Topic: [ANN][XEL] Elastic Project - The Decentralized Supercomputer - page 305. (Read 450524 times)

Sorry for the delays,

There is a lot to do at the moment, the conference that I am attending currently consumes a lot of time and all appointments seem to take place at once ... this week-

Anyway, I think I have done a lot of progress here - even though we are slightly behind the originally planned schedule (whoever planned it, i didn't). I am giving my best to keep up with it, but it would be nice to get some help by one or two more coders who are willing to put some serious time into it.
I am doing it for free (I will never actively ask Lannister for any continuous reward or a salary for my work), in my spare time but yet with full enthusiasm ... so please don't blame me I donated myself and this is my "driver". I want to be able to one day use my XEL to get my research done quicker.

At the current stage we have a coin that has all the basic functions working and it has the protocol extentions working. That means, beyond all the basic stuff like sending coins and messaging other users, the elastic coin users can create new work, cancel it, refund, and so on. All is nicely integrated into the UI. What is still missing is that the actual "work" is done and verified for correctness. This will be the next step and this is developed in a separate github repository. I (or we, I still hope to get some more people working with me) will merge it into the core client once it works rock solid.

What we have now can be executed by anyone locally. If we had a bootstrap node, which we will soon have, we could also test it on the public test net. But before rolling out a demo that runs on a public server (in form of a hosted wallet, so the average joe can try it out without compiling anything) we will need a faucet. Maybe someone wants to do one? After we launch, this faucet might be cool to have anyways.

I have worked 14 hours now today, straight without any break, so I decided not to write much and do screenshots, but to record a small VLOG for those who are interested.

Please, excuse the video quality (and my cursing in between). I have bought an iPad pro and thought it would be a serious performer ... the video looks as if it was recorded with a potato though. I will make something better once I have more time, but the conference has higher priority atm.


I made the code (without the verifiable computation branch) public here. Forgive me, that I did not have the time yet to explain everything and make a detailed tutorial/howto:

https://github.com/OrdinaryDude/elastic-reference-client



Click to watch the ~1/2hour VLOG: (Attention: Recorded with a Potato!!)

... Just like apples cannot compete with oranges  

no way can XEL compeat with Ethereum

XEL will be purchasable on exchange(s), people who want to rent some computational power need to buy XEL.

Ok so it wont be traded on exchanges?

And all this stressing over how its a donation, is really that, people are just giving the team money to build The Decentralized Supercomputer.

So its not an ICO really is more of a crowd funding, where the participants get nothing in return,  other than tokens that can only be used as "fuel" in the supercomputer and not traded for bitcoin?

If so, then fine, but i like to invest to see a return on my investment, not
 a donation.

Great. Now, can someone explain this process to me, like a total noob.  Never bought coins this way before.

1- Where do i send the bitcoin from?  Does it have to be a desktop wallet? Or can i use a mobile wallet, like Mycelium.
2- When i send the Bitcoin payment  (this is the part i do not understand)
- Where do the coins go to?
3- How do i access the coins in the future, to send to an exchange for trading.

Many thanks.

Using the Private keys to Bitcoin seems like the most unsafe thing a person can do.

What am i missing here, why has it been made this way, it is a little confusing. Or just seems that way.