Elastic
XEL
Embarrassingly Parallel Grid-computing on the Blockchain
Published6/19/2018
Last UpdatedJuly 2024
Page22
Verified
Elastic XEL bundles computation power and distributes it through Blockchain technology to self-coded, arbitrary tasks that are programmed in XEL’s own programming language ePL. Nodes are incentivized to contribute their unused computation power by crypto-currency payments, which behave similarly to the process of mining traditional crypto-currencies such as Bitcoin.

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