Elastic XEL price, history charts & useful analytics

Therefore, anyone can program unique use cases with XEL’s own programming language (ePL). Ripple (XRP) – A global settlement network for financial institutions that offers fast, low-cost transactions. Bitcoin (BTC) – A digital asset and a payment system invented by Satoshi Nakamoto. Ethereum (ETH) – A decentralized platform that allows smart contracts and applications to be built and run without any downtime, censorship, or third-party interference. A leading figure in Elastic’s team with the pseudonym Lannister left the project, which has led to inaccessibility of the project’s ICO funds and scam accusations on the BitcoinTalk Forum to increase.

• ProMOS’s common stock is traded on the taiwan cver-the-counter (OTC) under the 5387 symbol.
• Thanks to self programmable tasks, the XEL platform offers a highly flexible system.
• This is something that would make any investor somewhat skeptical about whether the team can really pull this project off.
• If the project has no clear plan on how to grow as a business (and by all means, it is a business) and does currently not really intend to be more than just an “experimental project,” then its future business success is brought into question.
• The main Elastic (XEL) exchanges are Binance, Bitfinex, and Kucoin.

We’ll be on the lookout for any communication from the team over at Elastic as supportive of our thesis and, for now, we’ll be basing our bias purely on volume. However, the Elastic Project faces several issues that need to be acknowledged by potential investors. We live and breathe memory and storage, but it’s not just a work thing.

Integrate with XEL platform

Elastic price in US Dollar has increased by 0.00% in the last 1 month. XEL is up 1.98% against Ethereum and up 4.44% against Bitcoin in the last 1 month. SK hynix is aiming to be the world’s best memory semiconductor solution company. ProMOS technologies is renowned in the global DRAM industry for its outstanding performance in technology advancement and manufacturing efficiency. We are partnered with the manufacturers of leading edge and legacy technologies; allowing us to deliver both ends of the spectrum.

Well, in order for people to use the decentralized supercomputer for whatever purpose, they need to pay for the computational power that they require. This computational power is provided by miners, which are rewarded in XEL. The company behind XEL, Elastic, which, as mentioned, conducted in ICO back in June this year, is set up to build the first decentralized supercomputer. The company has created its own proprietary programming language (called ElasticPL), which accounts for one of four major elements of the project – a dedicated blockchain, a core client and the XEL miner.

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If this is the case, it makes for a risky trade, given that we are probably going to need some sort of fundamental development to serve as support for the action we are seeing at some point. There could be plenty of room on the upside of the equation before any such fundamental development is required and – for us – this makes Elastic and its XEL token a real potential winner at current prices. While that may share the spirit of Satoshi, investors do not like that at all.

Supply & Distribution

As an open-source project, Elastic serves as a decentralized computation infrastructure, and is powered by its own Proof-of-Work cryptocurrency, XEL. This network performs arbitrary tasks online, and allows users requiring computational resources to model problems utilizing the Elastic program language, known as Elastic PL. They can broadcast this across the network, with a specific number of XEL coins. As a result, Elastic miners have the motivation to trade their own computational resources for some of said XEL tokens. XEL is an open source project aiming to disrupt the way computing power is bought and sold in today’s global market. To achieve this XEL is creating a decentralized trustless super computer, utilizing cryptography and blockchain technology.

With interest rate hikes by global central banks and persistent inflation, the global crypto market is likely to be under pressure in the coming days. Last week, the US Federal Reserve announced a quarter percentage point increase in its interest rate in its July meeting, taking benchmark borrowing costs to their highest level in more than two decades. To make more sense of this new asset class, BTCManager regularly highlights new cryptoassets to gauge whether or not they could potentially turn into profitable investments for its holders.

Run XEL Lite Wallet from binaries (recommended for desktops)

Elastic has been in development over a year and provides the infrastructure for a decentralized supercomputer that can carry out computationally heavy tasks over the Internet. The infrastructure is powered by a cryptocurrency, called elastic (XEL), which allows individuals to buy and sell computational resources. Individuals or companies who require computational resources can model their problem using the elastic programming language and broadcast it to the Elastic network together with a certain amount of elastic coin.

• This is achieved thanks to the proprietary ElasticPL (ePL) programming language.
• For instance, it will be possible for developers to implement smart contracts on top of Elastic VM (Virtual Machine) in the future.
• I founded Elastic in 2013 as a way to make it easy for people to manage their finances and businesses online.
• According to data from Gartner.com, the worldwide revenue generated by the supercomputer market was estimated to be worth around $3.5 billion in 2016.
• Bitcoin price was trading higher on Wednesday, hitting an intraday high of $30,000 before pulling back.

Bitcoin price was trading higher on Wednesday, hitting an intraday high of $30,000 before pulling back. At press time, the digital asset was trading slightly lower at $29,477. BTC’s total market cap has jumped by more than 2% over the last day to $572 billion, with the total volume of the asset traded over the same period up by 49.59%. The total supply of elastic coin is 100 million, and no new coins can be mined or minted.

Uzbekistan grants operating license to crypto service

We build our own rigs, geek out over new technology, and game as soon as we’re off the clock. We’re constantly learning, and we like jumping on the forums to answer your questions just as much as we enjoy walking you through the install process so you don’t have to figure it out on your own. Privately owned, xel has been serving the needs of small, medium and large companies around the world. Just trying to find a solid answer as to whether or not this is zombie coin status. Both, publishers of the task and the ones performing the task are not required to share their private information at any stage of the process. There is no need to trust third parties since the XEL platform handles the entire process in a trustless manor.

In this article, you will be introduced to the Elastic Project and its native currency the elastic coin, which carries the ticker XEL. Not only are there around 1,000 existing digital currencies and assets but there are also new digital tokens launching every week as the Initial Coin Offering (ICO) market is experiencing a massive boom. Well, there are a number of traders and investors that are sitting on the sidelines at the moment feeling as though they’ve missed the boat on the incredible gains many have logged on the back of cryptocurrency positions year to date. Elastic is a decentralized computation infrastructure powered by cryptocurrency.