Elastic (XEL) is an open-source project. Elastic’s miners are stimulated to support with their resources in exchange for XEL coins. XEL offers the buyers a large cluster which contains CPUs and CPUs supplied by miners. Elastic collects the computation power of the connected nodes and allocates it over the blockchain technology to self-coded tasks. Elastic’s total supply is 100,000,000 XEL. The article will be further updated in case of additional information about Elastic.

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