$ 0.02679
3 years ago
(1.74%)
Xel an open-source project that provides the infrastructure for a decentralized supercomputer. r, designed to carry out arbitrary tasks over the internet. Those who need computational resources, model their problem using Xel'sprogramming language (Elastic PL) and broadcast it on the network, along with a certain amount of XEL coins. The Xel miners are then motivated to offer their computational resources in exchange for a portion of those XEL coins.
Elastic offers potential buyers a large parallel computation cluster composed of many CPUs and GPUs supplied by the miners. The network is powered by its own PoW cryptocurrency (XEL) and provides a market-based mechanism to buy and sell computational resources.
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