresses don't use 0, O, I and 1.

Anyone knows if there's a burn address for xel, and if not, how can someone set one up?

Who may want to burn something that has value?

I do not understand, I imagine that everyone will want to have more XEL, but someone wants to get rid of them?

There's a number of reasons, such as showing goodwill, getting rid of "tainted" (i.e. stolen) tokens which can't be returned for whatever reason etc.

Random fun fact: Counterparty used it as a means to distribute tokens to users. This is their burn address:

https://www.blockchain.com/btc/address/1CounterpartyXXXXXXXXXXXXXXXUWLpVr

(The last six random looking characters are the checksum I meant above)

So if I use the method you describe nobody will be able to claim those funds making them 100 % inaccessible, right?

Well, apart from the fact that there is no such thing as 100%, pretty much.

There are two widely recognized ways of "burning" coins, both include sending them to provably unspendable addresses. "Provably unspendable" means that the addresses themselves show that there is close to zero chance that anyone knows the associated private key by looking extremely deliberate. Basically, if someone is able to find the associated private key to a burn address, you can assume that they can find any key for any wallet on the chain.

I've pointed out the first method above.

The second method is not much different, but instead of the address itself, the public key is used. The public key is the key directly derived from the private key. Addresses are usually generated by taking a private key, performing cryptographic hashing on it to generate the public key. Then, cryptographic hashing is used on the public key to generate the address. XEL is no different in that regard. To generate a "burn address", you take a sufficiently non-random public key (all zeros is common) and generate an address out of it. This is a little more tricky and the address still looks random at first glance, which is why I'd prefer the first way.

Thanks for explaining everything in details. I appreciate it

[ttookk]

(…)

Thanks for explaining everything in details. I appreciate it

Not a problem

Let me know if it worked (or not).

[asdlolciterquit]

Hi everyone,
i've seen that there is an other challenger of "Decentralized Supercomputer": iagon.

What do you think about it? Do you think that xel can still have its role in the market?

[ttookk]

Hi everyone,
i've seen that there is an other challenger of "Decentralized Supercomputer": iagon.

What do you think about it? Do you think that xel can still have its role in the market?

I am not too familiar with Iagons decentralized computing system, so I can't directly compare it with XEL, but I'm pretty sure there is a place for XEL in the ecosystem.

XEL is designed to do certain types of computations; those which are hard to compute, but easy to verify. This might seem as a shortcoming to be so specialized, but it means in this specific sector, it has huge advantages over other projects:

If you have a decentralized all-purpose computer, you either have an almost unsolvable trust problem or a lot of redundancy. For example, a common purpose for using rented computing power is rendering high quality videos. This needs a *lot* of computing power. For an attacker, it would be far easier to do the beginning and end of the video, throw some random data garbage in the middle and claim the reward. So, the user has to trust the worker to do the job they are paid for. You could set up an escrow system, but this system would need arbiters. Because the user could claim fault and present a broken file they created, even if the worker did their job perfectly. Or the user messed up by sending faulty data and blames the worker for it. A different approach would be to have two or more workers working on the same project, to check that they all did the job right. But all of them need to be paid (and they need to be paid a competitve price, mind you) and it is computing power wasted.

For most types of computation, there is no really easy way out there, at least not one that really improves on existing systems. You could just set up a centralized service, where workers can offer their computing power for ETH/BTC, with accounts and a trust system and all. Way less hussle and probably more effective.

XEL however focuses on a certain type of computations, those which are hard to compute, but easy to verify. Finding prime numbers could be one. Travelling salesman problem. Cracking passwords (only you own of course). Stuff where once you have a possible solution, you can go and say "yes, this looks about right". For this type of problems, XEL is perfect, because the system doesn't need the redundancy mentioned above. It also doesn't need a trust system. It's basically like finding blocks in a PoW system.

In that field, XEL will be competitive, because it is streamlined to do just that. Think of the other projects as swiss army knives: they can do a lot, but nothing of it really well. XEL is a high carbon, handforged chef knife, sharpened to perfection. It's really bad at opening cans and opening wine bottles, but the thing it can do, boy does it go.

[stokholminfinity]

There is a serious controversy about the importance of the project. From myself I want to say that the tasks for which the project is oriented are very complex and require a lot of time for development and debugging. I would not wait for a quick implementation from such a project. Here we are not talking about quick profits but about realizing the idea and bringing it to the working state.

[dentolas]

There is a serious controversy about the importance of the project. From myself I want to say that the tasks for which the project is oriented are very complex and require a lot of time for development and debugging. I would not wait for a quick implementation from such a project. Here we are not talking about quick profits but about realizing the idea and bringing it to the working state.

A good project is almost everytime a difficult one... and it always takes time... people need to forget the quick profit if they want to invest on real projects...
A good project will always reward those who hold   

[disconnectme]

There is a serious controversy about the importance of the project. From myself I want to say that the tasks for which the project is oriented are very complex and require a lot of time for development and debugging. I would not wait for a quick implementation from such a project. Here we are not talking about quick profits but about realizing the idea and bringing it to the working state.

I do agree with the points you highlighted above, but for me the main challenge for this platform is the funding, the likes of Golem, RLC, SONM and Filecoin all recieved huge amount form their ICO and could attract the best talents around. This project seems to be lacking dedicated developers and they need more hands to help out with development and this cost money