computational power will come from the GPUs and CPUs of these miners and will be sold and purchased on a market-based mechanism. Buyers are required to use the platform's cryptocurrency development kit to develop their personal projects before buying computer resources. The coin is Proof-of-Stake . It has a total supply of 100 million and is listed in Bittrex and Upbit exchanges. XEL also uses its own programming language called Elastic PL. XEL coins are used to process all transactions on the network. Elastic project was established back in 2016 by a person only known by his nickname as Lannister. This person then resigned and the project almost died. It was, however, revived by two other anonymous individuals know by their nick names as Evil Knievel and Coralreefer.

XEL is an open-source blockchain platform that brings together multiple unused computer resources to create a powerful decentralized supercomputer. Such a computer is trustless, very secure and is able to compute complex computer tasks over the internet at very high speeds. This platform links those who wish to buy such computational power online and those willing to sell their un-utilized computer resources. Those providing such resources are the miners who will be earning XEL coins. The Show more [+]