Cryptocurrency Elastic $XEL Gained 79% In the Last Day
Channel: Crypto Breaking NEWS
Date: 2017-10-29

Elastic rose 79% during the past day.

Elastic has been trading at 7.997E-05 Bitcoins which is about 7,997 Pandacoins.

Elastic is an open-source project that provides the infastructure for a decentralized supercomputer. r, designed to carry out arbitrary tasks over the internet. Those  who need  computational  resources, model their problem using Elastic’s programming language (Elastic PL) and broadcast it on the network, along with a certain amount of XEL coins. The Elastic 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.

It can be traded on the BitTrex cryptocurrency market.

What are your thoughts on this coin and its recent price rise?
Please put your thoughts on Elastic in the comments section of this video.