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.
Anyone interested in trying Elastic can access a big parallel computation cluster consisting of a high number of GPUs and CPUs provided by Elastic’s miners.
Traders can start mining Elastic with IQMining to try and turn a profit. This is a simple platform with plenty of helpful features, designed to provide users of all experience levels with a streamlined way to access cloud mining.